Research On Influence Of Government Subsidy Mediated By Technological Innovation On Enterprise Performance

With the increasingly close relationship between knowledge and economy,the ability of technological innovation has become a necessary guarantee for sustainable development of a country's economy and society and it has been a yardstick for comprehensive national strength.Innovation consciousness and innovation ability are important means to promote the development of science and technology.Technological innovation of enterprises cannot be separated from the support of the government.While promoting technological innovation,enterprises will also improve their operating performance,thus leading the national economy to a new level.Considering China's economic environment and innovation-driven strategy,it is of great theoretical and practical significance to study the relationship between government subsidy,technological innovation and enterprise performance.In order to help enterprises solve such difficulties as blind imitation and primary level innovation,we will try to improve the efficiency of government subsidized R&D and innovation performance.From the point of view of technological innovation,this thesis discusses the influence path of government subsidy on enterprise performance.Based on the analysis of the government subsidy theory on enterprise performance,this thesis conducts an empirical study on the influencing factors of enterprise performance,and verifies the influence of government subsidy on technological innovation and enterprise performance.By collecting and sorting CSMAR,RESSET,WIND,Cninfo information database from 2008 to 2016,we take A-shared companies as our research object,R&D innovation activities related to panel data of listed companies has been found,using theoretical analysis and econometrics multivariate statistical regression analysis research methods,verify the government subsidies for technology innovation and the influence of firm performance.We found that government subsidy can promote enterprise performance through technology innovation.At the same time,in the process of government subsidy on technological innovation of enterprises,the process of marketization can have an important adjustment effect on the state-owned enterprises.Finally,we propose relevant suggestions based on the above empirical analysis results.The conclusions of this thesis can provide some help for the government to select the supporting objects and formulate relevant policies,then enrich the relevant theories of government subsidies and technological innovation.