The Impact of Government R&D Subsidies on the Transformation of Innovation Achievements in Enterprises

Zitian Yu

doi:10.62051/6sv0av04

Authors

Zitian Yu

DOI:

https://doi.org/10.62051/6sv0av04

Keywords:

Government R&D Subsidies; High-tech Industries; Enterprise Innovation; Market.

Abstract

Based on the differences in the amount and effect of government R&D subsidies (g-R&D-s) in different regions, this study measures the transformation of innovative achievements by measuring the sales revenue of new products. Using high-tech industries in 30 provinces (regions, cities) in China from 2009 to 2021 as research samples, this study explores the impact and mechanism of g-R&D-s on the transformation of innovative achievements by enterprises, and incorporates the degree of market as a threshold into the research framework. Empirical research has found a significant U-shaped relationship between g-R&D-s and the transformation of innovative achievements in high-tech industries in China. When g-R&D-s are low, they have an inhibitory effect on the transformation of innovative achievements in enterprises. However, when the level of market exceeds the threshold of 3.7390, the inhibitory effect of g-R&D-s on the transformation of innovative achievements in high-tech industries is weakened and turns into a positive impact. It is recommended that the government increase R&D subsidies for enterprises, scientifically refine fund management, and improve the level of market in various regions to help enterprises overcome the dilemma of insufficient market.

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