摘要
专精特新企业是激发创新活力、完善产业生态不可或缺的关键主体,也是我国构建双循环新发展格局的重要力量。政府补助作为引导专精特新企业高质量发展的重要手段,能否促进企业提高研发人员投资、营造良好创新环境值得深入探究。本文基于A股上市公司中专精特新企业2018—2021年数据,探讨政府补助对企业研发人员薪酬安排的影响及其作用机理,并进一步探究项目属性类政府补助与待遇属性类政府补助对企业人员薪酬安排的影响是否存在差异性。结果表明,政府补助可以通过认证效应,提高企业的市场关注度与产学研协同能力,进而促进企业加大研发人员投入;相比待遇属性类政府补助,项目属性类政府补助对研发人员薪酬安排的影响更为显著;政府补助会因企业和区域特征而产生差异化效果;进一步分析表明,政府补助扶持企业薪酬水平提升有助于增加企业的长期价值。相关结论对理解企业创新活动中的政府补助定位及政策的后续推进提供了经验启示。
Specialized and sophisticated SMEs are an indispensable force to stimulate innovation vitality and improve industrial ecology and also an important force to build a“dual circulation”development pattern.As an important means to guide the high-quality development of specialized and sophisticated SMEs,whether government subsidies can encourage enterprises to increase investment in R&D personnel is worthy of in-depth exploration.Based on the data of the specialized and sophisticated SMEs in China s A-share listed companies from 2018 to 2021,this paper discusses the influence and mechanism of government subsidies on the salary arrangement of R&D personnel in enterprises.The results show that the government subsidies can improve the market attention of enterprises and the collaboration ability of industry-university-research through the certification effect,and then promote enterprises to increase R&D personnel investment;compared with the government subsidies of treatment attributes,the impact of the government subsidies of project attributes on the R&D salary arrangement is more significant;government subsidies will have different effects depending on the characteristics of enterprises and regions.Further analysis shows that government subsidies support enterprise salary arrangement can help increase the long-term value of enterprises.This paper provides experience and enlightenment for understanding the positioning of government subsidies in enterprise innovation activities and the subsequent promotion of policies.
作者
钟玮
胡新宇
ZHONG Wei;HU Xin-yu
出处
《中央财经大学学报》
CSSCI
北大核心
2024年第3期57-71,共15页
Journal of Central University of Finance & Economics
基金
中国财政科学研究院2023年度招标课题“预算绩效信息质量优化研究——基于国际比较视角”(项目编号:2023ZB-LL03)。
关键词
政府补助
项目属性
研发人员薪酬安排
专精特新企业
Government subsidy
Project property
Salary arrangement of enterprise R&D personnel
Specialized and sophisticated SMEs
