Government support, R&D investment and innovation speed of agricultural enterprises under rural revitalization strategy

doi:10.14088/j.cnki.issn0439-8114.2020.15.041

Abstract

Abstract: With the implementation of the rural revitalization strategy,solving the problems concerning “agriculture, rural areas and farmers” has become an important part of the party’s work. Agricultural enterprises as one of the key power to promote the development of agricultural economy, are faced with the important opportunities for innovation and development. Thus, it is very important to accelerate the innovation speed of agricultural enterprises at present. In this study, 14 agricultural companies listed on Shanghai and Shenzhen a-share markets from 2014 to 2018 are selected as research objects to test the influence between government support, R&D investment and innovation speed. The results show that government support is conducive to the increase of agricultural enterprises’ R&D investment,and R&D investment has a significant effect on promoting the innovation speed of agricultural enterprises. In addition, the combination of government support and R&D investment can greatly improve the innovation speed of agricultural enterprises.Therefore, in the context of the rural-revitalization strategy, the government should further increase the subsidy to agricultural enterprises, and at the same time, agricultural enterprises are supposed to constantly increase the investment in research and development, so as to enhance the competitiveness of enterprises, and achieve innovative development.

Key words: rural revitalization strategy, agricultural enterprises, government support, R&D investment;, innovation speed

CLC Number:

F273.1

ZHANG Yu-meng, MENG Qing-jun. Government support, R&D investment and innovation speed of agricultural enterprises under rural revitalization strategy[J]. HUBEI AGRICULTURAL SCIENCES, 2020, 59(15): 209-212.

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