The Influence Of High-tech Enterprise Policy On R&D Innovation Of Enterprises

To implement the invocation target that the invention patent ownership increased to 12 pieces per ten thousand people by 2020,the Research and experimental development funds investment intensity increased to 2.5%,science and technology progress contribution rate is 60% in the 13 th five year plan released in March 17,2016 making research on our country's science and technology research and development situation is significant.However our country financial investment condition was serious shortages.Especially the intensity of innovation have a huge gap with the developed countries.so how to promote enterprise R&D spending and increasing the invention patent ownership is the focus of each country and the theoretical circle.The r&d of 13.6 million high and new technology enterprises in China reached 900 billion yuan,accounting for 70% of the enterprise research and development spending.So the study that country gave the high and new company policy have a great significance.Selected the company which was firmly identified as high and new technology company from 2005 to 2016 by the high and new industry policy recognition information.The paper had researched that the high and new industry policy have effect on the enterprise technology innovation.The study had found the policy had positive effect on the enterprise technology innovation and the effect become more and more weak with company development.When an enterprise is certified as a high-tech enterprise,experts may take into account the development of the enterprise before and after the development situation,which may affect the results of the experiment.So this paper introduces the number of patent applications before policy and the number of patent applications after policy into the independent variables.It is found that the high-tech enterprise certification policy can promote the technological innovation of enterprises.This paper uses the DID model to control the timing effect of the policy,and to solve the random problem of the distribution between the treated group and the control group,The paper uses the matching method.Finally the paper find the same conclusion.the paper further tested the policy impact on the enterprise innovation and development mechanism.Finally the paper find the policy had impact on theenterprise innovation by the enterprise long-term loans tax rebates and fiscal subsidy.