Study on influences of government support on R&D investment to KIBS Firms

Abstract

Abstract: This paper has established a dynamic game model between government and Knowledge Intensive Business Service (KIBS)firms. Then the effects of government support on KIBS firms are discussed theoretically. And empirical tests are carried out though difference-GMM method with panel data of KIBS listed companies. According to the research results, government subsidy has positive impacts on research and development investment of KIBS firms and there is a certain degree of inefficiency. The level of intellectual property rights protection has positive impacts on research and development investment of KIBS firms and public information service has only negative impacts, which are both statistically insignificant. There are obvious complementary effects between government subsidy and the level of intellectual property rights protection and public information service, which obviously become much stronger.

Key words: government support, knowledge intensive business service (KIBS) firms, research and development investment, dynamic panel data model, difference-GMM method

CLC Number:

F719.9

Yang Xiangyang, Tong Xinle. Study on influences of government support on R&D investment to KIBS Firms[J]. Science Research Management, 2014, 35(12): 46-53.

References

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