Research On The Effect Of Financial Input On Enterprise Science And Technology Innovation

At present,technological innovation has become an important development strategy in many countries or regions,the international competitiveness of the focus on independent innovation as the core technology ability,many countries have formulated the detailed development plan for the construction of an innovative country.In order to continue to occupy the international market as a strategic advantage,and on the world political and economic situation in the formation of control,many developed countries are constantly strengthen technological innovation and R&D investment,to ensure that they win the competition advantage in the aspects of science and technology.The allocation of global resources of science and technology,as well as challenges for developing countries,but also to enhance the ability of national science and technology innovation provides an important opportunity.Enterprise is an important subject of scientific and technological innovation activities,as well as the vanguard of scientific and technological innovation activities.Scientific and technological innovation has a certain public goods attributes,and there is a high risk and uncertainty,these own attributes inhibit the enthusiasm of the enterprise R&D investment,resulting in the irrational allocation of social resources.Therefore,it is necessary for the government to encourage enterprises to carry out scientific and technological innovation activities and provide corresponding support.In order to encourage and support enterprises to engage in scientific and technological innovation,the government should provide financial support for the "market failure".Therefore,how to use the financial funds to encourage and support enterprises to carry out scientific and technological innovation activities has become the research object of many scholars.Financial science and technology investment from the form can be divided into direct financial subsidies,financial subsidies,etc,these two types of financial investment in science and technology needs of the government to make arrangements for the use of funds.The article thinks that the direct financial subsidies and the financial discount are not only different in the form of subsidies,but also have many different effects on the innovation of science and technology.The main differences are:the leading role,the conduction mechanism,the policy effect and so on.Government financial subsidies are a large amount of funds,time is short,quick,pertinence,prone to international countervailing litigation;financial discount with a small amount of money,long delay,strong but relatively passive lever etc..In addition,the article also uses an empirical model of the corresponding utility provides a rough estimate and compare,think the government should be based on two kinds of Finance and investment means the characteristics and differences,comprehensive analysis to determine which input mode can achieve the goal of government,and generally prepared and is expected to ensure the corresponding effect,the government's intention achieve.