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| The Influence of Finance Policy on Innovation Performance of Military-civilian Integration Enterprises:Analysis of the Mediating Effect based on Innovation Input |
| Li Congrong,Jia Mengfei,Han Qing |
| (School of Public Administration, Xi 'an University of Architecture and Technology, Xi 'an 710055,China) |
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Abstract Military-civilian integration strategy is proposed to promote technological innovation and improve economic efficiency,safeguard national defense and national security.Based on the panel data of 276 listed military-civilian fusion companies in China from 2008 to 2019, the thesis empirically explores the impact mechanism of fiscal policy on the innovation performance of military-civilian integration companies by using multiple regression models and intermediary effect models of current and lag periods.The results show that: financial subsidies have played a significant role in promoting the company's innovation performance in the current period and the innovation technology performance in the lag period, and have no significant impact on the innovation economic performance in the lag period; tax incentives can play a role in both the current and lagging innovation performance of the enterprise significant promotion effect; innovation investment has played a significant role in promoting innovation performance in the current period and innovation performance in the lagging period, but the impact on the lagging period is more significant.The intermediary effect of innovation input is significant in the financial subsidies on the current innovation technology performance and lagging innovation performance, and the tax incentives have significant effects on the current and lagging innovation performance.Tax incentives have a positive impact on the performance of current innovation technology through innovation investment.
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Received: 20 July 2020
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