Is There an Optimal Model of Financial Support for Corporate Scientific Research Feedbacks?——Based on the Perspective of Fiscal Concentration of Technology Expenditure
Based on the data of up-scale industrial enterprises in China's provincial regions from 2010 to 2020,the effect of the concentration of fiscal technology expenditures on enterprises'scientific research feedbacks is explored.It is found that increasing the concentration of regional fiscal technology expendi-tures can suppress the intensity and tendency of enterprises'scientific research feedbacks,and from a re-gional perspective,the intensity of feedbacks is stimulated in the eastern region,the tendency of feed-backs is suppressed in the western region,while the tendency of feedbacks is stimulated but the intensity of feedbacks is suppressed in the central region.The analysis of the moderating and threshold effects shows that increasing the intensity of fiscal technology expenditures or enterprise performance can reverse the inhibitory effect of the concentration of fiscal technology expenditures on the intensity of feedbacks,and low enterprise profitability can intensify the inhibitory effect of the concentration of fiscal technology expenditures on the propensity to feedbacks,while increasing profitability can weaken the above inhibito-ry effect.
fiscal technology expenditureconcentrationdecentralizationscientific research feedbacksSYS-GMM
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