Government R&D Subsidies,Enterprise R&D Investment And Innovation Performance

"13th FiveYear"planning emphasis to the core position of innovation in the country's overall development.In particular,China's enterprises are in a fierce competition environment,and the level of innovation is relatively backward in the developed countries.Therefore,how to provide a good environment for enterprise R & D activities,improve the technological innovation ability of enterprises,enhance the comprehensive national strength of our country,build an innovative country,and make technological progress become a powerful support for economic growth is one of the most important tasks of our country.Firstly,through the comparison of China's overall R&D investment and enterprise R&D investment,enterprises have become the main force in R&D in China,whether in R&D investment or in the development of human input,enterprises are paying more and more attention to research and development activities,and the government is mainly as regulation and service function role,through direct subsidies to enterprise innovation is beneficial to the enterprise development activities,to further promote the development of investment enterprises,so as to achieve the optimal level of enterprise innovation performance.Secondly,specific to the micro level of enterprises,select representative innovative enterprises,take gem high-tech enterprises as research samples,and empirically analyze the relationship between Government R&D subsidies,R&D investment and enterprise innovation performance.Finally,in order to comprehensively study the effect of Government R&D subsidies on enterprise innovation activities,a research model of R&D subsidy,R&D investment and innovation performance is established by combining theoretical research with empirical research.The data of the GEM listed high-tech enterprises announced 2012-2016 years as research samples,research on the relationship between the introduction of the lag of Government R&D subsidies and the lag of corporate R & D investment and the current performance of enterprise innovation,but also from the mediating effect analysis,corporate R&D investment has an intermediary role in government subsidies and enterprise innovation development performance.The hypotheses were tested by multiple regression method and the following conclusions were drawn as follows:(1)Government R&D subsidies have a significant positive correlation with corporate innovation performance;the late R&D subsidies had a significant positivecorrelation with the current corporate innovation performance.(2)The Government R&D subsidies have a significant positive correlation to the R&D investment of the enterprise.(3)There is a significant positive correlation between R&D investment and innovation performance;late R&D investment has a significant positive correlation with the current innovation performance.(4)The relationship between R&D investment and R&D subsidies is directly mediated by the relationship between R&D subsidies and corporate innovation performance;R&D personnel investment has no intermediary role in the relationship between R&D subsidies and corporate innovation performance.Finally,the theoretical analysis and empirical conclusions based on the suggestions are as follows:(1)The timely adjustment of R&D subsidies,increase subsidies,first,the government needs to adapt to the adjustment of subsidies,the implementation of targeted subsidies;second,clear purpose research subsidies,and subsidies.(2)To integrate the capital resources of enterprises and strengthen the supervision and control of research and development funds.(2)To increase the introduction and training of R&D talents and to establish a sound incentive mechanism for talents.