| At present, enhancing technology innovation has been the center of multiple activities which include adjustment of economic structure, transformation of economic growth pattern and improvement of national competitiveness. To encourage technological and innovative activities of enterprises, it urgently needs to increase governmental S&T investment. Recently, High-tech industry has become the principal means of competition between nations. The Chinese government invested a large high-tech enterprises the proportion of governmental S&T investment showed an increasing trend, decreasing trend of medium-sized high-tech enterprises. Therefore, under the condition, the governmental S&T investment is needed to improve the conditions of scientific and technological input. So it is great practical significance to make the in-depth and systematic study on the effects of technological innovation, because it can not only provide foundation for enterprises to optimize resources configurations but also improve the government's guidance and control capabilities of the technological innovation, which enhances the technological competitiveness and core competitiveness.Through the improvement on D'Aspremont C and Jacquemin A models, the paper shows theoretical and mechanism analysis on how technology import of high-tech industry and governmental S&T investment have impact on company's technological innovation. Secondly, this paper intensively studies the factors of technology innovation, finds the three paths of impacting of governmental S&T Investment on technological innovation, and research the affected mechanism of different sizes firms; Finally, based on company's technological innovation system mode in the mechanism analysis, structuring company's technological innovation two parts regression mode and selecting high-tech industries related data, analysis of impact on technological innovation from governmental S&T investment among different industries with different abilities of innovation has been obtained by adopting conventional panel data regression method to process empirical study and quantile regression method to grade levels of different industries with different innovation abilities.Through study, research and analysis, following conclusions have been acknowledged:(1)Governmental S&T investment have positive impact on technological innovation.(2)Depends on the sizes of companies, governmental S&T investment has positive impact on technological innovation in the different size firms. And in comparison, the leverage effect of governmental S&T investment in Medium-sized enterprises is much more obvious.(3) Among industries with different abilities of innovation, leverage impact from governmental S&T investment will be increased if the industry has higher abilities of innovation. It's a similar effect of governmental S&T investment to the Medium-sized enterprises. The positive effect of governmental S&T investment presents U shape characteristics in large size firms. |
PDF Full Text Request