The Impact Of Innovation Policy On R&D Input And Output Of High-tech Enterprises

In order to take the initiative in the new round of technological revolution in the global scope,and in order to break through the bottleneck of China's economic development,the eighteen party put forward the innovation driven development strategy.Innovation driven enterprises first,and high-tech enterprises is China's enterprises to carry out technological innovation activities of the most concentrated,the most active areas,the development of high-tech enterprises,the relationship between the innovation driven development strategy can really implement.In recent years,China has increased the policy support for high-tech enterprises' technological innovation,issued a series of financial subsidies,tax incentives and strengthen the protection of intellectual property rights policy.In China,the financial science and technology funding has been an important way for the government to support enterprises to research and innovation.However,China's government science and technology funding has been the use of low efficiency,the effect is not significant.The country is trying to solve this problem by establishing a diversified science and technology funding system,and gradually transform the investment mode of enterprise technology innovation into inclusive fiscal and taxation policies.In recent years,China's enterprises have begun to attach importance to intellectual property rights,the government also realized that through the implementation of a strict intellectual property protection system for enterprise research and innovation escort.How to use the three means of financial subsidies,tax incentives and intellectual property protection,the government will continue to support the research and development of enterprise innovation is bound to become an increasingly important issue.Therefore,it is of great theoretical and practical significance to study the government R&D subsidy to support the innovation of tax incentives,intellectual property protection and enterprise research and development.Firstly,based on the study of domestic and foreign literature,summarizes the current research status about government innovation policy on enterprise technological innovation effect,and then expounds the innovation of market failure theory,asymmetric information theory,theory of enterprise optimal decision,competitive advantage theory,transaction cost theory,provides the basis for the study.Secondly,it focus on the government R&D direct subsidies,tax incentives and protection of intellectual property rights related policies and implementation,and from the high tech enterprise innovation funds,personnel input,four aspects of innovation output and the analysis of international competitiveness of China's high-tech enterprises technological innovation status,for the follow-up study provides background support.Thirdly,from the theoretical analysis of the government R&D direct subsidies,tax incentives and protection of intellectual property rights of enterprise innovation,mechanism of production,which takes into account the degree of market competition the adjustment variables,it analyses the R&D direct subsidies,tax incentives and protection of intellectual property rights policy synergy.Next,according to the research hypothesis,this paper carries on the empirical research design,and uses the data of the 330 gem high-tech enterprises listed before the end of 2012 2012~2015 to carry on the descriptive statistics,correlation analysis and multiple regression analysis.Finally,according to the empirical results,some policy recommendations are put forward.The main conclusions of this study are as follows:(1)Government R&D subsidies,tax incentives for gem high-tech enterprises' technological innovation investment has a significant role in promoting.(2)The degree of competition in the market plays a positive role in the government R&D subsidies,tax incentives to promote innovation in the process of investment.(3)Government R&D subsidy is positively related to the patent application of high-tech enterprises,but tax incentives have no significant effect on patent output.(4)The higher the level of intellectual property protection,the higher the input and output of innovation.(5)Government R&D subsidies,tax incentives and intellectual property protection for high-tech enterprise R & D investment and patent output has a positive synergistic effect.The innovations of this paper are as follows:(1)most studies focus on the effects of government R&D subsidies,tax incentives and protection of intellectual property rights of enterprises in technological innovation,based on the individual effects of these three policies on the results of government R&D subsidies,tax incentives and protection of intellectual property rights on the synergistic effect of enterprise innovation,enriching the relevant theory and the empirical experience.(2)do the exploration and test of new situational factors regulate the relationship between government innovation policy and innovation,examines the moderating effect of market competition factors.(3)the empirical sample selection,the choice of high tech enterprises listed on the gem,provides new empirical evidence for policy research.