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以2007~2013年的民营上市公司为样本,从直接影响与间接影响的角度,分析了研发补助对企业财务业绩的影响机理。研究发现,获得研发补助有利于企业提升财务业绩,这种提升作用短期内主要源于企业获得补助后将其计入损益的会计处理方式,而就长期而言,研发补助通过与销售收入共同发生作用,在提升企业财务业绩方面做出了更大的贡献。另外,企业的政治关联、大股东持有现金流权、研发强度等因素对研发补助的资助效果也有不同程度的影响。
Taking the private listed companies from 2007 to 2013 as samples, this paper analyzes the impact mechanism of R & D subsidy on the financial performance of enterprises from the perspective of direct impact and indirect impact. The research found that getting subsidies for R & D is good for enterprises to improve their financial performance, which is mainly due to the short-term accounting treatment of enterprises after they get subsidies, and in the long run, R & D subsidies take place together with sales revenue Role in improving the financial performance of enterprises made a greater contribution. In addition, the political affiliation of enterprises, cash flow rights held by major shareholders, research and development intensity and other factors also have varying degrees of impact on the subsidies for R & D subsidies.