Research On The Influence Of High-tech Zone Policies On Enterprise Innovation

National high-tech zone is an important spatial carrier for the implementation of national innovation strategy,the main battlefield of high technology innovation and its industrialization,carrying the burden of national innovation-driven development.China’s national high-tech zones have experienced more than 30 years of development and have made great achievements in science and technology innovation,adding to the economic development of China’s innovation field.The national high-tech zone policy has accelerated this process,providing sufficient impetus for high-tech zones to clarify innovation direction,gather innovation resources and optimize industrial structure.And as the source of driving innovation development-high-tech enterprises,become the primary concern of high-tech zones,by supporting the development of high-tech enterprises,the optimal social benefits can be achieved,for this reason all kinds of high-tech zone policies have been introduced one after another,and the convenience brought by high-tech zone policies gradually occupies an important position in the development process of high-tech enterprises.However,experts have not obtained a high degree of consensus and opinion on the relationship between high-tech zone policies and enterprise innovation.Therefore,this paper argues that the study of the impact of high-tech zone policies on enterprise innovation is of practical significance,which can promote enterprises to improve the utilization of government subsidies and optimize resource allocation.Based on externality theory,government intervention theory,and technology innovation theory,this paper analyzes the influence mechanism of high-tech zone policies on enterprise innovation,and describes the national and East Lake high-tech zone related high-tech zone policies as well as the basic situation of the zone.The specific impact of high-tech zone policies on enterprise innovation is derived by analyzing the changes of Jingce Electronic before and after entering the high-tech zone in 2018 by selecting Jingce Electronic as the case company and starting from both R&D input and R&D output.Among them,the amount of R&D expenditure and R&D personnel of Jingce Electronic are used as R&D input indicators,and the number of patents granted and intangible assets are used to evaluate innovation output.Financial and non-financial indicators such as growth capacity,profitability,and market share and investment direction are also used to determine the impact of high-tech zone policies on the economic effects of Seiko.In order to make the conclusions from the case study more credible,this paper selects nearly nine hundred listed companies inside and outside the five national high-tech zones,namely Zhongguancun in Beijing,East Lake High-tech Zone in Wuhan,Suzhou Industrial Park,Xi’an High-tech Zone and Chengdu High-tech Zone,as the sample,and proves through empirical evidence that the high-tech zone policy can positively influence the innovation of enterprises.The results of the study show that,in terms of innovation,the high-tech zone policy has stimulated Jingce Electronics to attach high importance to and promote innovation activities;innovation input has a competing effect on innovation output,and with the improvement of R&D input,innovation output is optimized,which helps to improve the innovation performance of the enterprise.It can be seen that the high-tech zone policy has a certain promotion effect on the innovation of this enterprise.In terms of economic effect,the overall high-tech zone policy has a positive impact on the financial performance of the enterprise,and this incentive has a long-term effect.The financial subsidies and other positive effects brought by the high-tech zone policy give the enterprises the ability to improve their R&D capabilities and core competitiveness,thus expanding their market share.High-tech zone policy is like a weathervane,which can guide and direct the enterprises,and it can also let the enterprises know the project investment focus and development direction.Based on this,this paper proposes that enterprises need to firstly form a good sense of innovation;secondly,they need to be faithful to the market and weaken the reliance on government subsidies;promote the integration of industry-university-research and improve the efficiency of using capital subsidies;and reasonably plan their investment strategies.