政府补贴、高管团队社会资本与企业创新合作

叶阳平; 马文聪

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科研管理 ›› 2023, Vol. 44 ›› Issue (5) : 85-95.

论文

政府补贴、高管团队社会资本与企业创新合作

叶阳平¹,马文聪^2,3

作者信息 +

Government subsidies, top management team social capital, and innovation cooperation of enterprises

Ye Yangping¹, Ma Wencong^2,3

Author information +

文章历史 +

摘要

本文基于我国2008—2018年上市公司的数据，探讨政府研发补贴对企业创新合作的差异化影响效应。具体而言，本文探讨了高管团队社会资本的调节作用以及研究了高管团队社会资本的调节作用在异质性企业中所存在的差异。进一步地，本文还探讨了不同细分类型的高管团队社会资本对政府研发补贴与企业创新合作关系的调节效应。研究结果表明：政府研发补贴能够正向影响企业的创新合作；高管团队社会资本在政府研发补贴与创新合作的关系中起正向调节作用；高管团队社会资本只有在高新技术企业、非国有企业以及小规模企业中才能显著调节政府研发补贴与企业创新合作的关系；高管团队的海外社会资本、学术社会资本能够显著调节政府研发补贴与企业创新合作的关系，而金融社会资本的调节作用并不显著。本文可以为政府相关部门合理制定促进企业间创新合作的研发政策提供理论依据，也可以为企业管理者提高企业创新合作效率提供决策支持。

Abstract

Both governments and firms should draw attention to how to solve the problem of low efficiency of innovation cooperation of enterprises. Based on the practice and the literature review of the relationship between government R&D subsidies and innovation cooperation of enterprises, this paper takes the panel data of China′s A-share listed companies from 2008 to 2018 as samples, investigated the differential effect of government R&D subsidies on innovation cooperation of enterprises. To be more specific, the moderating effect of Top Management Team(TMT) social capital were discussed and the differences in the moderating role of TMT social capital between heterogeneous firms were investigated. Further, this paper discussed the moderating effect of different types TMT social capital on the relationship between government R&D subsidies and innovation cooperation.
The research results showed that government R&D subsidies can promote firm′s innovation cooperation. The TMT social capital positively moderated the relationship between government R&D subsidies and innovation cooperation. The TMT social capital significantly moderated the relationship between government R&D subsidies and innovation cooperation of enterprises only in high-tech firms, non-state-owned enterprises and small- scale firms. TMT overseas social capital and TMT academic social capital significantly moderated the relationship between government R&D subsidies and innovation cooperation of enterprises, while the moderating effect of TMT financial social capital is not significant.
This paper makes the following contributions. First, this paper adopted a more accurate measurement of innovation cooperation of enterprises and provided more abundant and detailed micro evidence for evaluating the effectiveness of government R&D subsidies in China from the perspective of R&D subsidies′ behavioral additionality. Second, existing literatures mainly discussed the moderating effect of firm′s basic characteristic variables on the R&D subsidies′ behavioral additionality, ignoring the initiative of TMT in firm strategic management decisions. Based on the perspective of firm strategic management, this paper explores the moderating effect of TMT social capital on the relationship between government R&D subsidies and innovation cooperation of enterprises, which provide a new perspective to explain the differential effect of government R&D subsidies on innovation cooperation of enterprises. Third，most of the existing literature regarded the internal factors of the firm, such as firm size and manager′s cognition, as the main factors affecting innovation cooperation of firm. This paper investigated the impact of government R&D subsidies on innovation cooperation, which could expand and supplement the relevant literature on external factors affecting innovation cooperation of enterprises.
The main policy implications from the perspective of policy makers and firm′s manager are as follows. On the one hand, government can promote technological innovation cooperation between firms using R&D subsidies. While allocating R&D subsidies, it is necessary for government to consider the heterogeneity of TMT in firms. More subsidies should be given to high-tech firms, non-state-owned firms and small firms. On the other hand, TMT needs to use their social capital to communicate with other organizations in order to obtain more market information that is conducive to firms′ decision-making. In particular, TMT of high-tech firms, non-state-owned firms, and small-size firms need to play their role in alleviating information asymmetry, so as to improve the level of mutual trust between firms and improve the efficiency of using government R&D subsidies.

导出引用

叶阳平马文聪. 政府补贴、高管团队社会资本与企业创新合作[J]. 科研管理. 2023, 44(5): 85-95

Ye Yangping, Ma Wencong. Government subsidies, top management team social capital, and innovation cooperation of enterprises[J]. Science Research Management. 2023, 44(5): 85-95

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基金

国家自然科学基金项目：“我国创新政策工具组合对企业研发投入和绩效的影响机制”（71874036，2019.01—2022.12）；国家自然科学基金项目：“以科技产业为导向的粤港澳大湾区国际科技创新中心形成机制研究”（U1901222，2020.01—2024.12）；广东省自然科学基金资助项目：“政府研发补贴对企业合作创新和创新质量的影响研究”(2022A1515011019，2022.01—2024.12)。