Research On The Impact Of New Infrastructure Policy On Enterprise Innovation

This paper first takes the ts-cs data of new infrastructure enterprises covering a tota l span of five years from 2016 to 2020 as the cornerstone,and then takes the did model with historical tendency matching as the tool to deeply study the impact of the new infra structure industrial policy on the development of the innovation of new infrastructure en terprises.It is found that the new infrastructure industrial policy has significantly impro ved the innovation ability of new infrastructure enterprises.This paper further studies th e four implementation ways of government subsidies,taxes,credit and bond financing,and finds that the new infrastructure industrial policy can significantly enhance the inno vation of new infrastructure enterprises through the three ways of government subsidies,taxes and bond financing,but the role of credit is not obvious.According to different ownership of new infrastructure enterprises,the impact of n ew infrastructure industrial policies on innovation is different.For non-state-owned new infrastructure enterprises,the new infrastructure industrial policy has shown an obvious incentive effect on the improvement of their innovation ability.However,for the stateowned enterprises in the new infrastructure enterprises,the new infrastructure industrial policy has not played a very positive and obvious driving role in the stable enhancemen t of their innovation ability.From the perspective of enterprise scale,the new infrastruct ure industrial policy has an obvious driving effect on the improvement of the innovation ability of large new infrastructure enterprises,while for small and medium-sized new in frastructure enterprises,it will significantly curb the improvement of their innovation ab ility.This is because the new infrastructure industrial policy has significantly curbed the improvement of the innovation ability of small and medium-sized new infrastructure en terprises in terms of Taxation,although at the same time,through the corporate bond fin ancing path,The new infrastructure industrial policy can significantly improve the inno vation ability of small and medium-sized new infrastructure enterprises.However,the c ontainment effect of tax policy is greater than the promotion effect of bond financing po licy.From the perspective of regional distribution,the reason why the new infrastructur e industrial policy has shown an obvious incentive effect on the improvement of the inn ovation ability of new infrastructure enterprises is that the new infrastructure industrial policy has shown an obvious effect on the improvement of the innovation ability of ente rprises in the eastern and central regions,while it has not shown any effect on the impro vement of the innovation ability of enterprises in the western region.This paper provides a reference for the impact of the new infrastructure industrial p olicy on the innovation ability of enterprises.It not only theoretically complements the i mplementation of the new infrastructure industrial policy,but also points out the exact p ath basis,and puts forward targeted policy suggestions that can be improved.