Effect of government R&D subsidies on firms' innovation in China

被引：33

作者：

Wu, Ruirui ^{[1
]}

Liu, Zhiying ^{[1
]}

Ma, Chaoliang ^{[2
]}

Chen, Xiafei ^{[3
]}

机构：

[1] Univ Sci & Technol China, Sch Management, Hefei, Anhui, Peoples R China

[2] China Dev Inst, Postdoctoral Workstn, Shenzhen, Guangdong, Peoples R China

[3] Zhejiang Univ, Sch Management, Hangzhou, Zhejiang, Peoples R China

来源：

ASIAN JOURNAL OF TECHNOLOGY INNOVATION | 2020年 / 28卷 / 01期

关键词：

China; transitional economy; R&D subsidies; PSM; continuous matching; EMPIRICAL-EVIDENCE; PROPENSITY SCORE; STATE OWNERSHIP; PERFORMANCE; SUPPORT; IMPACT; POLICY; MARKET; DETERMINANTS; INVESTMENT;

D O I：

10.1080/19761597.2019.1693901

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study investigates the effects of R&D subsidies on firms' innovation using panel data of Chinese listed firms from 2008 to 2013. Through propensity score matching method, we determine that recurrent, high-tech firms are more likely to receive public grants. Moreover, firms affiliated with higher-level governments and located in minimally marketised regions have a higher probability of receiving government financial support. China's state intervention to correct market failure related to firms' R&D activity is confirmed to be reasonable in an observable time given an instantaneous additionality effect. However, the stimulation effect of R&D subsidies on innovation outputs has not been verified. Results obtained through a continuous matching method show no optimal amount of R&D subsidies for firms in China, but a declining yet a positive marginal effect of treatment has been identified given an increase in the amount of R&D subsidies.

引用

页码：42 / 59

页数：18

共 50 条

[1] Government R&D subsidies and the manipulative innovation strategy of Chinese renewable energy firms
Ying, Qianwei
Yang, Shanye
He, Siyi
ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA, 2022,
[2] The Impact of R&D Subsidies and Non-R&D Subsidies on Innovation Output of Biopharmaceutical Firms
Li, Qing
Liu, Qingqing
Di, Jie
SCIENCE TECHNOLOGY AND SOCIETY, 2023, 28 (02) : 319 - 341
[3] Effect of innovation disclosure in annual reports on R&D subsidies in China
Zhou, Wei
Pan, Xiaofei
Wu, Yiping
JOURNAL OF ACCOUNTING LITERATURE, 2024,
[4] Political connection,government R&D subsidies and innovation efficiency: Evidence from China
Wang, Lanfang
Wang, Yue
Zhou, Jing
FINANCE RESEARCH LETTERS, 2022, 48
[5] Substantive or strategic: Government R&D subsidies and green innovation
Zhang, Zeyi
Luo, Xuehua
Du, Jiating
Xu, Baoliang
FINANCE RESEARCH LETTERS, 2024, 67
[6] Do government subsidies stimulate firms' R&D efforts? Empirical evidence from China
Sun, Xiaohua
Yu, Runqun
Wang, Yun
Colombage, Sisira R. N.
ASIAN JOURNAL OF TECHNOLOGY INNOVATION, 2020, 28 (02) : 163 - 180
[7] The signal effect of Government R&D Subsidies in China: Does ownership matter?
Wu, Aihua
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2017, 117 : 339 - 345
[8] The certification effect of government R&D subsidies on innovative entrepreneurial firms' access to bank finance: evidence from China
Li, Li
Chen, Jean
Gao, Hongli
Xie, Li
SMALL BUSINESS ECONOMICS, 2019, 52 (01) : 241 - 259
[9] The certification effect of government R&D subsidies on innovative entrepreneurial firms’ access to bank finance: evidence from China
Li Li
Jean Chen
Hongli Gao
Li Xie
Small Business Economics, 2019, 52 : 241 - 259
[10] Government subsidies, R&D investment and innovation performance: analysis from pharmaceutical sector in China
Xu, Jian
Wang, Xiuhua
Liu, Feng
TECHNOLOGY ANALYSIS & STRATEGIC MANAGEMENT, 2021, 33 (05) : 535 - 553

← 1 2 3 4 5 →