论文部分内容阅读
产品多样化企业在研发战略上可能与产品单一型企业存在很大不同,这种区别可能会影响到对企业进行研发补贴的政策效果。在此背景下,以2008-2015年在上交所和深交所连续八年交易的所有非金融类上市公司为样本,研究中国研发补贴对企业研发投入的影响,并在此基础上验证企业产品多样化对研发补贴政策绩效的调节作用。实证结果发现:企业产品多样化的程度越高,研发补贴促进企业研发投入的政策绩效越差。结果表明,为了提高研发补贴政策的整体实施绩效,应减少对产品多样化程度过高的企业的资助,这一结果可以为如何科学合理的制定研发补贴政策提供参考建议。
Product Diversification Companies R & D strategies may be very different from product-only enterprises, and such differences may affect the policy effect of subsidizing R & D for enterprises. Against this background, this paper examines the impact of China’s R & D subsidy on R & D investment on the basis of a sample of all non-financial listed companies that have been traded in Shanghai Stock Exchange and Shenzhen Stock Exchange for eight consecutive years from 2008 to 2015. Based on this, The regulatory role of R & D subsidy policy performance. The empirical results show that: the higher the degree of product diversification, the worse the performance of R & D subsidies to promote R & D investment. The results show that in order to improve the overall performance of the R & D subsidy policy, the subsidy should be reduced for enterprises with too high product diversification level. This result can provide reference for how to formulate the R & D subsidy policy scientifically and rationally.