地方政绩诉求、政府研发补贴与企业创新效率关系研究

近年来“逆全球化”浪潮愈演愈烈，如何通过科技与制度创新促进国家经济高质量发展，成为未来掌握国际市场主动权的关键。基于政治晋升锦标赛理论，研究地方政绩诉求影响企业创新效率的深层次制度原因，并构建有调节的中介模型，探讨政府研发补贴在二者间的中介作用及创新氛围的调节作用。通过对2013—2018年A股上市公司样本的实证分析，研究发现：①地方政绩诉求对企业创新效率起显著抑制作用；②政府研发补贴在地方政绩诉求与企业创新效率之间起部分中介作用；③创新氛围在地方政绩诉求影响企业创新效率的后半段中介路径起负中向调节作用，即在创新氛围较淡薄的情况下，政府研发补贴对企业创新效率的影响更显著。因此，地方政绩诉求不仅直接影响企业创新效率，还通过研发补贴间接影响企业创新效率；创新氛围调节地方政绩诉求对企业创新效率的影响。

Local Government Performance Appeal,Government R&D Subsidies and Enterprise Innovation Efficiency

In recent years, the tide of "anti-globalization" is becoming increasingly fierce. How to promote the high-quality development of national economy through innovation of science and technology and system is the key to grasp the initiative of the future international market.Based on the theory of political promotion championship, this paper studies the deep institutional reasons for the influence of local governments' demands for political achievements on the innovation efficiency of enterprises, constructs a moderated mediator model, and discusses the mediating effect of government R&D subsidies between them and the moderating effect of innovation atmosphere.Through the empirical analysis of the sample of A-share listed companies from 2013 to 2018, the research finds that: ①The local government's demand for political achievements has A significant restraining effect on the innovation efficiency of enterprises;②Government r & D subsidies play a part of the intermediary role between local government performance demands and enterprise innovation efficiency;③The innovation atmosphere in the local government demands affect the enterprise innovation efficiency of the intermediary path in the second half plays a negative regulating role, that is, in the case of a low innovation atmosphere, the government research and development subsidies have a greater impact on the innovation efficiency of enterprises.Conclusion: The appeal of local government performance not only directly affects the innovation efficiency of enterprises, but also indirectly affects the innovation efficiency of enterprises through R&D subsidies.The innovation atmosphere moderates the influence of local government's achievement demands on the innovation efficiency of enterprises.