政府补助、研发投入与公司绩效——基于农业上市公司研发投入的中介效应研究

Government Subsidies, RD Investment and Company Performance——Research on the Mediating Effect of RD Investment of Listed Agricultural Companies

文章以2010-2017年农业上市公司的数据作为研究样本,以公司研发投入为中间变量,通过实证检验我国农业上市公司政府补助与公司绩效之间的关系,并分析研发投入在政府补助与公司绩效间所起到的中介效应。通过实证分析得出:政府补助与公司绩效间存在显著的正相关关系;政府补助与研发投入之间存在显著的正相关关系;研发投入在政府补助与公司绩效之间起到了部分中介效应。

This paper took the data of agricultural listed companies from 2010 to 2017 as the research sample, took the RD input of companies as the intermediate variable, empirically tested the relationship between government subsidies and corporate performance of agricultural listed companies in China, and analyzed the mediating effect of RD input on the relationship between government subsidies and corporate performance. The empirical analysis shows that there is a significant positive correlation between government subsidies and corporate performance. There is a significant positive correlation between government subsidy and RD investment. RD investment plays a part of mediating effect between government subsidy and company performance.