摘要
政府为企业提供科技资助是为了激励企业创新活动,而不同的资助方式可能对企业创新活动产生不同的影响。将政府科技资助分为成本分摊型和绩效奖励型两类,并考虑风险投资的调节作用,以2011—2015年我国创业板上市公司为样本,分析不同的资助方式对企业创新投入的影响,结果发现:成本分摊型资助对企业的创新投入具有激励效应,而绩效奖励型资助对企业创新投入具有挤出效应;风险投资的参与强化了成本分摊型资助对创新投入的激励效应,削弱了绩效奖励型资助对创新投入的挤出效应。政府应加大成本分摊型科技资助力度,科技类企业则应积极引入风险投资,以促进创新投入增长。
Governmental RD subsidy for the enterprises aims to encourage the innovation activities of the enterprises but different supporting methods may produce different impacts on the enterprises innovation activities.This paper divides government RD subsidy into two types,namely cost-sharing subsidy and performance-rewarding subsidy,considers the regulation role of venture capital,and uses the data of the listed companies on the GEM from2011 to 2015 to explore the impacts of two different kinds of subsidies on the innovation input.The results show that the cost-sharing subsidy promotes the firms ＇ innovation input,while the performance-rewarding subsidy has crowding-out effect on the firms＇ innovation input.Further grouping studies show that the participation of venture capital strengthens the positive effect of cost-sharing subsidy on the innovation input,and it weakens the crowdingout effect of performance-rewarding subsidy on the innovation input.Governments should boost cost-sharing RD subsidy,RD type enterprises should actively bring in venture capital so as to promote innovative input growth.
出处
《西部论坛》
CSSCI
北大核心
2018年第1期100-108,共9页
West Forum
关键词
政府科技资助
成本分摊型资助
绩效奖励型资助
创新投入
风险投资
激励效应
挤出效应
governmental R＆D subsidy
cost-sharing subsidy
performance-rewarding subsidy
innovation input
venture capital
incentive effect
crowding-out effect
作者简介
魏芳（1991）,女,湖北宜昌人;博士研究生,在南京大学商学院学习,主要从事战略管理和公司治理研究;Tel：18362913670,E-mail：898818500@qq.com.;耿修林（1965）,男,安徽马鞍山人;教授,博士,在南京大学商学院任教,主要从事经济统计与计量分析研究;Tel：13505196705,E-mail：gxl_nju@163.com.
