The Impact of Government Subsidies on Corporate R&D: An Overview

Abstract

This paper attempts to explore the impact of government subsidies on R&D and conduct effect analysis in order to provide the government with the support for formulating policies and guide the enterprise R&D innovation management. We mainly reviewed the relevant documents of government subsidies and enterprise R&D in the past ten years through the framework of “effect pathway—impact effect—influence factorsâ€. It was found that the leverage effect, the crowding-out effect and the mixing effect are all reasonable. The conclusions are not uniform because the influence factors are numerous, and the sample objects, sample data, and research methods used by scholars are different. If we consider the heterogeneity factor comprehensively, we will get more objective and accurate answers.