The Impact of Government R&D Subsidy Policy on Enterprise Generic Technology Project Decision Making

Abstract

Abstract:

Scientific inspection and evaluation of the current R&D funding policy implemented by the Chinese government is an important proposition for the academic and policy makers. Based on the data of 2482 high-tech enterprises in Guangdong Province, this paper studies the effects of Government R&D policy on private enterprise R&D investment and Generic Technology enterprise project decision-making by using the PSM method and the Tobit model. The results show that the government funded directly and indirectly funding can improve the private enterprise R&D investment of the average effect, direct subsidy and indirect subsidies have leverage effect and crowding out effect in different enterprises of enterprise level, and indirect funding than direct funding can influence the enterprises more significant to carry out the decision-making of generic technology projects.

Key words: government R&D funding, enterprise private R&D investment, generic Technology, average effect

Chen Chaoyue, Xu Zhi. The Impact of Government R&D Subsidy Policy on Enterprise Generic Technology Project Decision Making[J]. , 2019, 31(9): 70-80.

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