CAJ | 학술논문

本文首先评析了技术创新中的需求拉动论、技术推动论与政府引导论,然后以装备制造业中的专用设备上市公司2009-2011年数据作为研究样本,实证检验了政府补贴、市场需求与企业技术创新之间的关系,特别是考察市场需求是否具有中介或调节效应.最后以国家自主创新示范区东湖高新区内精伦电子、华中数控等企业为案例进一步阐明了这三者之间的关系.研究发现,政府补贴和市场需求与企业R＆D投入显著正相关,市场需求对政府补贴与企业R＆D投入之间不存在中介效应.研发投入与企业创值能力显著正相关,市场需求对企业R＆D投入与创值能力有显著的正调节效应,而政府补贴对R＆D投入与企业创值能力存在显著负调节效应.政府补贴与企业盈利能力显著正相关.
본문수선평석료기술창신중적수구랍동론、기술추동론여정부인도론,연후이장비제조업중적전용설비상시공사2009-2011년수거작위연구양본,실증검험료정부보첩、시장수구여기업기술창신지간적관계,특별시고찰시장수구시부구유중개혹조절효응.최후이국가자주창신시범구동호고신구내정륜전자、화중수공등기업위안례진일보천명료저삼자지간적관계.연구발현,정부보첩화시장수구여기업R＆D투입현저정상관,시장수구대정부보첩여기업R＆D투입지간불존재중개효응.연발투입여기업창치능력현저정상관,시장수구대기업R＆D투입여창치능력유현저적정조절효응,이정부보첩대R＆D투입여기업창치능력존재현저부조절효응.정부보첩여기업영리능력현저정상관.
This paper reviews the argumentation of innovation driving factor-demand-pull theory, technology-push theory and govern- ment-led theory. It takes the sample of special equipment sector of the equipment manufacturing industry as an empirical test of the rela- tionship between the government R＆D subsidy, market demand and firm innovation. The paper focuses on whether market demand has a mediating or moderating effect. The cases of Jinglun Electronic and Huazhong CNC demonstrate a further evidence for the relationship of the above three. The results implicate that both government subsidy and market demand are positively related to finn R＆D invest- menL Market demand has no mediating effect on the relationship between government subsidies and finn R＆D investment. R＆D investment has a significant positive effect on value creation ability, but an insignificant negative effect on profitability. Market demand has a positive moderating impact on R＆D investment and value creation ability. However, government R＆D subsidy shows a negative moderating effect. Government subsidy exposes a significant positive effect on performance.