Title: The impact of industrial internet policy subsidies on corporate development: an empirical analysis of Chinese IIoT listed companies

Authors: Fateh Saci

Addresses: Department Law, Economics and Management, UPR CHROME – University Nîmes – University of Mayotte, 8 Rue De l'Université, Iloni, BP 53, 97660, Mayotte, France

Abstract: Based on 139 industrial internet of things (IIoT) listed companies from 2014 to 2019, this paper conducts empirical research to further explore the impact of industrial subsidy policies mainly from two aspects: companies' R&D investment and revenue growth. The result shows that policy subsidies directly support companies' R&D investment, especially for industrial and private enterprises; whilst policy subsidies and companies' revenue growth are not significantly related. This indicates that policy subsidies have not been effectively transmitted to corporate performance. It is found that China's IIoT industry has achieved a rich level with various applications and multiple industrial platforms. Additionally, a well-structured policy framework has been realised. However, China's IIoT industry, whether in terms of volume or competitiveness, has a gap with the world's leading development level. This paper also proposes three suggestions for supporting IIoT policies in the conclusion.

Keywords: industrial internet of things; IIoT; policy subsidies; R&D investment; revenue growth.

DOI: 10.1504/IJMTM.2024.143490

International Journal of Manufacturing Technology and Management, 2024 Vol.38 No.6, pp.515 - 539

Received: 13 Jun 2023
Accepted: 16 May 2024
Published online: 23 Dec 2024 *

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