Research On The Relationship Among Government Subsidies,market Competition And Innovation Performance

With the arrival of the new era,the market economy continues to grow rapidly and people's quality of life is getting higher and higher.China's economic development has begun to occupy an important position on the world stage.Since the 19 th CPC national congress,China's per capita GNI has increased by a large margin,basically on a par with the world's middle-income countries.In addition,China is undergoing a major economic transformation,striving to develop a knowledge-based economy and an innovative economy.The report of the 19 th CPC national congress clearly put forward the concept of "implementing new development concepts and building a modernized economic system",and pointed out that "innovation" is the focus of future economic development.How to improve the innovation ability of enterprises in the new situation has gradually become a hot research.The development of enterprises from scratch requires enterprises to realize reasonable innovation and creation.The establishment of vertical hierarchy is required for the development of enterprises,so as to realize the characteristic development of enterprises and further realize the income generation of enterprises.Therefore,the development of enterprises is bound to be inseparable from the ability to innovate.In the context of market economy,the government has continuously issued relevant policies and regulations to urge enterprises to develop innovative businesses.Therefore,government subsidies play an important role in the study of innovation performance of enterprises under market competition.When schumpeter's innovation theory was put forward,economists began to attach importance to technological innovation.In addition to the fact that the intensity of market competition will affect the innovation performance of enterprises,the impact of government subsidies on the innovation performance of enterprises has also become a research hotspot.Market competition can be seen as the "invisible hand",government subsidies can be seen as the "visible hand" of government intervention in the market;Based on market competition and government subsidies,enterprises can obtain greater support for technology research and development,so as to enhance their innovation ability.In market competition,enterprises can effectively enhance their core competitiveness through innovation.From the perspective of market competition and government subsidies,the study of how it affects the innovation performance of enterprises and the exploration of specific impact mechanism are conducive to improving the innovation performance of Chinese enterprises and improving the use efficiency of government subsidies.MBA papers are mostly case papers,but the analysis of individual cases has great limitations,so this paper adopted the method of combining empirical research and case analysis,trying to start with the universal phenomenon,and combined with the operation of individual companies.This paper selects the relevant data of high-tech listed companies from 2008 to 2016 for research.The research method mainly adopts empirical research,including multiple regression and the identification method of regulatory variables.It specifically analyzes the impact of government subsidies on the innovation performance of enterprises under the premise of market competition.Then K company is used for case analysis to verify the hypothesis again.The research shows that: first,the innovation performance of enterprises increases with the increase of government subsidies.Second,market competition has a positive impact on enterprise innovation performance.Third,market competition has a beneficial impact on government subsidies and enterprise innovation performance.Finally,on the basis of practice,this paper summarizes shortcomings of this research,which provides a new starting point for the study of enterprise performance and effectively complements the existing research gaps.