政府补助对中小企业创新的影响路径研究

Research on the Influence Mechanism of Government Subsidy on Small and Medium-sized Enterprises Innovation

中小企业是中国市场经济中最为活跃的主体之一,在促进经济多元化发展过程中发挥重要作用。如何促进中小企业创新备受理论界与实务界关注。本文在梳理既有文献的基础上,进一步挖掘政府补助对于企业创新影响的内在机制,检验结果表明:政府补助对于企业创新具有助推器作用和积累作用,政府补助能够为战略代表性行业企业创新“锦上添花”,但并不能在新冠肺炎疫情时期为企业“雪中送炭”;减少政府对企业的干预程度有助于企业创新。本文的研究结论对于地方财政政策制定、企业战略制定等具有一定的实践参考意义。

Small and medium-sized enterprises(SMEs),which are crucial to promoting the diversity of economy,are among the most active entities of Chinese market. How to promote the innovation of SMEs has raised heated discussion in research and practice. On the basis of the existing literature,the internal mechanism of the influence of government subsidy on enterprise innovation was further excavated. The result shows that government subsidy functions as a time-lagged booster in promoting enterprise innovation. Government subsidy does act as the icing on the cake for enterprise innovation in strategic industries,while fail to deliver SMEs fuel in snowy weather during COVID-19 period. Less government intervention in enterprises is beneficial to enterprise innovation. These conclusions are of practical significance for local financial policy making and enterprise strategy making.