Government subsidies and firm performance: Evidence from high-tech start-ups in China

被引：30

作者：

Luo, Xingwu ^{[1
]}

Huang, Feifei ^{[1
]}

Tang, Xiaobo ^{[2
]}

Li, Jialong ^{[3
]}

机构：

[1] Zhejiang Univ Finance & Econ, Sch Business Adm, Hangzhou 310018, Peoples R China

[2] Zhejiang Univ Finance & Econ, Dongfang Coll, Sch Business Adm, Haining 314408, Peoples R China

[3] Univ Newcaslte, Newcastle Business Sch, Hunter St & Auckland St, Newcastle, NSW 2300, Australia

来源：

EMERGING MARKETS REVIEW | 2021年 / 49卷

基金：

中国国家社会科学基金;

关键词：

Government subsidy; Sustainable entrepreneurial finance; Technological start-ups; Performance; SUSTAINABLE ENTREPRENEURSHIP; LEGITIMACY; STRATEGY; MARKET;

D O I：

10.1016/j.ememar.2020.100756

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study applies fsQCA to examine the effectiveness of government subsidies on the performance of high-tech start-ups under different configurations. We find that 1) selective subsidies can help ventures maintain high-performance regardless of the legal environment in which startups operate; and 2) start-ups with non-selective subsidies do not necessarily have highperformance if they operate in regions with weak legal protection and face strong market competition. We contribute to the literature by emphasizing that the effectiveness of government subsidies relies on the interplay of firm attributes and legal environment. Our findings also have practical implications for government support of sustainable entrepreneurs.

引用

页数：10

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