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The Analysis Of Government Subsidy Affects To Small And Medium-sized Technology Enterprise Of Technological Innovation

Posted on:2019-04-06Degree:MasterType:Thesis
Country:ChinaCandidate:M J YanFull Text:PDF
GTID:2429330545973089Subject:applied economics
Abstract/Summary:PDF Full Text Request
Now,in a new round of industrial revolution,global industry is transform to more intelligent,informational,and network,the appearance of green economy makes the enterprises pay more attention to sustainable development,so that the enterprise product structure is transform with a new direction.Our country,as the second largest economy after The United States,the adjustment of its internal economic structure is related to the basic of whether our country economy can maintain and pursue the former.Because of the restriction of our country previous level,our country is under a label of “manufacturing country” for a long time,as long as the development of science and technology,our country's label is transform to “innovation country”.In 2015,the government work report also included “mass entrepreneurship and innovation”,and became the new engine of China's social and economic development through the way of innovation driven development.The party's nineteen major reports point out that innovation is the first driving force for development and the strategic support for building a modern economic system.We must aim at the forefront of world science and technology,strengthen basic research,achieve forward-looking basic research,and make major breakthroughs in leading original achievements.The government subsidy is the important way to encourage and support our country's “mass innovation”.Under the guidance of a series of policies,such as the strategy of rejuvenating the country and the structural reform of the supply side,our government invests a large amount of money to fund and reward technological innovation activities,and it gained some achievement,the level of country's technology has been greatly improved.But enterprises are still in the bottleneck period of technological innovation,and the technology capability of enterprises needs to be improved.Therefore,based on the above background,this thesis studies the effect of government subsidy on the enterprise's innovation and micro mechanism through the enterprise financial perspective.This including seven page.Based on the analysis of government subsidy effect of small and medium-sized enterprise technology innovation,and including the micro indicators of enterprise capital structure,financial structure and financial restriction,analysis the micro mechanism of the government subsidy's effect on enterprise technology innovation.Through the analysis of the company's financial data in Shenzhen and Shanghai stock market of the small and medium-sized plate and the entrepreneurship plate in 2012-2016,empirical analysis the effects of government subsidies of small and mid-sized enterprise technology innovation.Through research,this thesis found that the government subsidy can effect promote the input and output of technological enterprises in technology innovation,and this promotion effect has continuity.When the asset-liability ratio of the enterprise exceeds a certain level,it will affect the balance of the enterprise capital structure,thus restraining the promotion effect of government subsidy.And when enterprise operating performance is good,the enterprise which have high cash levels is more sensitive to government subsidies than other enterprises,and it's technology innovation productivity is much higher than the same industry enterprise.At the same time,the financial constraints can hinder the technological innovation of enterprises and significantly influence the absorption and utilization of government subsidies.
Keywords/Search Tags:Government subsidy, Science small and medium-sized enterprises, Technological innovation, Utility analysis
PDF Full Text Request
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