Abstract
In the current society of innovative development, the innovation and reform of enterprises is particularly important in the development of the entire industry, especially with the country’s vigorous support for innovation and entrepreneurship in recent years. The rise of enterprises in the market is like mushrooms, and the development of enterprises will usher in a new challenge and opportunity, in order to be able to occupy a certain position among many enterprises and obtain greater advantages. Enterprises must constantly adjust their development strategies based on social reforms. However, the government subsidies to enterprises are one of the important starting points for China to realize the industrial policy, and they have played an important role in supporting and developing China’s relatively weak and strategic industries. In the development of enterprises, the influence of government subsidies on the development of enterprises should not be ignored. For this reason, further exploration of the impact of government subsidies on the development of enterprise innovation performance has become an issue that governments and enterprises need to study and pay attention to. This article will further briefly introduce the impact of government subsidies on enterprise innovation performance.
Highlights
As the national economy gradually enters the new normal, the development of enterprises in the market has gradually changed from an extensive economy and investment-driven economic growth to an innovation-driven development model
In 2017, the total profit of listed companies reached 4,487.2 billion yuan, and the government subsidies of listed companies accounted for about 2.9% of the total profit
Assuming that the proportion of total corporate profits in various industries is roughly the same as the proportion of industry added value, it is estimated that total corporate profits in 17 years are about 25.33 trillion yuan [1]
Summary
As the national economy gradually enters the new normal, the development of enterprises in the market has gradually changed from an extensive economy and investment-driven economic growth to an innovation-driven development model. Taking government subsidies in 2017 as an example, a-share listed companies received government subsidies totaling 130.2 billion yuan in 17 years. The academic circles and the industry still have no clear results in the future about whether the effects of government subsidies are positive or negative. Whether the government’s financial support for enterprises will promote the innovation and development of enterprises or inhibit them. This is the core issue that raises the development contradiction between enterprises and the government. This article will give a brief introduction to the relevant impact of government subsidies on enterprise innovation performance and its strategy in future development
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