Support the stronger or the weaker? Influence each other between subsidies and enterprise innovation

Cheng, Hua; Zhang, Yibiao; Zhang, Zhiying

doi:10.1080/09537325.2021.1963701

Cited by 7 publications

(2 citation statements)

References 44 publications

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“…From a national policy perspective, scholars have identified several drivers of innovation. Specifically, national tax incentives (Yi et al ., 2020), financial subsidies (Cheng et al ., 2023) and industrial subsidies (Wang and Zhu, 2021) have all been found to play a positive role in spurring enterprise innovation. Moreover, Xiao and Sun (2021) observed a positive correlation between the degree of an enterprise's internationalization and its innovation performance.…”

Section: Literature Reviewmentioning

confidence: 99%

Exploring the mesomeric effect of executive equity incentives on enterprise innovation: a study in the context of digital transformation

Li,

Sun,

Zhang

2023

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PurposeThe purpose of this study is to explain the following questions: First, whether the executive equity incentive has an impact on enterprise innovation and digital transformation; Second, if there is any influence, whether there is difference between state-owned enterprises and private enterprises in the research conclusions; Third, whether the digital transformation of enterprises has had an intermediary effect between executive equity incentive and enterprise innovation; Fourth, whether the proportion of independent directors in the corporate governance mechanism has a regulatory effect.Design/methodology/approachIn the context of China's promotion of “digital China” construction and high-quality development of economic innovation, this paper takes Shanghai and Shenzhen A-share listed companies in 2011–2019 as a sample, empirically studies the linear and nonlinear relationship between executive equity incentive and enterprise digital transformation and innovation, and further considers the regulatory effect of heterogeneous property rights and the proportion of independent directors, with a view to improving the reform of China's enterprise equity incentive system make contributions to enterprise innovation and digital transformation.FindingsThe results show that executive equity incentive has a positive role in promoting enterprise digital transformation and innovation, and enterprise digital transformation has a positive role in promoting enterprise innovation; Digital transformation of enterprises has a partial intermediary effect between executive equity incentive and enterprise innovation.Originality/valueFirst, it expands the research on the economic consequences of enterprise salary incentive system. Second, it expands the research on the specific role path of enterprise digital economy transformation. Third, provide new ideas for the reform of corporate governance mechanism.

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Section: Literature Reviewmentioning

confidence: 99%

Exploring the mesomeric effect of executive equity incentives on enterprise innovation: a study in the context of digital transformation

Li,

Sun,

Zhang

2023

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“…If dividing enterprises innovation into substantive innovation and strategic innovation [16], another consequence of the mismatch is strategic R&D behavior. Enterprises R&D are no longer market-oriented but cater to government preferences.…”

Section: Negative Efects Caused By Government Subsidiesmentioning

confidence: 99%

Optimization Analysis for Innovative Inputs under the Objective Discrepancy between Government and Enterprise

Zhang

2023

Complexity

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Aiming at the improvement of innovation efficiency after enterprise obtaining subsidies, this paper constructs two-stage innovation benefit model about research and development (R&D) and transformation and achieves Nash equilibrium of innovative inputs to solve the objective discrepancy of innovation between government and enterprise. The main conclusions are as follows: there are three kinds of resource allocation structure in the way of achieving Nash equilibrium. The allocation structure is determined by the sensitivity of benefits (differentiated by social benefits and enterprise benefits) to R&D and transformation. After obtaining subsidies, enterprise optimizes resource allocation and results in crowding out effect, which is the inevitable choice for enterprise to seek benefits. Relative to the enterprise budget, when the proportion of government subsidies is few, the way of subsidies does not affect benefits. When the government invests more subsidies, which are designated for R&D, there is the possibility of dual losses of social benefits and enterprise benefits. The conclusion defines the proportion of subsidies to enterprise budgets so as to differentiate the allocation structure of innovative inputs. The practical significance is to provide a precise method of resource allocation from the microlevel of enterprise project, which alleviates the objective discrepancy between the government and enterprise.

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The effect of urban capacity in knowledge recombination on digital economy development

Wei,

Guo

2024

Scientometrics

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Support the stronger or the weaker? Influence each other between subsidies and enterprise innovation

Cited by 7 publications

References 44 publications

Exploring the mesomeric effect of executive equity incentives on enterprise innovation: a study in the context of digital transformation

Exploring the mesomeric effect of executive equity incentives on enterprise innovation: a study in the context of digital transformation

Optimization Analysis for Innovative Inputs under the Objective Discrepancy between Government and Enterprise

The effect of urban capacity in knowledge recombination on digital economy development

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