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The Impact of Government Subsidies on Enterprise Innovation Behavior |
Gu Yang |
(School of Public Management, Huazhong University of Science and Technology, Wuhan 430074,China) |
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Abstract This paper selects high-tech enterprises from 2011 to 2017 as research samples. Mixed OLS, fixed effect model and GMM model are used to analyze the promotion effect of government subsidies on innovation and research of high-tech enterprises. Conclusion: government subsidies can promote the innovation and research of high-tech enterprises, but for high-tech enterprises in different regions and industries, the government subsidies vary in intensity. For different regions, government subsidies have a significant incentive effect on first-tier cities and enterprises' innovation input and output, while for second-tier and third-tier cities, the incentive effect on enterprises' innovation input and output is relatively weak. For different industries, the government increases targeted financial subsidies to certain manufacturing industries, such as railway, ship, aerospace and other transportation equipment manufacturing, computer, communications and other electronic equipment manufacturing. Finally, for these problems, further analysis of the reasons and put forward policy recommendations.
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Received: 07 July 2019
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