Research on the effect of financial subsidies on firm performance: Based on the mediating effect of R&D investment

DOI

10.2991/978-94-6463-326-9_18How to use a DOI?

Keywords

Financial subsidy; Enterprise performance; Research and development investment; Mediating effect

Abstract

In recent years, small and medium-sized enterprises have made important contributions to promoting economic development. As a favorable measure for the government to encourage innovation, financial subsidies are of great significance to ease the financing difficulties of enterprises. The data of manufacturing enterprises in GEM from 2017 to 2022 were selected as samples to analyze the relationship between fiscal and tax policies, R&D investment and enterprise performance. The results show that financial subsidies have positive incentive effect on R&D investment; R&d investment has a significant positive effect on firm performance. R&d investment has a partial mediating effect between financial subsidies and innovation performance.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Jing Liu
AU  - Zhiling Le
PY  - 2023
DA  - 2023/12/30
TI  - Research on the effect of financial subsidies on firm performance: Based on the mediating effect of R&D investment
BT  - Proceedings of the 2023 3rd International Conference on Business Administration and Data Science (BADS 2023)
PB  - Atlantis Press
SP  - 173
EP  - 180
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-326-9_18
DO  - 10.2991/978-94-6463-326-9_18
ID  - Liu2023
ER  -