政府创新补贴对企业新质生产力的影响研究

A Study of the Impact of Government Innovation Subsidies on Firms

摘要:

政府创新补贴对企业新质生产力的发展具有重要意义。选取 2011—2022 年 A 股非金融类上市公司为研究样本,采用双向固定效应模型评估了政府创新补贴对企业新质生产力的作用效果。研究发现:政府创新补贴显著促进了企业新质生产力发展水平,此结论经一系列稳健性检验后依然成立,进一步研究发现事前补贴相对于事后补贴对企业新质生产力的影响更为显著。作用机制分析表明,政府创新补贴能通过刺激企业“ 想发展” 的意愿、提升企业“会发展” 的能力及鼓励企业“敢发展” ,进而来促进企业新质生产力的发展。异质性分析表明,政府创新补贴对东部地区企业、成熟期企业及战略性新兴产业企业新质生产力促进作用更为明显。进一步研究发现,政府创新补贴可以提高管理层数字创新关注度和数字技术创新绩效。文章丰富了政府创新补贴政策的经济后果研究,加深了企业新质生产力发展的内在逻辑研究。

Abstract:

Government innovation subsidies are of great significance to the development of new quality productive forces of enterprises. Selecting A-share non-financial listed companies from 2011 to 2022 as the research sample, a two-way fixed fixed-effects model was used to assess the effect of government innovation subsidies on the new quality productive forces of enterprises. It is found that government innovation subsidies significantly promote the development level of firms’ new quality productive forces, and this conclusion still holds after a series of robustness tests. Further research finds that ex ante subsidies have a more significant effect on firms’ new quality productive forces than ex-post subsidies. The analysis of the mechanism of action shows that government innovation subsidies can stimulate the willingness of enterprises to “ want to develop”, enhance the ability of enterprises to “know how to develop”, and encourage enterprises to “dare to develop”, and then promote the development of new quality productive forces of enterprises. Promote the development of new quality productive forces of enterprises. Heterogeneity analysis shows that government innovation subsidies have a more obvious effect on the promotion of new quality productive forces of enterprises in the eastern region, mature enterprises and enterprises in strategic emerging industries. Further research finds that government innovation subsidies can improve management’s digital innovation attention and digital technology innovation performance. It enriches the study on the economic consequences of government innovation subsidy policy and deepens the study on the internal logic of the development of new quality productive forces of enterprises.