政府补贴、公司治理与种业企业创新  

Government subsidies, corporate governance and seed industry enterprises innovation

作　　者：余金湘 南永清 YU Jinxiang;NAN Yongqing(College of Economics and Management,Nanjing Agricultural University,Nanjing 210095,China;College of Government Audit,Nanjing Audit University,Nanjing 211815,China)

机构地区：[1]南京农业大学经济管理学院,江苏南京210095 [2]南京审计大学政府审计学院,江苏南京211815

出　　处：《山西农业大学学报(社会科学版)》2025年第2期71-84,共14页Journal of Shanxi Agricultural University:Social Science Edition

基　　金：国家社会科学基金重大项目“我国三大平原‘资源—要素—政策’相协调的粮食和生态‘双安全’研究”(20&ZD094)。

摘　　要：育种创新活动的高投入、高风险以及外部性使作为育种创新主体的企业创新动力不足,政府对种业企业的支持显得尤为重要。研究揭示了政府补贴影响种业企业创新投入的作用机制以及公司治理在其中的调节效应,并利用2006—2021年A股上市和新三板挂牌种子公司数据对上述机制进行了实证检验。结果表明:政府补贴对种业企业创新投入存在显著的促进作用;股权集中不利于将补贴资金合理配置到高风险和高收益的育种研发领域,股权制衡度增加会提升种业企业创新投入强度;此外,相较于非国有企业,政府补贴更有助于提高国有种业企业的创新投入。因此,政府不仅要继续加大对种业的补贴力度,而且要依据公司治理结构选择能够让补贴发挥更大作用的种业企业。The high investment,high risk and externality of breeding innovation activities make enterprises,which are the main body of breeding innovation,lack of innovation motivation,and the government's support for seed enterprises is particularly important.This study revealed the role of mechanism of government subsidies in affecting the innovation input of seed enterprises and the regulatory effect of corporate governance in it,and uses the data of seed companies listed on the A-share market and the new three-board market from 2006 to 2021 to empirically test the above mechanism.The results show that government subsidies have a significant promoting effect on the innovation input of seed enterprises.The concentration of equity is not conducive to the rational allocation of subsidy funds to high-risk and high-return breeding R&D fields,and the increase of equity balance will improve the innovation investment intensity of seed enterprises.In addition,compared with non-state-owned enterprises,government subsidies are more conducive to improving the innovation input of state-owned seed enterprises.Therefore,the government should not only continue to increase subsidies to the seed industry,but also choose seed enterprises that can make subsidies play a greater role according to the corporate governance structure.

关 键 词：政府补贴 公司治理 种业企业创新 

分 类 号：F273[经济管理—企业管理] F324[经济管理—国民经济]