本文研究明确了中国新兴市场中政府干预对公司研发创新的影响,较为有效地将宏观制度环境因素与企业微观的研发创新行为联系起来;同时揭示了政府干预对不同产权性质的中国企业研发创新的影响.研究发现:理顺政府与市场的关系,减轻农民税费负担、减少政府对企业干预、减轻企业税外负担,有助于推动中国企业进行研发创新;提高市场分配经济资源的比重对中国上市公司研发创新的推动较为有限,甚至在一定程度上会降低中国民营控股上市公司研发创新投入;由于对中国政府消费的依赖,缩小政府规模将显著降低国有企业的研发创新投入;政府干预的市场化改革对国有控股上市公司的研发创新存在较为显著的促进作用,对于推动民营控股上市公司进行研发创新的作用较为有限.
It identified the impact of government intervention on corporate innovation in China emerging market, effec- tively combined the macro institutional environment factors with the micro innovation behaviors of the enterprises, and revealed the impacts of government intervention on the innovation of Chinese corporates with different ownership proper- ties. Specifically, empirical research results indicate that: the marketization of government intervention, including re- ducing the tax burden of farmers, the government intervention in companies and the non-tax burden of companies will help propel corporate innovation; increasing the ratio of economic resources distribution by market plays a relatively limited role in improving corporate innovation of Chinese listed companies and even decreases the innovation investment of China private listed companies to some extent; reducing the government scale will significantly lower the innovation investment of China state-owned enterprises because of their dependence on China government consumption; the mar- ketization reform of government intervention significantly propels the innovation of state-owned enterprises but not private enterprises.