The Impact Of Government Subsidies On Enterprise R&D Innovation

In order to stabilize China’s global economic position,seize the dominant position and voice of more core technologies,and better grasp future development opportunities,we must strengthen the R&D and innovation level of enterprises.In order to help the high-quality development of China’s social economy,the government needs to pay more attention to,promote and develop strategic emerging industries and create a good social atmosphere for enterprise R&D and innovation.Therefore,the government should do a good job in the guiding role of financial funds to help enterprises deal with risks in the market more flexibly.Many scholars have found that the financial subsidies issued by the government can promote the development of enterprises to a great extent,so as to help the overall development of industries and regions.For example,the booming new energy vehicles in recent years have developed rapidly in the huge subsidies,and the total income of enterprises has increased significantly.Based on the theoretical research of scholars at home and abroad,combined with empirical research,this paper uses stata16 0 statistical analysis tools are used to analyze and verify the hypothesis.Taking the data of relevant listed companies in the three industries of new energy,new energy vehicles and energy conservation and environmental protection in strategic emerging industries as research samples,this paper explores the impact of government subsidies on Enterprise R&D investment and innovation from the Perspective of energy conservation and environmental protection.At the same time,this paper will also study the impact of government subsidies on Enterprise R&D innovation.In addition,according to the region of the enterprise,the enterprise is divided into eastern,central and western regions to further explore whether the level of local economic development will affect the utilization efficiency of government subsidiesThis paper draws the following conclusions:first,government subsidies can promote the R&D and innovation activities of strategic emerging industries and bring substantial economic benefits to promote the development of enterprises;Second,the impact of government subsidies on R&D and innovation of strategic emerging industries in different industries is different.The impact of government subsidies on energy conservation and environmental protection industry is more significant than that of new energy and new energy automobile industry.With the support of government subsidies,energy conservation and environmental protection industry may still have a lot of development potential to be tapped;Third,the level of local economy will affect the R&D and innovation activities of government subsidies for strategic emerging industries.Fourth,under the influence of the decline of government subsidies,the R&D and innovation activities of enterprises have not weakened.Government subsidies are helpful for the long-term and stable development of enterprises.This paper puts forward the following suggestions:first,guide enterprises to improve R&D vitality,so as to improve the accuracy of government subsidies;Second,enterprises should cooperate with the government and jointly improve the supervision system of subsidy funds and the evaluation mechanism of the effect of subsidy policies;Third,guide enterprises to adapt to marketization,develop large-scale and enhance industrial strength,so as to further reduce their dependence on government subsidies;Fourth,build a diversified financing guarantee system and increase the opportunities for strategic emerging industries to be listed on the main board and gem for direct financing.