CAJ | 학술논문

政府资助对企业创新产出的影响一直以来在学术界没有一致的结论。而且,较少研究涉及公共研发资助中项目筛选机制对最终效果的影响。我们的研究检验了中国规模最大的面向中小企业的政府创新基金——科技型中小企业创新基金对企业创新产出的影响,以及筛选机制的变化对创新基金效果的作用。基于企业层面的面板数据,我们发现创新基金资助的企业比没有被创新基金资助的相似企业在专利数量、新产品产值和出口方面有更好的表现,而且这一效果在2005年筛选机制从集权到分权的改变后显著增强。创新基金的效果以及筛选机制变化对创新基金效果的影响在不同地区有很强的差异性,经济和制度越发达的地区,创新基金的效果和筛选机制的作用越明显。
정부자조대기업창신산출적영향일직이래재학술계몰유일치적결론。이차,교소연구섭급공공연발자조중항목사선궤제대최종효과적영향。아문적연구검험료중국규모최대적면향중소기업적정부창신기금——과기형중소기업창신기금대기업창신산출적영향,이급사선궤제적변화대창신기금효과적작용。기우기업층면적면판수거,아문발현창신기금자조적기업비몰유피창신기금자조적상사기업재전리수량、신산품산치화출구방면유경호적표현,이차저일효과재2005년사선궤제종집권도분권적개변후현저증강。창신기금적효과이급사선궤제변화대창신기금효과적영향재불동지구유흔강적차이성,경제화제도월발체적지구,창신기금적효과화사선궤제적작용월명현。
Based on a firm level panel dataset,this paper examines the impacts of one of the largest Chinese government RD financing programs,Innofund. By exploiting a nationwide exogenous policy shock which authorizes more decentralized implementations,and institutional variations cross provinces,we find more decentralized and more market-oriented government RD financing programs have stronger positive impacts to innovation,measured by patent counts and new product sales etc. Moreover,in general we find Innofund-backed firms outperform their counterparts in innovation,statically and dynamically. Identification problems are handled carefully. Our findings also contribute to the general literature of government RD funding.