The Study On The Influence Of Industrial Policy To Enterprises Innovation

As the pressure of economic downswing gradually increases,China's economy is experiencing a new normal of slowing growth.Only by insisting on innovation and driving development can we promote the sustainable development of China's economy.The enterprise is the mainstay of the market economy,plays the role of the core node in the technological innovation network,and becomes the dominant force that promotes and transforms the innovation results.At the same time,companies face issues such as externalities,high risks,and uncertainties in technological innovation.Governments often need to adopt industrial policies such as tax incentives and government subsidies to encourage companies to innovate.However,due to the asymmetry of information,companies may be able to cater to government incentive policies and even appear to be "rent-seeking" behaviors,gaining preferential policies by adding "low-quality" innovations,and ignoring "high-quality" innovations that can truly improve their competitiveness.Then whether the industrial policy can really encourage enterprises innovation,so as to promote the overall level of innovation in China?Firstly,this paper constructs a dynamic evolutionary game model between government and enterprise,analyzes the impact of industrial policy on enterprises innovation,and seeks the optimal equilibrium between government and enterprise game behavior.Then,the PSM was used to study the "net effect" of the impact of macro-industry policies on enterprises innovation,and to verify the effect of industrial policy incentives.Finally,through the two specific industrial policy tools of tax incentives and government subsidies,a comparative analysis of the incentive effects of enterprises innovation is conducted to explore the effects of concrete industrial policy tools in the implementation process,and propose corresponding policy recommendations.This study finds that:(1)Overall,macro-industry policies can effectively promote the "quantity" and "quality" of innovation,but tax preference and government subsidy can only inspire the "quantity" of innovation.,but the incentive for enterprises innovation "quality" is not significant.(2)Macro-industry policies have obvious incentive effects on the "quantity" and "quality" of enterprises innovation,and have a better effect on the "quantity" of innovation of state-owned enterprises,small and medium-sized enterprises,and high-tech companies.They are better for non-state-owned enterprises and large enterprises.The "quality" incentive effect of high-tech companies is better.(3)From the point of view of tax incentives,tax incentives have a significant incentive effect on the "quantity" of innovation,but have little effect on the "quality" of innovation.Based on the analysis of corporate heterogeneity,tax incentives have a greater incentive for the innovation "quantity" of large enterprises and high-tech companies,and there is no significant difference in the"quantity" of innovation for different ownership enterprises.Tax incentives have a better effect on the "high quality" innovation of state-owned enterprises,large-scale enterprises and high-tech enterprises.(4)From the government subsidy policy perspective,in terms of innovation "quantity",government subsidies have a better incentive effect on the innovation input of state-owned enterprises,large-scale enterprises,and low-and medium-sized enterprises,and innovations on output incentives in non-state-owned enterprises,small and medium-sized enterprises,and high-tech enterprises are better.In terms of the impact of innovation "quality",government subsidies have a better effect on the "high-quality" innovation of non-state-owned enterprises and high-tech companies,and have little difference in the"high-quality" innovation effect of large-scale enterprises and SMEs.