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| Performance Evaluation of New HighTech Enterprise Certification Policy in China:based on DifferenceinDifference Model Empirical Analysis |
| Zeng Jingjing1, Gong Qihui2, Wang Qing1 |
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Abstract Performance evaluation of Newhigh Tech enterprise certification policy is an important policy to support and encourage the development of high and new technology enterprises, but the effect of which is still unclear. On the basis of data in database China's industrial enterprises in 2007,2010 and 2011, the paper uses DifferenceinDifference model to test our hypothesis. Through the empirical study, it gets the conclusion: first, the identification policy of hitech enterprises helped to enhance market value and market share of enterprises; second, the impact of the policy on the growth of corporate R&D input was not significant; third, the policy had more important influence on large enterprises related to the small and mediumsized enterprises. Based on the empirical results, it puts forward the corresponding policy suggestions to provide inspiration for policy improvement.
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