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

IF 5.4 3区材料科学 Q2 CHEMISTRY, PHYSICAL

ACS Applied Energy Materials Pub Date : 2024-08-30 DOI:10.1016/j.iref.2024.103565

Xiuping Jiang , Chunxia Jiang

引用次数: 0

Abstract

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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政府研发补贴、银行信贷与高科技企业的创新效率

本研究以 2010 年至 2022 年的中国高科技上市企业为研究对象，旨在探讨政府研发补贴对企业创新效率的主要影响。研究结果表明，政府研发补贴有效提高了高科技企业的创新效率。此外，银行信贷在政府补贴和创新改善之间起到了积极的中介作用。值得注意的是，与国有企业相比，研发补贴对提高民营企业创新效率的影响更大。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

ACS Applied Energy Materials Materials Science-Materials Chemistry

CiteScore

10.30

自引率

6.20%

发文量

1368

期刊介绍： ACS Applied Energy Materials is an interdisciplinary journal publishing original research covering all aspects of materials, engineering, chemistry, physics and biology relevant to energy conversion and storage. The journal is devoted to reports of new and original experimental and theoretical research of an applied nature that integrate knowledge in the areas of materials, engineering, physics, bioscience, and chemistry into important energy applications.