Abstract
Based on the panel data of Shanghai and Shenzhen A-share listed com- panies in the pharmaceutical manufacturing industry from 2012 to 2021, a PVAR model is established to study the interaction relationship between government subsidies, enterprise risk-taking and innovation performance by using analytical methods such as Granger causality test, impulse response function and variance decomposition. The results of the study show that government subsidies and en- terprise risk-taking have a significant inhibitory effect on innovation perfor- mance, and enterprise risk-taking has a significant promotional effect on govern- ment subsidies.
| Original language | English |
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| Title of host publication | 3rd International Conference on Management Science and Software Engineering (ICMSSE 2023) |
| Publication status | Published - 23 Jul 2023 |
| Event | 3rd International Conference on Management Science and Software Engineering (ICMSSE 2023) - Qingdao, China Duration: 21 Jul 2023 → 23 Jul 2023 |
Conference
| Conference | 3rd International Conference on Management Science and Software Engineering (ICMSSE 2023) |
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| Country/Territory | China |
| Period | 21/07/23 → 23/07/23 |
Keywords
- government subsidies
- enterprise risk-taking
- innovation perfor- mance