政府研发资助:靠政治关系还是能力建设——基于中国制造业上市公司的经验证据

Government R&D Subsidies: Depending on Political Relations or Capability Construction——Empirical Evidence Based on Chinese Manufacturing Listed Enterprises

以2010-2016年中国制造业上市企业为样本,检验为获得更多政府研发资助的企业主要是依赖其自身能力建设的提升,还是依赖其政治关系的建立。研究发现:建立政治关系能促进企业获得政府研发资助,而加强能力建设并不利于获得较多的政府研发资助;进一步对国有企业分析表明,加强能力建设才能获得更多的政府研发资助,而建立政治关系却不易获得,这种效应仅发生在腐败指数较低的地区。研究为政府研发资助政策的制定提供了微观思路和经验证据。

Using the samples of Chinese manufacturing listed enterprises from 2010 to 2016,this paper examined which factor has mainly helped enterprises gain more government R&D subsidies,the enhancement of capability construction or the establishment of political relations.The study finds that the establishment of political relations has promoted enterprises to obtain more government R&D subsidies,rather than the enhancement of capability construction.Further analysis on state-owned enterprises shows that,the enhancement of capability construction would help them get more government R&D subsidies,and it’s not easy to establish political relations.This mechanism only occurs in areas with lower corruption index.These conclusions contribute microcosmic thought and empirical evidence to the formulation of government R&D subsidy policy.