Business School, Northwest University of Political Science and Law, Xi'an 710122, China
Based on the two aspects of government R&D subsidies on innovation performance and behavior,this paper analyzes the influence mechanism of R&D subsidies on enterprise innovation and illustrates the different mechanism of incentive effect, crowding out and signal effect, and analyzes the enterprise scale and ownership to influence the effectiveness of the government R&D subsidies. It is found that government R&D subsidies can promote and inhibit the innovation activities of enterprises,but the influence mechanisms are different. Meanwhile, differences in enterprise size and ownership nature will affect the effect of government R&D subsidies. Therefore, in order to reasonably plan the allocation of government R&D subsidies and maximize the effect , government can formulate targeted funding methods from the aspects of setting reasonable subsidy intensity and attaching importance to innovation behaviors of non-state-owned enterprises.
government R&D subsidies; innovation performance; innovation behavior; impact mechanism; influencing factor
Dandan Li. Research on the Effect of Government R&D Subsidies on Innovation Performance and Behavior of Enterprises Academic Journal of Business & Management (2020) Vol. 2, Issue 7: 117-126. https://doi.org/10.25236/AJBM.2020.020713.
 M.Meuleman,W.D. Maeseneire(2012).Do R&D subsidies affect SME's: access to external financing. Research Policy, vol.41, no.3, p. 580-591.
 F.B.Zhang, H.Z.Wang Huizong(2019). R&D enterprise investment, government funding and innovation performance from the perspective of heterogeneity: An Empirical Study Based on micro panel counting model. Economic and management review, vol.35, no.2, p.80-92.
 D.X.Wang, X.Li (2017). Government subsidies, political connections and enterprise innovation investment. Financial research, vol.35, no.40, p.79-89.
 H.T. Sabrina(2017). Financing Innovation: Evidence from R&D Grants. American Economic Review, vol.107, no.4, p. 1136-1164.
 R.P.Bronzini(2016). The impact of R&D subsidies on firm innovation.Research Policy, vol.45, no.1, p. 442-457.
 P.David P ,B.Hall ,A.A. Toole(2019).Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence.Research Policy, vol.29, no.1, p.497-529.
 H.W.Qiao, Y.N.Zhu(2019). Can tax sharing incentive promote the innovation of listed companies? Economic and management review, vol.35, no.1, p.83-94.
 K.Zhao, H.Y.Wang(2018). Bidirectional dynamic coupling and nonlinear relationship between Government R&D subsidy policy and enterprise innovation decision .Economic theory and economic management, vol.329, no.5, p. 45-58..
 B.Philipp(2016). The allocation and effectiveness of China's R&D subsidies -Evidence from listed firms. Research Policy, vol.45, no.5, p.1774-1789.
 Q.L.Mao, J.Y.Xu(2015). The impact of government subsidies on enterprise new product innovation: Based on the perspective of "moderate range" of subsidy intensity. China industrial economy, vol.35, no.6, p.94-107
 Y.H.Zhou,Y.L.Pu,S.Y. Chen (2015). Government support and new industrial development - Taking new energy as an example .Economic research, vol.50, no.6, p.147-161.
 M.Shao, Q.Bao (2012). Government subsidies and enterprise productivity: An Empirical Analysis Based on China's industrial enterprises. China industrial economy, vol.25, no.7, p.70-82.
 M.Hirschey.H.Skiba ,M.B.Wintoki(2012).The size,concentration and evolution of corporate R&D spending in US firms from 1976to 2010: Evidence and implications. Journal of Corporate Finance,vol.18, no.3, p.496-518.