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The Signal Effect of Government R&D Subsidies in China: Do Ownership Matter? Technological Forecasting & Social Change(SSCI源刊), 2017,117(4):339-345.

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loveone: 金币+10, ★★★★★最佳答案 2017-06-26 15:01:32
心静_依然: LS-EPI+1, 感谢应助 2017-06-26 17:22:14
The signal effect of Government R&D Subsidies in China: Does ownership matter?

作者:Aihua Wu

Technological Forecasting and Social Change

卷: 117  

页: 339-45  

DOI: 10.1016/j.techfore.2016.08.033   

出版年: April 2017  

摘要

R&D subsidies as a policy instrument are used to reduce market failure, apart from its input and output additionality, the notion of behavioural additionality has caused increasingly interest. We focus on the signal/certification effect of behavioural additionality, which means that government grants may serve as a signal for private investors. The signal effect is a certification enhancing a firm's access to external finance. The objective is to examine the impact of different ownership nature to the signal/certification effect. We use data on Chinese listed corporations from 2009 to 2013. The results show that receiving R&D subsidies increases the likelihood that firms will raise external finance, and the state-owned enterprises can receive more subsidies than private enterprises. However, the signal effect of R&D grants is stronger in private enterprises than that in state-owned enterprises of China, indicating that the ownership nature does matter in the R&D subsidies certification effect. This paper enriches current literature of government R&D subsidies by providing empirical evidences in Chinese mixed market. [All rights reserved Elsevier].
作者信息

作者地址: Aihua Wu; Sch. of Bus., Ludong Univ., Yantai, China.
出版商

Elsevier B.V., Netherlands
类别 / 分类

研究方向:Engineering; Business & Economics; Computer Science; Social Issues (由 Clarivate Analytics 提供)

分类代码:E1030 Research and development; E0110 Organisational aspects; E0120K Financial management; E0220 Economics; E0260 Social and political issues

CODEN:TFSCB3

受控索引:certification; financial management; government policies; organisational aspects; public finance; research and development

非受控索引wnership; government R and D subsidies; signal-certification effect; China; private enterprises; state-owned enterprises; external finance; government grants; behavioural additionality
文献信息

文献类型:Journal Paper

语种:English

入藏号:INSPEC:16895709

ISSN:0040-1625

参考文献数:51
期刊信息

    Impact Factor (影响因子): Journal Citation Reports

其他信息

处理类型:Economic, Practical

文献号:S0040-1625(16)30667-9
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2楼2017-06-26 14:58:47
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loveone

铁杆木虫 (正式写手)

引用回帖:
2楼: Originally posted by 一直向前走走 at 2017-06-26 14:58:47
The signal effect of Government R&D Subsidies in China: Does ownership matter?

作者:Aihua Wu

Technological Forecasting and Social Change

卷: 117  

页: 339-45  

DOI: 10.1016/j.techf ...

版主好,请问,有没有wos号啊?
3楼2017-06-26 15:08:31
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