Full-Text Search:
Home|Journal Papers|About CNKI|User Service|FAQ|Contact Us|中文
《Securities Market Herald》 2015-11
Add to Favorite Get Latest Update

The Effectiveness of Government Subsidy upon Innovation Investment Empirical Evidence from GEM listed Companies

Yuan Zeming;Guo Jingxian;  
Based on the GEM listed companies from 2010 to 2013, this paper studies the impact of government subsidy on innovation investment, using robust clustering standard deviation method. The result shows that government subsidy has significant incentive effect on innovation investment for the total sample. There is significant positive correlation between government subsidy and innovation investment for samples of under-investment of innovation, but this is no significant for samples of over-investment of innovation. This paper evaluates the effectiveness of the policy on government subsidy by the inefficiency of innovation investment. According to the research conclusion, we put forward reasonable suggestions for government subsidy policy.
【Fund】: 天津财经大学2013年度科研发展基金国家重大(重点)培育专项 项目编号:ZD1305
【CateGory Index】: F275
Download(CAJ format) Download(PDF format)
CAJViewer7.0 supports all the CNKI file formats; AdobeReader only supports the PDF format.
©2006 Tsinghua Tongfang Knowledge Network Technology Co., Ltd.(Beijing)(TTKN) All rights reserved