Research On The Impact Of Government Subsidies On R&D Investment And Performance Of Technological Enterprises

Innovation ability is an important indicator that reflects the country’s scientific and technological strength.Technological R&D boost technological innovation,and are indispensable in the R&D projects of enterprises.Scientific research achievements have undertaken all links in the industrial chain and promoted the enhancement of innovation capabilities of technology-based enterprises.The investment in R&D is of great significance to Hebei Province’s transformation of economic growth mode.The research objects selected the data of 35 Hebei A-share and B-share technology listed companies from 2015 to 2019 as samples,and used multiple linear regression and panel data to analyze the effects of Hebei Province government subsidies on the R&D investment and performance of technology companies.The research on the impact shows that the R&D investment intensity of scientific and technological enterprises in Hebei Province is significantly negatively correlated with corporate profitability.The intensity of government subsidies has a positive and positive impact on the R&D investment intensity of enterprises.The R&D investment intensity of enterprises has a positive impact on corporate performance.Bring a negative impact.Based on the results of the research,specific suggestions are made for the sustainable development path of Hebei’s science and technology enterprises: based on the perspective of government tools,promote mandatory government tool guidance to assist corporate scientific research activities;increase market-based government tool support to stimulate corporate innovation vitality;rely on The integration of information-based government tools fosters new momentum for enterprise development.Based on the perspective of the government’s role,create a good corporate R&D environment,provide public goods and services;establish a high-quality scientific research team,and focus on the cultivation of innovative talents.Based on the perspective of technology-based enterprises,attach importance to R&D activities and plan long-term development vision;effectively use R&D investment funds to maintain the advanced nature and modernity of the enterprise.Figure 12;Table 25;Reference 67...