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李亚飞:研发项目补贴V.S.政府创新奖励:来自企业创新的证据

发布日期:2024-10-11 信息来源:经管学院 浏览次数: 字号:[ ]

【美高梅app】This paper compares the effectiveness of R&D project subsidies and government innovation rewards. Using a dataset of China's listed companies from 2008 to 2019, we investigate the associations of these two innovation grants with corporate innovation. The results indicate that both R&D project subsidy and government innovation reward can increase corporate innovation output. However, only government innovation reward can encourage private R&D investment. In addition, R&D project subsidy serves as an incentive role through the governance and financing mechanisms, whereas the government innovation reward has only a governance mechanism. Furthermore, the R&D project subsidy has a relatively poor impact on large firms and state-owned enterprises (SOEs), whereas the government innovation reward can still motivate their innovation. This study contributes to the expanding body of literature by providing diverse evidence of innovation grants from the perspective of the government subsidizing stage.

【美高梅app】R&D project subsidy; Government innovation reward; Corporate innovation; Crowd-out effect; Substantive innovation

【美高梅app】Yafei Li, Xiaoqi Dong, Jinping Sun

【美獅薈澳門美高梅】美高梅app、中国人民大学应用经济学院、北京大学经济学院

【美高梅app】China Economic Review. 2024(88);102288

【美高梅app】National Social Science Foundation of China (Grant number: 23CJY022)

【美獅薈澳門美高梅】http://doi.org/10.1016/j.chieco.2024.102288

【美高梅app】Yafei Li CER2024.pdf


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