Research On The Influence Of Government Subsidy And R&d Investment On Financial Performance Of Agricultural Enterprises

China’s economy is in the high speed development phase shift towards high quality development,agriculture as an important industry in national economy departments,supporting the construction and development of national economy,at present,our country in the fight against COVID-19 outbreak has achieved victory stage,facing the local governments at all levels important task is how to guide the agricultural enterprise increasing R&D input,We will improve our capacity for independent innovation and realize the transformation and upgrading of the agricultural industry.General Secretary Xi Jinping once stressed that "agriculture is a fundamental industry,and China’s modernization cannot be achieved without agricultural modernization.To revitalize agriculture,we must attach the wings of science and technology".Agricultural enterprises reflect the level of development of China’s agricultural productivity and inject vitality into rural revitalization and high-quality agricultural development.However,agricultural enterprises have shortcomings such as low return on investment and low competitive advantage in financing.The government subsidy policy brings cash inflow to agricultural enterprises,which to a certain extent alleviates their financing difficulties,reduces their independent R&D costs and risks,and is conducive to improving their independent innovation consciousness and ability,which in turn improves their own economic efficiency.The sustainable development of enterprises needs to continuously improve their independent innovation capability,which is reflected in the intensity of their R&D investment and represents their development potential and market competitiveness.At the current stage,agricultural enterprises need to enhance their own R&D industry capabilities,reduce production costs,improve production profits and further expand their competitive advantages in the market.Based on the externality theory,technology innovation theory and signaling theory,for government subsidies,R&D investment and financial performance relationship between two empirical studies,The findings show that there is a significant positive relationship between government subsidies,R&D investment and financial performance,and there is a significant mediating effect of R&D investment in the impact of government subsidies on the financial performance of enterprises.In addition,this paper selects Beidahuang as a case company,analyzes Beidahuang’s government subsidy policy,R&D investment and enterprise financial performance of Beidahuang,discusses the function mechanism of government subsidy on enterprise R&D and enterprise operation,and verifies the application of empirical results in actual enterprises.Finally,according to the research conclusions of this paper and the actual situation of China’s agricultural enterprises,put forward some countermeasures and suggestions,in order to promote agricultural enterprises to carry out technological innovation and research and development activities,improve the financial performance of enterprises.