Title: A study on the influence of government subsidies on enterprises' innovative performance in Chinese patent-intensive industries

Authors: Yifan Zhang; Yunfei Liu; Jingjing Wang; Nuozhou Huang

Addresses: China Institute for Smart Justice, Shanghai Jiao Tong University, Shanghai, 200030, China ' International School of Law and Finance, East China University of Political Science and Law, Shanghai, 200042, China ' School of Automotive, Tongji University, Shanghai, 200092, China ' Shanghai Intellectual College of Intellectual Property, Tongji University, Shanghai, 200092, China

Abstract: The purpose of this article is to analyse the impact of government subsidies on investments in research and development (R&D) and the innovative performance of Chinese patent-intensive industries. Patent-intensive industries listed on the Shenzhen and Shanghai Stock Exchanges from 2013 to 2019 were chosen as the research samples, and the study methods included univariate linear regression and exponential regression analyses. The principal results were as follows: 1) government subsidies had a direct positive effect on firms' innovative performance, and R&D investment played a mediating role; 2) this facilitation effect was greater in state-owned enterprises; 3) the facilitation was also higher in the Greater Bay Area. Accordingly, the government should increase innovation R&D subsidies for patent-intensive enterprises, while enterprises should improve their R&D capabilities, thereby boosting their efficiency of innovation transformation.

Keywords: government subsidies; R&D investment; innovative performance.

DOI: 10.1504/IJTM.2024.137025

International Journal of Technology Management, 2024 Vol.95 No.1/2, pp.173 - 195

Received: 11 Feb 2022
Received in revised form: 28 Jun 2022
Accepted: 09 Dec 2022
Published online: 01 Mar 2024 *

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