Abstract
The purpose of this research is to develop the subjective initiative and enhance the sense of independent innovation in the process of high-tech enterprises, so as to guarantee the sustainable development of innovation ability. Based on the relevant data of high-tech enterprises from 2012 to 2017, a threshold regression model was established to study the existence of innovative “incentive” catering behaviors in the process of identifying high-tech enterprises. First, the empirical test results support the hypothesis of innovative “incentives” catering behavior, identified by high-tech enterprises, with a threshold of 0.0370. The empirical results show that the one-size-fits-all objective identification standard will indeed encourage some companies to adopt catering behaviors. Next, the paper verifies that high-tech companies that do not adopt “incentive” catering behaviors will have higher innovation efficiencies. Moreover, the R&D investment and R&D subsidy of high-tech enterprises without catering behaviors will be higher. Finally, through a stepwise regression test, it was found that R&D investment and R&D subsidies play an intermediary role in the relationship between innovation “incentives” catering behavior and corporate innovation efficiency. High-tech enterprises affect the innovation efficiency of enterprises through the transmission mechanism of R&D investment and R&D subsidies.
Highlights
With the rapid development of technology and the advance of the information age, independent innovation capabilities have played a vital role in the economic growth of enterprises and even whole countries
The data sources of the paper mainly involve the following aspects: (1) the main financial data come from the CSMAR database and the CCER database; (2) the data of enterprise R&D investment comes from the WIND database; (3) the sample of high-tech enterprises comes from CSMAR accreditation database and tax rate database; (4) Government R&D subsidy data were manually collected
In order to further study the internal mechanism of high-tech enterprises that affect the innovation efficiency of enterprises, the variables of R&D input and subsidies were added to Equation (2) to test, and the following model was established: IEi,t = α + β1Ingratiatoryi,t + β2RDi,t + β3SIZEi,t + β4SOEi,t + β5Growthi,t
Summary
With the rapid development of technology and the advance of the information age, independent innovation capabilities have played a vital role in the economic growth of enterprises and even whole countries. From the perspective of catering, most of the catering behaviors of enterprises are based on manipulation to obtain a certain qualification, and most of them are based on the benefits of industrial incentive policies (Song, Wang & Zhang, 2020) [5] Based on this point, the paper takes the “Administrative Measures for the determination of high and new technology enterprises” provision for R&D intensity in the “Certification Measures” as the starting point, and focuses on solving the following two issues: (1) Is there an innovative “incentive” catering behavior in the process of identification of high-tech enterprises in China? The contributions of this paper start with “Certification Measures” and use a threshold regression model to verify that the enterprise innovation is “pseudo innovation” for enterprises to cater to the government It is different from the existing research on high-tech enterprises, which are mostly based on the discrimination of “yes” or “no”, while ignoring the problems of “true” and “false”. A new perspective for research on high-tech accreditation policies is provided
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