“抢人”政策对高新技术企业市场价值的影响  

The effect of S&T talent-attracting policies on the market value of high-tech enterprises

作　　者：张岩[1] 吴芳 Zhang Yan;Wu Fang(School of Accountancy,Jiangxi University of Finance and Economics,Nanchang 330013,Jiangxi,China)

机构地区：[1]江西财经大学会计学院,江西南昌330013

出　　处：《科研管理》2022年第3期72-78,共7页Science Research Management

基　　金：国家自然科学基金:“定向增发新股、中介监督与盈余管理研究”(71772081,2018.01—2021.12);国家自然科学基金:“发审委审核质量研究:评价、影响因素与问责机制”(71862015,2019.01—2022.12);国家自然科学基金:“承销商跟投制度的治理效应研究:基于科创板的经验证据”(72062016,2021.01—2024.12);江西省教育厅科技项目:“地方人才政策对区域内企业创新绩效影响研究”(GJJ200514,2021.01—2022.12)。

摘　　要：供给侧改革和创新驱动发展战略的实施引发了国内多个大中城市对人才的激烈争夺。本文运用事件研究法探讨2017年1月至2018年5月我国14个城市出台的“抢人”政策对当地高新技术企业市场价值的影响及其作用机制。实证结果显示:“抢人”政策有助于提升当地高新技术企业的市场价值;上述效应在高科技产业聚集度和城市宜居程度较高的地区均更为显著。从作用机制上看,“抢人”政策对高新技术企业价值的提升是通过人才红利而非人口红利机制实现的。本文的结论从理论上丰富了政府人才政策与当地创新绩效关系的研究,在实践上为地方政府制定或优化人才政策提供有益的参考。Recently,a new wave of S&T talents scramble battles has been started in many Chinese cities.They formulated different kinds of favorable policies to attract S&T talents with either high degree or high skill from home and abroad.These policies include permanent household registration,subsidy for housing purchase,settling-in allowances and public service in accordance with their education background or expertise.The main reason for this wave of battles for S&T talents is that China′s economy has been driven by extensive factors for a long time.However,the law of diminishing marginal returns indicates increasing downward pressure on China′s economy in recent years.In order to reverse this unfavorable situation,the Central Government put forward the Supply-Side Structural Reform and Innovation-Driven Development Strategy in time.Under such circumstance,local governments vigorously develop high-tech industries.Since research personnel are the driving force of innovation,more and more local governments have gradually transferred their development strategies from attracting investment to attracting S&T talents.This paper examines whether S&T talent-attracting policies can improve local innovation performance and what are the main influencing factors.Most studies on the relationship between the local government and regional innovation performance were conducted from the perspective of capital.However,whether a firm can innovate successfully requires not only sufficient funds,but also a large number of S&T talents.In this case,this paper aims at examining the relationship between local governments′S&T talents support and regional innovation performance based on the issuance of S&T talent-attracting policies by major cities in China from January 2017 to May 2018.It uses the event study method to analyze the effect of S&T talent-attracting policies on the firm value of high-tech enterprises,and the internal mechanism.The research show that S&T talent-attracting policies can help improve local innovation performance,an

关 键 词：“抢人”政策 产业聚集度 宜居度 人才红利 

分 类 号：F241.2[经济管理—劳动经济]