摘要
文章基于中国2015—2019年1597家制造业上市公司的数据,通过静态面板模型和动态面板模型对政府补助、研发投入对企业创新绩效的影响进行实证分析。结果显示:政府补助和研发投入都显著提升了企业创新绩效;政府补助对企业创新绩效的促进作用大于研发投入,且在国有企业中更明显;政府补助对研发投入和企业创新绩效之间关系的负向调节作用在国有企业中更为显著。
Based on the data of 1597 listed manufacturing companies in China from 2015 to 2019, this paper empirically analyzes the impact of government subsidies and R&D investment on enterprise innovation performance through static panel model and dynamic panel model. The results are as follows:Government subsidies and R&D investment significantly improve the innovation performance of enterprises. The effect of government subsidies on enterprise innovation performance is greater than that of R&D investment, and it is more obvious in state-owned enterprises. The negative moderating effect of government subsidies on the relationship between R&D investment and enterprise innovation performance is more significant in state-owned enterprises.
作者
巴曙松
吴丽利
熊培瀚
Ba Shusong;Wu Lili;Xiong Peihan(School of Management,University of Science and Technology of China,Hefei 230026,China;HSBC Business School,Peking University,Shenzhen Guangdong 518055,China;HSBC Financial Research Institute,Peking University,Beijing 100871.China)
出处
《统计与决策》
CSSCI
北大核心
2022年第5期166-169,共4页
Statistics & Decision
关键词
政府补助
竞争中性
研发投入
创新绩效
government subsidies
competitive neutrality
R&D investment
innovation performance
