政府补贴、技术创新与高新技术企业高质量发展

Government Subsidies,Technological Innovation and High-quality Development of High-tech Enterprises

以2014—2019年中国创业板上市高新技术企业为研究样本,考察政府补贴、技术创新与企业发展质量之间的关系。研究发现,政府补贴可以促进技术创新,政府补贴、技术创新可以提高企业发展质量,技术创新在政府补贴与企业发展质量关系中的调节效应不明显,但起着部分中介效应。异质性检验结果表明,相对于其他地区高新技术企业,政府补贴对京津冀、长三角部分城市及粤港澳大湾区高新技术企业的影响更显著;相对于国有高新技术企业,政府补贴对非国有高新技术企业的影响更显著。提出切实提升政府补贴的促进作用、充分发挥技术创新的引领作用及结合企业实际确定政府补贴策略等建议,以期为高新技术企业高质量发展、政策制定及相关研究提供参考。

Taking high-tech enterprises listed on China's gem from 2014 to 2019 as the research sample,the paper examines relationship between government subsidies,technological innovation and enterprise development quality.The study has found that government subsidies can promote technological innovation,government subsidies and technological innovation can improve the quality of enterprise development,and the regulatory effect of technological innovation in the relationship between government subsidies and enterprise development quality is not obvious,but it plays a partial intermediary effect.The results of heterogeneity test show that compared with high-tech enterprises in other regions,government subsidies have a more significant impact on high-tech enterprises in the Beijing-Tianjin-Hebei region,some cities in the Yangtze River Delta and Guangdong-Hong Kong-Macao Greater Bay Area.Compared with state-owned high-tech enterprises,government subsidies have a more significant impact on non-state-owned high-tech enterprises.Suggestions are put forward to effectively improve the promotion role of government subsidies,give full play to the leading role of technological innovation and determine the government subsidy strategy in combination with the actual situation of enterprises,in order to provide reference for the high-quality development,policy-making and relevant research of high-tech enterprises.