The Research On Efficiency Of Government Subsidies To High-tech Enterprises

This paper takes all the high-tech enterprises,initial Public Offerings in Shanghai and Shenzhen,as the research samples,from the proportion of intangible assets,fixed assets to total assets,and the proportion of R & D expenditure?fixed assets building expenditure to the main business income,the high-tech enterprises are a kind of enterprise that high intangible assets and fixed assets,the annual high research and development expenditure and fixed asset construction expenditure and high market value.The article also made statistics of the two markets' high-tech enterprises government subsidies in the proportion of net profit,and compared with the traditional enterprises,statistics found that the indicators of high-tech enterprises is about four times than the traditional enterprises,at the same time,compared with the traditional enterprises,high-tech enterprises get more government subsidies.The characteristics of high-tech enterprises determine that the type of business is a class of high-investment,high-risk enterprises,if simply rely on the enterprise itself to get funds through the market,it is difficult to bear the high cost of the previous high-tech industry and development will be Hindering,so the development of such enterprises requires government intervention,they should get more government subsidies,statistics show that,in fact,the government does have more care for such enterprises.So,how are the benefits of huge government subsidies? is it really beneficial to the healthy development of high-tech enterprises,or the mismatch of resources?This paper used the case study method,in order to try to exclude other factors,selected the another enterprise that assets scale are similar,the industry name of SFC from the categories,middle class and small class are the same,the two high-tech enterprises,one of get huge government subsidies,the other one without government subsidies,the two companies made a comparative study.Government subsidies for the development of high-tech enterprises played a catalytic role in accelerating the development process of enterprises.The statistical results and case analysis conclusions of this paper have important practical significance on perfecting government subsidy system and promoting industrial transformation and upgrading.