突破传统的宏观效应研究,从微观视角考察了反腐败行动对企业创新决策的影响。基于中国A股上市公司2007-2013年数据的实证研究表明,反腐败行动有利于促进企业创新投入,随着地区反腐败力度的增加,企业R&D投资强度得到显著提升。相对于国有企业,反腐败对民营企业R&D投资的驱动作用更加明显;相对于政府管制行业,反腐败对自由竞争企业R&D投资的积极作用表现更充分。从企业层面拓展了对腐败经济后果的理论认知,也从一定程度上驳斥了当前社会存在的"反腐败阻碍了经济增长"的谬论。
The paper breaks through the traditional macro effect research, and focus on the effect of anti-corruption on enterprise innovation decisions from a micro perspective Empirical study based on Chinas A shares listing Corporation 2007-2013 data shows: that the anti-corruption is conducive to promoting enterprise innovation investment, that is, with the increase in regional anti-corruption efforts^ the enterprise R&D investment strength significantly increased. We also foundthat? compared with the state-owned enterprises^ anti-corruption on private enterprise innovation investment driving effect is more obvious; at the same time,relative: to the control industry, the positive effect of anti-corruption on the innovation investment of free competitive enterprises is more fully. This study extends the theoretical knowledge of the economic consequences of corruption. At the same time, refutes "anti-corruption hindered the economic growth" fallacy to a certain extent in the current existence.