Economics, Econometrics and Finance
8 years ago

Government subsidies boost technology innovation efficiency in large enterprises.

The Journal of Financial Research
Government's R&D Subsidies and Enterprise Technology Innovation:An Empirical Analysis based on the Perspective of Efficiency
Li Jin

Paper Summary

Government's subsidies for research and development in China positively impact technology innovation efficiency in large and medium-sized industrial enterprises. The enterprises' own investment in research and development also enhances the utilization of these subsidies. However, the size and type of ownership of the firm do not significantly affect the outcomes.

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