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The Signal Effect of Government R&D Subsidies in China: Do Ownership Matter? Technological Forecasting & Social Change£¨SSCIÔ´¿¯£©, 2017,117(4):339-345.
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2Â¥: Originally posted by Ò»Ö±Ïòǰ×ß×ß at 2017-06-26 14:58:47
The signal effect of Government R&D Subsidies in China: Does ownership matter?

×÷Õß:Aihua Wu

Technological Forecasting and Social Change

¾í: 117  

Ò³: 339-45  

DOI: 10.1016/j.techf ...

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loveone: ½ð±Ò+10, ¡ï¡ï¡ï¡ï¡ï×î¼Ñ´ð°¸ 2017-06-26 15:01:32
Ðľ²_ÒÀÈ»: LS-EPI+1, ¸ÐлӦÖú 2017-06-26 17:22:14
The signal effect of Government R&D Subsidies in China: Does ownership matter?

×÷Õß:Aihua Wu

Technological Forecasting and Social Change

¾í: 117  

Ò³: 339-45  

DOI: 10.1016/j.techfore.2016.08.033   

³ö°æÄê: April 2017  

ÕªÒª

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].
×÷ÕßÐÅÏ¢

×÷ÕßµØÖ·: Aihua Wu; Sch. of Bus., Ludong Univ., Yantai, China.
³ö°æÉÌ

Elsevier B.V., Netherlands
Àà±ð / ·ÖÀà

Ñо¿·½Ïò:Engineering; Business & Economics; Computer Science; Social Issues (ÓÉ Clarivate Analytics Ìṩ)

·ÖÀà´úÂë:E1030 Research and development; E0110 Organisational aspects; E0120K Financial management; E0220 Economics; E0260 Social and political issues

CODEN:TFSCB3

ÊÜ¿ØË÷Òý:certification; financial management; government policies; organisational aspects; public finance; research and development

·ÇÊÜ¿ØË÷Òýwnership; government R and D subsidies; signal-certification effect; China; private enterprises; state-owned enterprises; external finance; government grants; behavioural additionality
ÎÄÏ×ÐÅÏ¢

ÎÄÏ×ÀàÐÍ:Journal Paper

ÓïÖÖ:English

Èë²ØºÅ:INSPEC:16895709

ISSN:0040-1625

²Î¿¼ÎÄÏ×Êý:51
ÆÚ¿¯ÐÅÏ¢

    Impact Factor (Ó°ÏìÒò×Ó): Journal Citation Reports

ÆäËûÐÅÏ¢

´¦ÀíÀàÐÍ:Economic, Practical

ÎÄÏ׺Å:S0040-1625(16)30667-9
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