Analysis on the Impact of R&D Investment on Regional Innovation Achievements in the Yangtze River Delta

DOI

10.2991/aebmr.k.210409.022How to use a DOI?

Keywords

R&D input, Government Subsidy, Innovation achievement, Influence mechanism, Yangtze River Delta

Abstract

Technological innovation is the only way to maintain sustainable and high quality development in China. In order to further implement the policy of deepening scientific and technological reform, China has promulgated various policies to support innovation to promote the transformation and upgrading of the economic system. However, the effective conversion rate of Chinese enterprise patents is not high, which seriously affects the role of “catalyst” of national policy funds.Most of the existing research is focused on the analysis of inputs and outputs in the national market, But regional policies are not only typical, It is also more suitable for the reference of decision makers in the region. Based on data samples of Wuxi A stock market listed companies from 2010 to 2018, Using a fixed effect panel model, A comprehensive survey of the impact of R&D investment on enterprise innovation results, When the number of patent applications is found to be the explanatory variable, Government subsidies, net R & D investment, profitability and asset size can significantly enhance innovation capabilities, But when the patent license number is the explanatory variable, Government subsidies cannot have a significant impact on the innovation results of enterprises. Revealed that many enterprises with subsidies to do “face project” to cope with the inspection phenomenon, this led to a significant reduction in the role of government subsidies. Therefore, This article suggests:(1) Wuxi government should adopt policy guidance, Converts the R&D input mode to an enterprise-based input, (a) The mode of subsidization by the Government; (2) After the Government has released funds, To strengthen the supervision and management of funds, Promote enterprises to really invest this money in technological innovation; (3) The government should lead a diversified R & D investment system, Broaden the financing channels of small and medium-sized enterprises in the market.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Chou Mo
AU  - Chengyi Pu
PY  - 2021
DA  - 2021/04/12
TI  - Analysis on the Impact of R&D Investment on Regional Innovation Achievements in the Yangtze River Delta
BT  - Proceedings of the 9th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2020)
PB  - Atlantis Press
SP  - 139
EP  - 144
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210409.022
DO  - 10.2991/aebmr.k.210409.022
ID  - Mo2021
ER  -