IDEAS home Printed from https://ideas.repec.org/a/spr/jknowl/v15y2024i3d10.1007_s13132-023-01682-2.html
   My bibliography  Save this article

Research on the Asymmetric Influence of Non-R&D Subsidy and R&D Subsidy on Digital Enterprises Performance

Author

Listed:
  • Guoge Yang

    (Xinjiang University
    Xinjiang University)

  • Feng Deng

    (Xinjiang University
    Xinjiang University)

  • Mingyue Du

    (Beijing Technology and Business University)

Abstract

Digital technology innovation has become the core element driving economic development. Digital enterprise innovation improves performance, which is of great significance for effectively releasing digital dividends and achieving high-quality economic development. Based on the panel data of listed enterprises in China’s digital industry in 2008 and 2021, this study uses the two-way fixed effect model to discuss the influence and mechanism of government subsidies on the digital enterprises performance (DEP). Results show that: first, non-research and development (R&D) subsidies can improve the DEP effectively, however, R&D subsidies have a significant inverted U-shaped effect on DEP, and which show a marginal decreasing trend with the improvement of DEP. Second, mechanism tests show that technological innovation plays a mediating role in the process of non-R&D and R&D subsidies affecting DEP. State-owned property rights strengthen the positive impact of R&D subsidies on DEP. Third, heterogeneity tests show that lowering financing constraints enhances the impact of non-R&D and R&D subsidies on DEP, respectively. The improvement of corporate governance and R&D investment strengthens the promotion effect of non-R&D subsidies on DEP. Furthermore, improvements in network infrastructure strengthen the inverted U-shaped relationship between R&D subsidies and DEP. This study provides a valuable reference for the formulation of high-quality development incentive policies for digital enterprises.

Suggested Citation

  • Guoge Yang & Feng Deng & Mingyue Du, 2024. "Research on the Asymmetric Influence of Non-R&D Subsidy and R&D Subsidy on Digital Enterprises Performance," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 14749-14786, September.
    • Handle: RePEc:spr:jknowl:v:15:y:2024:i:3:d:10.1007_s13132-023-01682-2
    DOI: 10.1007/s13132-023-01682-2
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s13132-023-01682-2
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s13132-023-01682-2?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jknowl:v:15:y:2024:i:3:d:10.1007_s13132-023-01682-2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.