政府R&D补贴、企业技术创新及其创值能力研究  

Impact of R&D Subsidy on Firm Innovation and Value Creation

作　　者：邹彩芬[1] 刘双[2] 代亚利[1] 

机构地区：[1]武汉纺织大学会计学院,湖北武汉430073 [2]武汉纺织大学管理学院,湖北武汉430073

出　　处：《中国科技论坛》2014年第5期20-26,共7页Forum on Science and Technology in China

基　　金：教育部人文社科基金(09YJC630183);湖北省教育厅人文社科基金(13g304)

摘　　要：本文首先评析了技术创新中的需求拉动论、技术推动论与政府引导论,然后以装备制造业中的专用设备上市公司2009—2011年数据作为研究样本,实证检验了政府补贴、市场需求与企业技术创新之间的关系,特别是考察市场需求是否具有中介或调节效应。最后以国家自主创新示范区东湖高新区内精伦电子、华中数控等企业为案例进一步阐明了这三者之间的关系。研究发现,政府补贴和市场需求与企业R&D投入显著正相关,市场需求对政府补贴与企业R&D投入之间不存在中介效应。研发投入与企业创值能力显著正相关,市场需求对企业R&D投入与创值能力有显著的正调节效应,而政府补贴对R&D投入与企业创值能力存在显著负调节效应。政府补贴与企业盈利能力显著正相关。This paper reviews the argumentation of innovation driving factor-demand-pull theory, technology-push theory and govern- ment-led theory. It takes the sample of special equipment sector of the equipment manufacturing industry as an empirical test of the rela- tionship between the government R＆D subsidy, market demand and firm innovation. The paper focuses on whether market demand has a mediating or moderating effect. The cases of Jinglun Electronic and Huazhong CNC demonstrate a further evidence for the relationship of the above three. The results implicate that both government subsidy and market demand are positively related to finn R＆D invest- menL Market demand has no mediating effect on the relationship between government subsidies and finn R＆D investment. R＆D investment has a significant positive effect on value creation ability, but an insignificant negative effect on profitability. Market demand has a positive moderating impact on R＆D investment and value creation ability. However, government R＆D subsidy shows a negative moderating effect. Government subsidy exposes a significant positive effect on performance.

关 键 词：政府补贴 市场需求 创值能力 装备制造业 

分 类 号：F062.3[经济管理—政治经济学]