行为额外性视角政府补助对企业合作创新的驱动机制--公司治理与要素市场的调节作用  

The Driving Mechanism of Government Subsidy to Enterprise Cooperative Innovation from the Perspective of Behavior Additivity:The Moderation Effects of Corporate Governance and Factor Market

作　　者：蒋樟生[1,2] 周洁 Jiang Zhangsheng;Zhou Jie(School of Business Administration,Zhejiang Gongshang University,Hangzhou 310018,China;Zheshang ResearchInstitute,Zhejiang Gongshang University,Hangzhou 310018,China)

机构地区：[1]浙江工商大学工商管理学院,杭州310018 [2]浙江工商大学浙商研究院,杭州310018

出　　处：《技术经济》2021年第10期23-34,共12页Journal of Technology Economics

基　　金：教育部人文社会科学研究规划基金项目“数字资源与技术机会视角期望绩效差距对企业战略转型的影响机制及作用路径研究”(21YJA630037);研究阐释党的十九届五中全会精神国家社会科学基金重点项目“新一轮科技革命背景下提升我国制造业企业数字化能力的模式与路径研究”(21AZD023)。

摘　　要：以2010—2018年中国沪深A股490家制造业上市公司为研究样本,从行为额外性视角,研究政府补助对企业合作创新的驱动机制,并进一步分析公司治理与要素市场因素在其中的调节作用,研究发现:第一,政府补助可从资金、信号、项目三方面作用驱动企业合作创新的形成;第二,公司治理水平越高,政府补助驱动机制越能得到有效放大,从而进一步驱动企业间合作创新;第三,所在要素市场发育程度越高,市场资源配置越加合理,企业更加倾向于采取R&D活动来获得超额收益,政府补助也越能发挥更好的资源引导驱动作用。本文的研究发现为全面了解政府补助作用机制、调控政府补助实施效果及促进制造企业加快转型升级提供一定的理论支持与参考。Taking 490 A-share manufacturing listed companies in Shanghai and Shenzhen from 2010 to 2018 as research samples.Studying the driving mechanism of government subsidies to enterprise cooperative innovation from the perspective of behavioral additionality,and further analyzes the moderation role of corporate governance and factor market factors in it.It is found that:First,government subsidies can drive the formation of enterprise cooperative innovation from three aspects:capital,signal and project.Second,the higher the level of corporate governance,the more effective the government subsidy driving mechanism can be amplified,thus further driving cooperation innovation among enterprises.Third,the higher the development degree of the factor market,the more reasonable the allocation of market resources.Enterprises are more inclined to take R&D activities to obtain excess returns,and government subsidies can play a better role in guiding and driving resources.The research findings provide some theoretical support and reference for fully understanding the mechanism of government subsidies,regulating the implementation effect of government subsidies and accelerating the transformation and upgrading of manufacturing enterprises.

关 键 词：政府补助 合作创新 公司治理 要素市场 

分 类 号：F273.1[经济管理—企业管理]