Author(s)

Xiujie Yao

Jinan University, Guangzhou, China.

To explore the relationship between the forms of innovative subsidies and corporate innovation performance and study the policy’s influence factors, we have compared the two forms of innovative subsidies for government subsidies and R&D tax super-deduction policy, by conducting an empirical study on A-share listed companies from 2006 to 2016 based on the propensity score matching and difference-in-difference method. Results indicate that innovation performance is negatively affected by the direct government subsidies, which is especially significant for non-state-owned enterprises. While the R&D tax super-deduction policy is significantly improving the innovation performance of the enterprise, whether for state-owned or non-state-owned enterprises, the positive effect is equally significant.

Government Subsidies, R&D Tax Super-Deduction Policy, Innovation Performance of Enterprises

Yao, X. (2019) Do Innovation Subsidies Policy Improve the Innovation Performance of Enterprises?. Open Journal of Social Sciences, 7, 1-12. doi: 10.4236/jss.2019.72001.