Government R&D subsidies, bank credit and the innovation efficiency of high-tech enterprises

被引：2
作者：
Jiang, Xiuping [1 ]
Jiang, Chunxia [2 ]
机构：
[1] Xian Univ Finance & Econ, Sch Econ & Management, Xian 710100, Peoples R China
[2] Changan Univ, Sch Econ & Management, Xian 710061, Peoples R China
来源：
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2024年 / 96卷
关键词：
Government R & D subsidies; High-tech enterprises; Innovation efficiency;
D O I：
10.1016/j.iref.2024.103565
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study focuses on Chinese high-tech listed enterprises spanning from 2010 to 2022, aiming to explore the primary impact of government R&D subsidies on their innovation efficiency. Our findings indicate that these subsidies effectively enhance the innovation efficiency of high-tech enterprises. Furthermore, bank credit serves as a positive intermediary between government subsidies and improved innovation. Notably, R&D subsidies tend to have a greater impact on enhancing innovation efficiency in private enterprises compared to state-owned enterprises.
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页数：9
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