1 Result(s) for 'Siyu Zhai'
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The Impact of Government Subsidies on the R & D Investment and Business Performance of GEM Enterprises in China
Yazhu Feng, Siyu Zhai
Journal of Finance and Accounting. 2020 8 (1). doi: 10.12691/jfa-8-1-3
Keywords: government subsidies, R & D investment, business performance, mediating effect
Context: Based on the data of China's GEM companies from 2015 to 2017, this paper uses linear regression analysis model to verify the relationship among government subsidies, R&D investment and business performance. The results show that government subsidies have no significant impact on business performance, but when the intensity of government subsidies increases, the R & D investment of GEM enterprises also increases significantly. On this basis, we also concluded that the existence of R & D investment makes the government subsidies to be positively correlated with the business performance. Therefore, there is a mediating effect of R & D investment between government subsidies and business performance.
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