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An Empirical Study On The Influence Of S&T Financial Policies On Technological Innovation Of Sci-tech SMEs

Posted on:2019-11-08Degree:MasterType:Thesis
Country:ChinaCandidate:J H WangFull Text:PDF
GTID:2429330551956045Subject:Accounting
Abstract/Summary:PDF Full Text Request
China's "13th Five-Year Plan" proposes that,with the goal of building a strong power in science and technology,it must fully implement the national innovation driven development strategy and promote the technological innovation influence in the healthy development of the economy.The Sci-tech SMEs is an important foundation for achieving “Public entrepreneurship and innovation” targets and thus,a number of relevant financial policies have been introduced to promote the Sci-tech SMEs' innovation and development.In December 2015,the Central Economic Conference proposed that the periodical characteristic is important and therefore,it is necessary to consider the business cycle and the periodical characteristic of Sci-tech SMEs when studying the influence of S&T financial policies on technology innovation of Sci-tech SMEs.This paper systematically analyses the influence of S&T financial policies on the technological innovation investment,output and efficiency of Sci-tech SMEs,and furthermore the influence of S&T financial policies on the technological innovation investment,output,and efficiency of Sci-tech SMEs in different life cycles is studied from the perspective of the enterprise life cycle,by using the sample of listed SMEs which meets the requirements of the Sci-tech SMEs industry during 2012 to 2016.The study found that: S&T financial policies could significantly promote the investment on technological innovation and the output of Sci-tech SMEs,and promote the improvement of the technological innovation efficiency to a certain extent.The cash flow method could be used to the classification study on the life cycle of Sci-tech SMEs and concluded that the support of S&T financial policies for the growing Sci-tech SMEs can significantly promote and protect the technological innovation investment,output and efficiency of enterprises.For the mature Sci-tech SMEs,the government subsidy policies promotes the technological innovation investment and output of enterprises,while the tax preference policies do not have a significant role to promote;the government subsidy policies and the tax preference policies' influence on the promotion of the technological innovation efficiency of Sci-tech SMEs are not compelling.For the recession stage,the government subsidy policies have positive influence,which are less than that for the growth-stage enterprises on the technological innovation investment,output,and efficiency of the enterprise.However,the incentives influence of tax preference policies for its technological innovation investment,output and efficiency are not obvious.This study enriches the existing research on S&T financial policies and technological innovation,and provides policy inspiration for the development of Sci-tech SMEs.
Keywords/Search Tags:Government subsidies, Tax preference, Sci-tech SMEs, Technological innovation, Enterprise Life Cycle
PDF Full Text Request
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