CAJ | 학술논문

对政府资助企业R&D绩效的考察可能由于忽略内生性、行业异质性等而产生偏差。选择2003-2010年上海市大中型工业企业32个行业的面板数据，基于多维行业异质性视角，考察政府R&D资助对企业技术创新的影响。研究表明，政府R&D资助带动了企业R&D投入增长，但直接资助的绩效由于未考虑内生性而被整体高估，并存在较大的行业差异，研发强度越高，企业规模越小，资助绩效越好。而研发强度高、国资比重低的行业具有更高的创新产出效率。
대정부자조기업R&D적효적고찰가능유우홀략내생성、행업이질성등이산생편차。선택2003-2010년상해시대중형공업기업32개행업적면판수거，기우다유행업이질성시각，고찰정부R&D자조대기업기술창신적영향。연구표명，정부R&D자조대동료기업R&D투입증장，단직접자조적적효유우미고필내생성이피정체고고，병존재교대적행업차이，연발강도월고，기업규모월소，자조적효월호。이연발강도고、국자비중저적행업구유경고적창신산출효솔。
The performance of public R&D subsidies may be estimated incorrectly without considering endogeneity and heterogeneity. This paper analyzes the effect of public R&D subsidies on enterprise technology innovation with data of 32 industries in Shanghai during 2003-2010. After dealing with the endogeneity and heterogeneity, the empirical result shows that public R&D subsidies promote the expense of enterprise R&D, but there are signif-icant differences between industries. The existence of endogeneity also leads an overestimate on the performance. Industries with high intensity of R&D and small-scale enterprises perform well on subsidy. And industries with high intensity of R&D and low proportion of state-owned assets do well on innovation.