Synergistic Effects Of Government's Scientific And Technological Support On R&D Investment Of Enterprises

Innovation is the fundamental way for enterprises to acquire core competitiveness in the face of increasingly fierce market competition,and it is also the source for enterprises to acquire new wealth.Therefore,ensuring the sustainable and stable activities of enterprises is an inevitable choice for the country to implement the innovation driven strategy.However,R&D activities have the properties of public products,large uncertainty,high investment in the early stage and high risk,which makes it difficult for enterprises to obtain external financing and lack of R&D enthusiasm in some enterprises.Government funding for science and technology has always been an important measure to encourage enterprises to increase R&D investment.In recent years,Chinese enterprises have begun to attach importance to the protection of intellectual property rights,and the government has been strengthening the improvement of the intellectual property system and the enforcement of intellectual property rights.In the case of intellectual property protection,the performance of the government's scientific and technological support policy is an important practical and theoretical problem to be solved.In order to study the influence and synergistic effect of different types of government's technology grants on R&D investment in China,this paper is divided into three parts.1.Analyze the original research on government's technology support and R&D investment.First,the analysis of the ways of government science and technology funding and the reasons for the implementation of these policies;secondly,through the study of the relationship between the original government scientific and technological support and the enterprise R&D investment,further analysis of the shortcomings of the original research and the need to expand.2.Firstly,through the construction of a simple mathematical model,the relationship between government direct financial support and enterprise R&D input under the influence of intellectual property protection,the relationship between government tax relief policy and enterprise R & D input,and the synergistic effect of government direct financial support and government relief tax on enterprise research and development investment are studied.3.Through the sample of Industrial Enterprises above scale in the statistical yearbook of scientific and technological activities for industrial enterprises of China,the government's scientific and technological support is divided into one kind of direct subsidy and two kinds of indirect subsidy(two kinds of tax relief policies).Through empirical research,we analyze the relationship between direct funding,indirect funding and enterprise R&D input,as well as the synergy effect of direct and indirect funding on R&D investment,and through the interaction of three types of government funding and the strength of intellectual property protection in China.This paper analyzes the influence of different types of technology funding of our government on the R&D investment under the influence of the intensity of intellectual property protection.The main conclusions of this study are as follows: firstly,through theoretical analysis,we find that,when the intensity of intellectual property protection is low,the government direct financial support,the government's tax relief policy,and the synergistic effect of the two parties on the R&D investment of enterprises;when the intensity of intellectual property protection is high,the different government financing methods And the synergy between policies has an uncertain impact on the R&D investment of the enterprise.Second,through empirical research,the government's direct subsidy policy and the two indirect subsidy policies can significantly stimulate the R&D investment of the enterprise,which indicates that in the current situation,the government's scientific and technological support can be strengthened to encourage the R&D investment of the enterprise;and thirdly,There are negative interactions between different types of government funding for science and technology,indicating that the synergy effect is not good enough,so we need to adjust the combination of science and technology subsidy policies.Fourthly,the results of the interaction between the government and the protection intensity of intellectual property rights are significantly negative,indicating that in the areas where the protection of intellectual property rights is lower,the incentive effect of scientific and technological support is better,and the protection intensity of the low intensity of intellectual property protection and the financial aid intensity should be improved properly.