| 彭红星,王国顺.中国政府创新补贴的效应测度与分析[J].数量经济技术经济研究,2018,(1):77-93 |
| 中国政府创新补贴的效应测度与分析 |
| Measurement and Analysis of the Effect of Chinese Government Innovation Subsidy |
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| DOI： |
| 中文关键词: 政府创新 补贴‘高科技公司 政策效应 |
| 英文关键词: Government Innovation Subsidy High-tech Firm Policy Effect |
| 基金项目:本文获得国家自然科学基金面上项目“高管团队的权力分布及其经济后果研究”（71672003）、北京市社会科学基金青年项目“政府研发补贴对北京市科技企业创新绩效的影响及其优化路径研究”（16GLC044）和北京市属高校高水平教师队伍建设支持计划长城学者培养计划项目（CIT&TCD20170308）的资助。通讯作者：王国顺，邮箱：wanggs@th.btbu.edu.cn。感谢匿名评审专家的建议和意见。 |
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| 中文摘要: |
| 研究目标：测度和分析转型经济背景下中国政府创新补贴的政策效应。研究方法：利用A股高科技上市公司2009～2014年数据，运用OLS和PSM模型进行实证研究。研究发现：创新补贴显著地降低了高科技公司全要素生产率；当公司高管具有研发技术背景时，这一诅咒效应得到明显缓解；地区知识产权保护水平越高，公司TFP也越高。创新补贴的效应还表现在：导致公司过度投资和提高雇员冗余程度。研究创新：关注高管研发技术背景和知识产权保护程度的异质性特征；使用独特数据，采用OP和LP两种半参数方法测算公司TFP；从投资行为和社会负担视角做补充性分析。研究价值：对完善政府创新补贴政策顶层设计、优化创新环境具有较高的实际价值。 |
| 英文摘要: |
| Research Objectives：Measuring and analyzing the effect of the Chinese government innovation subsidy in the background of the transition economy. Research Methods：Empirical research based on the OLS and PSM models, taking A-share high-tech listed firms of China from 2009 to 2014 as the sample. Research Findings：The study shows that government innovation subsidy significantly reduces the TFP of high-tech firms; when the corporate executives have R&D technical background, the curse effect is being significantly alleviated; the higher level of intellectual property protection in the region, the higher TFP of firms. Further analysis documents that the effect of innovation subsidy: leads to over-investment and increases employee redundancy. Research Innovations：Pays full attention to the background of executives’ R&D and the degree of intellectual property protection; the use of a unique data settings and two semi-parametric method to calculate TFP; further analyzing the effect from the perspective of investment decision and social burden. Research Value：The conclusion has a practical implication for the improvement of innovation subsidy top design and the optimization of technological innovation environment. |
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