How innovation funding leads enterprises to engage in research and development: Small and medium enterprises' perspective.

ABSTRACT: Technology-based small and medium enterprises (SMEs) are the driving force behind China's economic and technological development. However, these enterprises often face challenges in financing their research and development (R&D) activities due to limited financing opportunities. Previous research has primarily focused on the resource attributes of government innovation subsidies, which serve as a crucial funding source for these SMEs. This paper aims to explore the impact of government innovation subsidies on firms from a novel perspective, considering the signaling characteristics of these subsidies. The theoretical foundation of this study lies in the asymmetric information theory and the signaling mechanism through which government subsidies send signals about enterprises. The study use

SUBMITTER: Sun H 

PROVIDER: S-EPMC10368280 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature