Government R&D Subsidies,Social Relationship Networks and the Quality of Enterprise Innovation
Sci-tech self-reliance and self-strengthening at higher levels is an inherent demand for high-quality economic development.Enterprises are important drivers of technological progress.In order to fully leverage their role as the main body of innovation,the government has invested huge subsidies to support enterprises in carrying out innovation activities.Since 2011,China has consistently ranked first in the world in terms of patent applications.Breakthroughs have been made in some key core technologies,but behind the prosperity of patent technology,there are also innovations such as lack of application value,and some areas still face technological bottlenecks.With the decline of closed innovation,more and more companies are choosing open innovation and seeking external resources by embedding social networks to compensate for the lack of internal innovation resources.Therefore,it is of great significance to explore how government R&D subsidies affect the quality of enterprise innovation from the perspective of social relationship networks.This article takes listed companies in the high-end equipment manufacturing industry as research samples.Enterprise innovations are distinguished into high-quality innovation and ordinary innovation based on the high value invention patent standards defined by the State Intellectual Property Office.The fixed effects panel regression method was used to examine the impact of government R&D subsidies on high-quality innovation and ordinary innovation,as well as the moderating effect of social relationship networks.To further clarify the impact of government R&D subsidies on the quality of enterprise innovation,this article also conducts heterogeneity analysis from two aspects:property heterogeneity and intellectual property protection degree.The research results are as follows:(1)Government R&D subsidies promote high-quality innovation,but they also lead to ordinary innovation.(2)The social relationship network negatively regulates the relationship between government R&D subsidies and high-quality and ordinary innovation.For peripheral enterprises,government R&D subsidies have a significant positive impact on their high-quality and ordinary innovation.As for core enterprises,government R&D subsidies have no significant impact on their high-quality innovation,but have a negative impact on ordinary innovation.(3)Government R&D subsidies affect enterprises'high-quality innovation through resource guarantee effect,while the mediating effect of signal transmission is not obvious.As for ordinary innovation,government R&D subsidies have significant impact on it through opportunistic strategies.(4)The impact of government R&D subsidies on the quality of enterprise innovation shows significant differentiation in terms of the nature of enterprise property rights and the degree of intellectual property protection.The contribution of this article lies in:(1)The segmentation effect of government R&D subsidies on enterprise innovation quality is clarified.This study divides innovation into high-quality innovation and ordinary innovation,and clarifies the subdivision effects of government R&D subsidies on them from three aspects:resource guarantee,signal transmission and opportunistic strategies.(2)This paper deconstructs the moderating mechanism of social relationship networks from three dimensions:resource guarantee,signal transmission and opportunistic strategies.(3)Based on the dynamic perspective,this study discriminates and defines the connotation of innovation quality from the relationship between technological value and economic value,and measures the innovation quality of enterprises on the basis of improving the evaluation criteria of high-value invention patents proposed by the State Intellectual Property Office,which is a useful supplement to the existing research.
social relationship networkgovernment research and development subsidiesinnovation qualityhigh quality innovation
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