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【答案】应助回帖
★ ★ ★ ★ ★ ★ ★ ★ ★ ★
感谢参与，应助指数 +1
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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