Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2142823
Government R&D subsidies and the manipulative innovation strategy of Chinese renewable energy firms
Qianwei Ying
Shanye Yang
Siyi He
Sažetak
Renewable energy technology innovation is the key to alleviating
environmental issues. The Chinese government promotes corporate
innovation in the renewable energy industry by providing
R&D subsidies. This paper investigates the impact of R&D subsidies
on innovation strategies in Chinese renewable energy listed
firms from 2008 to 2017. The results show that R&D subsidies
induce firms to adopt a manipulative innovation strategy that
increases innovation quantity but reduces innovation quality,
especially in regions with low marketization or unfair competition.
We further find that the choice of manipulative innovation strategy
is caused by the flawed subsidy distribution system and
examination procedures of subsidy use. This paper deepens the
understanding of the relationship between government subsidies
and corporate innovation strategy and provides new enlightenments
for emerging economies to enhance the effectiveness of
subsidy policies.
Ključne riječi
Corporate innovation R&D subsidy rent-seeking renewable energy industry
Hrčak ID:
306795
URI
Datum izdavanja:
30.4.2023.
Posjeta: 186 *