A Study on the Impact of Government Subsidies on Business Start-Up Performance
DOI:
https://doi.org/10.54097/fbem.v6i1.2419Keywords:
Government Grants, Corporate Innovation Performance, Internal Corporate Governance.Abstract
Based on the data of A-share listed companies in Shanghai and Shenzhen from 2015 to 2020, the data were initially compiled by using EXCEL2020, and econometric analysis was conducted by using Stata15.1 and Spss23.0. The study investigates whether government subsidies can promote the innovation performance of enterprises, and constructs the internal corporate governance index through principal component analysis to study its moderating effect on government subsidies and enterprise innovation performance. The results of the study show that government subsidies have a significant positive impact on the innovation performance of enterprises; improvement in the level of internal corporate governance can promote the positive development of the relationship between government subsidies and innovation performance. The higher the level of internal corporate governance, the more efficient the use of government subsidies. Thus, the government should improve corporate innovation subsidies, and companies should establish clear information disclosure systems and better internal governance.
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