政府补助、探索式创新意愿与企业市场竞争力的关系研究

Study on the relationship between government subsidies, willingness to explore innovation and market competitiveness of enterprises

摘要:

基于2010-2017年的153家A股上市公司为研究样本,实证分析了政府补助、探索式创新意愿与企业市场竞争力间的关系,研究表明：政府补助对企业市场竞争力有显著的正向影响；政府补助对企业的探索式创新意愿有显著的正向影响；企业的探索式创新意愿在政府补助与企业市场竞争力间存在部分中介作用。考虑到CEO心理特征在企业经营决策中的重要影响,本文将CEO自恋这一心理特征变量同时纳入模型,研究表明CEO自恋水平在政府补助对探索式创新意愿的关系间会起到助推作用。文章为政府补助的配置效率提供了新的解释,也为企业选聘CEO的过程中提供了积极的指导。

Abstract:

Based on the research sample of 153 a-share listed companies from 2010 to 2017, the empirical analysis of the relationship between government subsidies, willingness to explore innovation and enterprise market competitiveness shows that: government subsidies have A significant positive impact on enterprise market competitiveness;Government subsidies have a significant positive impact on firms" willingness to explore innovation;The exploratory innovation intention of enterprises plays an intermediary role between government subsidy and market competitiveness of enterprises.Considering the important influence of the CEO"s psychological characteristics on the business decision-making, this paper included the psychological characteristic variable of CEO narcissism into the model at the same time. The study showed that the level of CEO narcissism would play a boosting role in the relationship between government subsidies and the willingness to explore innovation.This paper provides a new explanation for the allocative efficiency of government subsidies and a positive guidance for enterprises in the process of selecting ceos.