Research On The Correlation Between Government Subsidy And Enterprise Green Technology Innovation

Green technology innovation has become a hot topic in the modern era.Enterprises have increased their core competitiveness in the market through green innovation research and development.The government encourages companies to conduct green research and development to achieve environmental protection and other goals.The government also pays more and more attention to the green innovation activities of enterprises.The government guides green R&D activities through different forms of subsidies,and the investment results are transformed into patents related to green.Therefore,the impact of government subsidies on green technology innovation of enterprises is analyzed.Our country's need for green development is also in line with the needs of companies to improve their capabilities.This paper made an empirical analysis,based on government subsidies and the related theory of green technology innovation includes technological innovation theory,stakeholder theory and social responsibility theory,externality theory and potter hypothesis.This paper selected 80 enterprises in five industries,including new energy automobile,solar power generation,wind power generation,nuclear power generation and fuel cell.Based on the 240 sets of data of 80 companies from 2014 to 2016,This paper analyzed the impact of government subsidies on R&D investment,the impact of R&D investment and green technology innovation performance,and the impact of government subsidies and green technology innovation performance.Considering the effect of the difference in government subsidy method on the performance of green technology innovation,this paper divided the government subsidy into direct subsidy and tax preference,and analyzed and compared the effect of the two subsidy approaches on green technology innovation performance.The research results showed that direct government subsidies and tax incentives had a positive effect on corporate R&D activities and green technology innovation performance,but tax incentives had a more significant incentive effect on corporate R&D investment and green technology innovation performance.It also validated that R&D investment had a significant role in promoting corporate green performance.R&D investment played an intermediate role in the impact of government subsidies and green performance.Finally,based on the research results,the paper put forward relevant policies and suggestions for the government and enterprises.The government should optimize the government subsidy method and establish a comprehensive and reasonable innovation project evaluation system;the company should reasonably allocate R&D investment funds.