Is the Inclusive Post-R &amp; D Subsidy Policy Effective:An Empirical Study of Enterprises in Guangdong

LI Kui; ZHANG Yue

Volume 34 Issue 5

May 2021

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LI Kui, ZHANG Yue. Is the Inclusive Post-R & D Subsidy Policy Effective:An Empirical Study of Enterprises in Guangdong[J]. Journal of Guangdong University of Finance & Economics, 2019, 34(5): 88-99.

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LI Kui, ZHANG Yue. Is the Inclusive Post-R & D Subsidy Policy Effective:An Empirical Study of Enterprises in Guangdong[J]. Journal of Guangdong University of Finance & Economics, 2019, 34(5): 88-99.

LI Kui, ZHANG Yue. Is the Inclusive Post-R & D Subsidy Policy Effective:An Empirical Study of Enterprises in Guangdong[J]. Journal of Guangdong University of Finance & Economics, 2019, 34(5): 88-99.

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Is the Inclusive Post-R & D Subsidy Policy Effective:An Empirical Study of Enterprises in Guangdong

LI Kui,
ZHANG Yue

South China University of Technology, Guangzhou 510006, China

Received Date: 2019-06-14
Available Online: 2021-05-22
Publish Date: 2019-10-28

Abstract

Abstract

More and more Innovation Bureaus in China have begun to use the post-R & D subsidy to stimulate enterprise innovation. It's a different policy from traditional R & D subsidy and tax-reduction, which can change the constraint of firm's R & D budget and the expectation of R & D input and output. Based on the panel data of firms which received the post-R & D subsidy in Guangdong from 2015-2017, this paper empirically examines the impact of post-R & D subsidy on firm's R & D investment. The results show that the post-R & D subsidy has a crowding effect on the firm's R & D investment, with a coefficient of 1. 208, that enterprise heterogeneity has a significant impact on policy effect, such as firm's size, growth stage and industry field, and that the post-R & D subsidy has significant time lag.
- enterprise R & D input,
- financial post-subsidy,
- inclusive policy,
- enterprise heterogeneity,
- govemmental R & D funding

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References(37)

References

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