Abstract
In order to promote technological innovation of high-tech enterprises and speed up the process of enterprise innovation, the government has issued a series of subsidy policies. Among them, government subsidies can provide direct financial support for enterprises’ innovative research and development. The extent to which government subsidies cover high-tech enterprises and the use of government subsidies by enterprises have also attracted more and more attention. This article selects the high-tech companies from the Shanghai Stock Exchange and the Shenzhen Stock Exchange from 2010 to 2019, and studies the status quo of their government subsidies in terms of coverage, total distribution, use, and industries. It is found that the current high-tech companies have a high coverage of government subsidies and involve a wide range of industries, The financial support is relatively large, but different enterprises and industries are relatively unbalanced, and a relatively high proportion of government subsidies in enterprises are used for daily business activities. At the same time, it provides suggestions for the investment and utilization of government subsidies based on the research status.
Highlights
Government subsidy, known as government subsidy, is the government or other public organizations directly or indirectly transfer economic interests to micro subjects, in essence, it is a means of financial transfer payment
The government subsidy studied in this paper mainly provides direct financial subsidy to enterprises in the form of free grant
At the same time, when analyzing the use of government subsidies in high-tech enterprises, it can be seen from the distribution of government subsidies included in non-operating income and current profits and losses of different enterprises that there is a relatively large gap in the amount and intensity of government subsidies for different high-tech enterprises
Summary
Government subsidy, known as government subsidy, is the government or other public organizations directly or indirectly transfer economic interests to micro subjects, in essence, it is a means of financial transfer payment. Government subsidies can be divided into asset-related government subsidies or income-related government subsidies The former refers to the government's capital input related to the formation of long-term assets of enterprises; otherwise, it is incomerelated government subsidies. The government subsidy has become an important incentive means to reduce the capital pressure and environmental pressure of high-tech enterprises'. NETID 2020 research and development, and to increase the support for enterprises in capital, technology, personnel and other aspects. Under this opportunity, this paper selects hightech enterprises as samples, analyzes the status quo of government subsidy support for high-tech enterprises, and puts forward relevant Suggestions to help enterprises and investors make relevant decisions more fully and rationally
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