政府补贴、产权性质与战略性新兴产业创新绩效

政府补贴和产权性质作为战略性新兴产业发展的重要影响因素，其对创新绩效的影响已引起国内外广泛关注。采用Wind数据库中的中国战略性新兴产业上市挂牌公司面板数据，建立随机效应面板数据模型，科学评估政府补贴、产权性质对战略性新兴产业创新绩效的影响。结果发现：①现阶段中国战略性新兴产业政府补贴对企业绩效具有负向激励作用；②由于企业产权性质不同，政府补贴对非国有企业创新绩效的影响大于其对国有企业的影响。最后，提出完善政府补贴监管制度，营造合理透明发展环境，优化政府补贴政策，确保补贴方案因地制宜等政策建议，以期为政府制定更有效的补贴政策提供理论借鉴和决策支持。

A Study on the Government Subsidies,Property Rights and the Innovation Performance of Strategic Emerging Industries based on Microdata of NEEQ and Listed Companies

Government subsidies and property rights are important factors affecting the development of strategic emerging industries. The impact of government subsidies on innovation performance has attracted widespread attention at home and abroad. This study scientifically evaluated the impact of government subsidies and property rights on the development performance of strategic emerging industries through a random effect model based on the panel data of Chinese strategic emerging industries NEEQ and listed companies of the Wind database. The results shed light on that;① government subsidies have a negative incentive effect on corporate performance;② government subsidies have a greater impact on the innovation performance of non-state-owned enterprises than on state-owned enterprises. Finally this study proposed to improve the government subsidy supervision system and create a rational and transparent development environment, optimize government subsidy policy and ensure subsidy programs are tailored to local conditions, with a view to provide theoretical reference and decision support to formulate more effective subsidy policies.