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The Impact of Government Support and Technological Innovation on Enterprise Performance: A Case Study of Guangdong Hi- tech Enterprises

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  • CHEN WEIJUN

    (Asia Metropolitan University, Malaysia.)

Abstract

In the context of the spread of the global epidemic and economic downturn, promoting enterprises' scientific and technological strength and innovation ability is not only a practical need for building an innovative country but also a way to encourage the development of enterprises to maximize profits. This research focuses on the problems in the process of high-tech enterprises' technological innovation to improve enterprise performance under the conditions of government support. This study analyses the impact of government support on enterprise performance from two aspects: Government subsidies and policy orientation. This research uses the questionnaire method to explore the topic empirically. The research results show that, first, non-selective government subsidies and selective government subsidies are conducive to the improvement of the technological innovation level of enterprises; second, tax preference policies, government procurement policies, and financial support policies help to enhance the technological innovation capabilities of enterprises; third, the non-selective government subsidies and the selective government subsidies can jointly promote the performance of high-tech enterprises; fourth, building support based on diversified policies is the driving force to improve enterprise performance; fifth, technological innovation affects the high-quality development of high-tech enterprises; sixth, technological innovation affects the path of government subsidies to enhance enterprise performance; seventh, give play to the intermediary role of technological innovation in policy orientation to enhance enterprise performance. Given the above conclusions, this study provides specific suggestions for high-tech enterprises to improve their performance from the perspectives of government, industry and enterprises.

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  • Chen Weijun, 2022. "The Impact of Government Support and Technological Innovation on Enterprise Performance: A Case Study of Guangdong Hi- tech Enterprises," International Journal of Science and Business, IJSAB International, vol. 14(1), pages 196-231.
    • Handle: RePEc:aif:journl:v:14:y:2022:i:1:p:196-231
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