北京邮电大学学报(社会科学版) ›› 2020, Vol. 22 ›› Issue (4): 37-47.doi: 10.19722/j.cnki.1008-7729.2019.0410

• 经济与管理 • 上一篇    下一篇

政策性补贴对战略性新兴产业经营绩效的影响——基于研发投入与企业规模的传导效应研究

陈为(1961—),男,湖北应城人,博士,教授   

  1. 武汉理工大学 经济学院,湖北 武汉430070
  • 收稿日期:2019-12-18 出版日期:2020-08-30 发布日期:2020-09-19
  • 作者简介:陈为(1961—),男,湖北应城人,博士,教授

Impact of Policy Subsidies on Performance of Strategic Emerging Industries—Conduction Effect Based on R&D Investment and Enterprise Scale

  1. School of Economics, Wuhan University of Technology, Wuhan 430070, China
  • Received:2019-12-18 Online:2020-08-30 Published:2020-09-19

摘要:  文章基于战略性新兴产业微观企业数据实证检验了政府补贴、税收优惠对企业经营绩效的影响,并运用企业产权性质与市场化程度进行分组检验,考察不同维度政策工具的异质性影响,作为政策工具的稳健性检验。最后,基于结构方程的多重中介效应模型,进一步探讨了这一影响的内在传导机制。实证结果发现,基准回归结果中,政府补贴对战略性新兴产业经营绩效的提升产生了显著的促进作用,而税收优惠的实施效果不如政府补贴。传导效应研究中,研发投入的作用机制为遮掩效应,而不是中介效应,这主要是由于政府补贴在一定程度上挤出了企业自身研发投入。企业规模在抑制政策性补贴作用效果中的部分中介效应显著。

关键词: 战略性新兴产业, 政府补贴, 税收优惠, 经营绩效, 多重中介效应

Abstract:  The impact of government subsidies and tax incentives on business performance is empirically tested based on micro-enterprise data of strategic emerging industries And the property rights and the degree of marketization are used to conduct group tests, as a robustness test for policy tools to examine the heterogeneous impact of policy tools in different dimensions Finally, the multiple mediating effects model based on structural equations is used to further explore the internal conduction mechanism of this effect The empirical results show that: in the benchmark regression results, government subsidies have significantly promoted the improvement of the operating performance of strategic emerging industries, and tax incentives are not as effective as government subsidies In the study of conduction effects, the mechanism of R&D investment is a concealing effect, rather than an intermediary effect This is mainly because government subsidies have crowded out the company’s own R&D investment to a certain extent; while the enterprise scale is significant in inhibiting the partially intermediary effect in government subsidies effects

Key words: strategic emerging industries, government subsidies, tax incentives, business performance, multiple intermediary effects

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