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- W2990597316 abstract "This study investigates the effects of R&D subsidies on firms’ innovation using panel data of Chinese listed firms from 2008 to 2013. Through propensity score matching method, we determine that recurrent, high-tech firms are more likely to receive public grants. Moreover, firms affiliated with higher-level governments and located in minimally marketised regions have a higher probability of receiving government financial support. China's state intervention to correct market failure related to firms’ R&D activity is confirmed to be reasonable in an observable time given an instantaneous additionality effect. However, the stimulation effect of R&D subsidies on innovation outputs has not been verified. Results obtained through a continuous matching method show no optimal amount of R&D subsidies for firms in China, but a declining yet a positive marginal effect of treatment has been identified given an increase in the amount of R&D subsidies." @default.
- W2990597316 created "2019-12-05" @default.
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- W2990597316 date "2019-11-19" @default.
- W2990597316 modified "2023-09-30" @default.
- W2990597316 title "Effect of government R&D subsidies on firms’ innovation in China" @default.
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- W2990597316 doi "https://doi.org/10.1080/19761597.2019.1693901" @default.
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