Journal of Guizhou University of Finance and Economics ›› 2022 ›› Issue (01): 25-35.

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Government Subsidies and Enterprise Production Efficiency - Analysis of the Mediating Effect Based on Different Types of Innovation

HUANG Gui-tian, DU Shuai-shuai   

  1. Research Institute of Jin-merchants Studies, Shanxi University, Taiyuan, Shanxi 030031, China
  • Received:2021-05-17 Published:2022-02-23

Abstract: Government subsidies are an important external resource available in the production process of enterprises. The manufacturing industry occupies a very important position in my country's industrial structure. How to implement government subsidies to effectively improve the production efficiency of manufacturing enterprises requires in-depth research. From the perspective of constructing a new development pattern, this article analyzes the mechanism of government subsidies affecting the production efficiency of enterprises, empirically explores the role of government subsidies in promoting the production efficiency of enterprises, and analyzes the effect of government subsidies on the production of enterprises by acting on different types of innovations. Differentiated effects of efficiency. It is found that government subsidies will indeed promote the improvement of enterprise production efficiency. In this process, the mediating effect of basic R&D innovation and technological transformation innovation accounted for the largest proportion of 15% and 27%, but the mediating effect of product R&D innovation is not significant in the impact of government subsidies on the production efficiency of enterprises. Research provides new ideas for the implementation and application of government subsidy policies and efficient production of enterprises.

Key words: government subsidies, enterprise production efficiency, innovation types, intermediary effects

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