Proceedings of the 2022 2nd International Conference on Education, Information Management and Service Science (EIMSS 2022)

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Research on the Relationship Between Government Subsidies, Innovation Investment Intensity and Enterprise Value of Military Companies

Authors
Wei Wang1, *, Yabo Tao1
1Financial Management Department, Hohai University, Nanjing, China
*Corresponding author. Email: 1334708959@qq.com
Corresponding Author
Wei Wang
Available Online 12 December 2022.
DOI
10.2991/978-94-6463-024-4_24How to use a DOI?
Keywords
Military industry company; Entropy method; Synergy theory; Enterprise value
Abstract

Based on the panel data of listed companies in the Military-civilian integration board of Shanghai and Shenzhen Stock Exchanges from 2015 to 2019, this paper uses entropy weight method to optimize indicators and constructs a new enterprise value comprehensive evaluation index. From the perspective of civil-military integration, the relationship between government subsidies, innovation investment intensity and enterprise value is empirically analyzed. It is found that there is a significant negative correlation between government subsidies and enterprise value, and the current government subsidies are inefficient. However, there is no significant correlation between the intensity of innovation input and enterprise value, and the impact of innovation input on the improvement of enterprise value in the current period is not obvious. Finally, based on the research results and based on the synergy theory, relevant suggestions are put forward to enhance enterprise value and promote the in-depth development of civil-military integration strategy.

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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Volume Title
Proceedings of the 2022 2nd International Conference on Education, Information Management and Service Science (EIMSS 2022)
Series
Atlantis Highlights in Computer Sciences
Publication Date
12 December 2022
ISBN
978-94-6463-024-4
ISSN
2589-4900
DOI
10.2991/978-94-6463-024-4_24How to use a DOI?
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.

Cite this article

risenwbib
TY  - CONF
AU  - Wei Wang
AU  - Yabo Tao
PY  - 2022
DA  - 2022/12/12
TI  - Research on the Relationship Between Government Subsidies, Innovation Investment Intensity and Enterprise Value of Military Companies
BT  - Proceedings of the 2022 2nd International Conference on Education, Information Management and Service Science (EIMSS 2022)
PB  - Atlantis Press
SP  - 222
EP  - 231
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-024-4_24
DO  - 10.2991/978-94-6463-024-4_24
ID  - Wang2022
ER  -