Government subsidies, market competition and firms' technological innovation efficiency

Abstract

Based on the classification of Chinese listed companies, this paper selects the financial statement data of Chinese listed companies from 2008 to 2022 to conduct an empirical study, and the empirical results confirm that Government subsidies can promote enterprises to enhance the efficiency of technological innovation; Market competition can encourage enterprises to enhance the efficiency of technological innovation and The impact of government subsidies on the efficiency of technological innovation of non-state enterprises is more significant, while other information remains unchanged. The impact of government subsidies on the technological innovation efficiency of non-state-owned enterprises is more significant. Through empirical research, this paper understands the impact of government subsidies and market competition on the technological innovation efficiency of enterprises, which is conducive to providing a reference for the government to formulate enterprise subsidy policies.