摘要
从控股股东性质、公司规模和政治关系等角度,实证检验了IT行业中政府补助对研发投入和上市公司业绩的影响机制。研究发现政府补助与当期研发投入显著负相关,规模越大,这一特征越明显;政府补助改善了公司业绩,但对当期业绩促进效果不显著,其业绩改善效果具有滞后性特征,具有政治关系的上市公司中政府补助的作用效果更明显。研究意义在于指出了政府补助对研发投入和公司业绩的作用效果,为决策部门制定补助政策提供了理论依据。
Government subsidy＇ s impact on R＆D and performance are studied in this paper combined with three factors. They are controlling holder＇ s character, size of the company and political relations. The results shows that subsidies are significant negatively correlated with R＆D investment especially in large companies. Subsidies are significant positively correlated with lagged this paper is to find subsidy＇ s impact and performance especially in political related companies. The meaning of provide theoretical support for public policy -makers.
出处
《经济问题》
CSSCI
北大核心
2014年第3期83-88,共6页
On Economic Problems
基金
国家哲学社会科学基金项目(13BJY015)
国家自然科学基金青年科学基金项目(71302132)
关键词
政府补助
研发投入
业绩
government subsidy
R＆D investment
performance
