Proceedings of the 2023 3rd International Conference on Public Management and Intelligent Society (PMIS 2023)

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The Impact of Inspection Supervision on Firms’ Innovation Performance - An Analysis of the Moderating Effect Based on Financial Subsidies

Authors
Xianyun Wu1, *, Mengke Shang1, Chunhua Lü1
1Dalian Polytechnic University, Dalian, Liaoning, China
*Corresponding author. Email: xianyun1109@163.com
Corresponding Author
Xianyun Wu
Available Online 26 July 2023.
DOI
10.2991/978-94-6463-200-2_130How to use a DOI?
Keywords
Financial subsidies; inspection supervision; multi-period double differential; deterrence theory
Abstract

Innovation is the first driving force to stimulate the vitality of enterprises and promote their high-quality development. Based on the inspection and supervision activities carried out by the Party Central Committee, we construct a multi-period two-difference model to explore the impact of inspection and supervision on corporate innovation. Using data from Shanghai and Shenzhen A-share listed companies from 2010–2019, this paper finds that inspection supervision significantly increases firms’ innovation investment, while having a significant crowding-out effect on firms’ innovation efficiency. After being moderated by financial subsidies, the crowding out of inspection supervision on firms’ innovation output becomes larger.

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 2023 3rd International Conference on Public Management and Intelligent Society (PMIS 2023)
Series
Atlantis Highlights in Intelligent Systems
Publication Date
26 July 2023
ISBN
10.2991/978-94-6463-200-2_130
ISSN
2589-4919
DOI
10.2991/978-94-6463-200-2_130How 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  - Xianyun Wu
AU  - Mengke Shang
AU  - Chunhua Lü
PY  - 2023
DA  - 2023/07/26
TI  - The Impact of Inspection Supervision on Firms’ Innovation Performance - An Analysis of the Moderating Effect Based on Financial Subsidies
BT  - Proceedings of the 2023 3rd International Conference on Public Management and Intelligent Society (PMIS 2023)
PB  - Atlantis Press
SP  - 1228
EP  - 1234
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-200-2_130
DO  - 10.2991/978-94-6463-200-2_130
ID  - Wu2023
ER  -