Government subsidies, R&D expenditure and performance of agricultural listed companies：An empirical study based on 44 agricultural listed companies in Shanghai and Shenzhen A stock market

doi:10.14088/j.cnki.issn0439-8114.2020.08.046

Abstract

Abstract: Based on market failure and technological innovation theory, the 44 agricultural listed companies in the Shanghai-Shenzhen A-share market from 2016 to 2018 were used as the research samples to study the relationship between government subsidies, R & D expenditure and the performance of listed agricultural companies. It also considers the intermediary effect of R&D expenditure on government subsidies and corporate performance. The results show that government subsidies have a significant promotion effect on listed agricultural enterprises‘ R&D expenditure and corporate performance; listed agricultural enterprises’ R&D expenditure is significantly positively correlated with their corporate performance, and there is a significant difference between the current government subsidies and agricultural enterprise performance Mediation effect.

Key words: agricultural listed enterprises, government subsidies, R&D expenditure, corporate performance, mediating effect

CLC Number:

F324

QIU Xiao-xue, ZHANG Ying. Government subsidies, R&D expenditure and performance of agricultural listed companies：An empirical study based on 44 agricultural listed companies in Shanghai and Shenzhen A stock market[J]. HUBEI AGRICULTURAL SCIENCES, 2020, 59(8): 206-209.

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