Do subsidy increases promote or inhibit innovation? Evidence from Chinese enterprises listed on the SSE STAR Market

• Published in: Chinese management studies Vol. 18; no. 1; pp. 107 - 128
• Main Authors: Xiaobao, Peng, Wu, Jian
• Format: Journal Article
• Language: English
• Published: Bradford Emerald Publishing Limited 02.01.2024; Emerald Group Publishing Limited
• Subjects: Empirical analysis; Failure; Government subsidies; Hypotheses; Incentives; Innovations; Market economies; R&D; Rent-seeking; Research & development; Research & development expenditures; Subsidies; Synergistic effect; China; CEO shareholding; Innovation performance; SSE STAR market; R&D investment; Government subsidies

Purpose This study aims to comprehensively investigate the relationship between government subsidies and innovation performance in Chinese enterprises listed on the SSE STAR Market. Design/methodology/approach An unbalanced sample, covering 285 observations in 215 enterprises listed on the SSE STAR...