| Made in China 2025 puts forward the goal of building China into a powerful manufacturing country for a century.The key to promoting the transformation and upgrading of manufacturing industry from low-end to high-end lies in the technological innovation of manufacturing enterprises.Equipment manufacturing industry is a manufacturing industry that provides various kinds of technology and equipment for national economy and national defense construction.It has a series of characteristics such as high degree of industrial correlation,strong driving force and high technology content.It is a symbol of the level of industrialization and the comprehensive strength of economy,science and technology of a region and a country.Due to market failure and market risk caused by uncertainty,spillover effect and externality,government support has become a necessary means to improve the innovation capability of equipment manufacturing enterprises.Based on the existing research,this paper puts government support,enterprise R&D investment,market level and innovation capability of equipment manufacturing enterprises into the same analysis framework,and constructs a cross-level model of the impact of government support on innovation capability of equipment manufacturing enterprises.On this basis,based on the data of Yearbook and 317 equipment manufacturing companies listed on A shares in Shanghai and Shenzhen stock markets,this paper makes an empirical test by using SPSS 17.0 and HLM6.02 statistical analysis software,and explores the influence of government support on innovation capability of equipment manufacturing enterprises,the intermediary role of enterprise R&D investment between government support and innovation capability of equipment manufacturing enterprises,and the level of marketization,respectively.The moderating role between government support and innovation capability of equipment manufacturing enterprises,between R&D investment of enterprises and innovation capability of equipment manufacturing enterprises.The results show that both government support and enterprise R&D investment have positive effects on innovation capability of equipment manufacturing enterprises,among which government tax preferential support has a more significant impact on innovation capability of equipment manufacturing enterprises;enterprise R&D investment plays an intermediary role between government tax preferential support and innovation capability of equipment manufacturing enterprises;market level plays a mediating role between government support and equipment manufacturing enterprises;The level of marketization plays a positive regulatory role between R&D investment of enterprises and innovation capability of equipment manufacturing enterprises,and direct government subsidy support has no significant impact on R&D investment of enterprises.According to the results of theoretical analysis and empirical research,it is proposed that the government should improve the policy suggestions of direct subsidy policy,preferential tax policy,intellectual property protection policy,government procurement policy,financial support policy,and strengthening the market-oriented construction of various regions for equipment manufacturing enterprises;enterprises should strengthen the consciousness of innovation and development,clarify the main position of enterprises in innovation activities,and increase R&D.Enterprise-level countermeasures and suggestions include investment,effective government subsidies,and active promotion of market-oriented level. |
