DO R&D SUBSIDIES IMPROVE OPERATIONAL PERFORMANCE? NEW EVIDENCE FROM CHINA*

被引：7

作者：

Zhou, Qingjie ^{[2
]}

Du, Mingyue ^{[1
]}

Chen, Zhenling ^{[1
]}

Miao, Tianshun ^{[3
]}

Yang, Guoge ^{[4
]}

机构：

[1] Beijing Technol & Business Univ, Sch Econ, Beijing, Peoples R China

[2] Beijing Technol & Business Univ, Inst New Commercial Econ, Beijing, Peoples R China

[3] Beijing Technol & Business Univ, Sch Foreign Languages, Beijing, Peoples R China

[4] Xinjiang Univ, Sch Econ & Management, Urumqi, Xinjiang, Peoples R China

来源：

PRAGUE ECONOMIC PAPERS | 2022年 / 31卷 / 05期

关键词：

R&D subsidies; digital economy; operational performance;

D O I：

10.18267/j.pep.809

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The sustainable development of the digital economy has attracted wide attention. To ex-plore how to improve the operational performance of China's digital firms, this paper conducts an influence mechanism model to test the nonlinear effect, heterogeneity effects, and mediation effects using a panel data of China's digital firms from 2008 to 2017. The empirical results indicate that R&D subsidies have an inverted U-shaped effect on operational performance, and these results are still valid after a series of robustness tests. In addition, we find that R&D subsidies have a heterogeneous effect on operational performance in terms of region, company size, governance structure, and executive education background. Moreover, regarding the influence mechanism, R&D subsidies improve operational performance by improving innovation efficiency. This paper proposes some policy implications to improve the operational performance of China's digital firms.

引用

页码：398 / 416

页数：19

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