Abstract:The identification of high-tech enterprises is a major measure for the Chinese government to stimulate the innovation vitality of enterprises and enhance the enthusiasm of R&D. Based on the data of A-share listed companies, this paper analyzes the impact of high-tech enterprise recognition on R&D investment by using panel data from 2007 to 2018, and examines the adjustment effect of rent-seeking factors on this impact. Through empirical discovery: high-tech enterprises can indeed enhance the R&D investment of enterprises, and the promotion effect of high-market areas is stronger than that of low-market areas; the generation of rent-seeking behavior will inhibit this promotion, and enterprises in low-market areas The suppression effect is more obvious; the short-term policy catering to the investment is a major factor for high-tech enterprises to enhance the R&D investment of enterprises, and the positive correlation between the R&D investment level of low-market areas and the high-tech enterprise recognition year is more significant. We suggest that we should further improve the procedures and methods for the identification of high-tech enterprises. At the same time, we must raise the level of marketization and stimulate the independent innovation and R&D investment of enterprises. Initiative.
