skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

Government R D subsidies and firm innovation performance: The moderating role of accounting information quality

Journal of innovation & knowledge, 2022-04, Vol.7 (2), p.100176 [Peer Reviewed Journal]

ISSN: 2444-569X ;EISSN: 2444-569X

Full text available

Citations Cited by
  • Title:
    Government R D subsidies and firm innovation performance: The moderating role of accounting information quality
  • Author: Zhigang Zuo ; Zhibin Lin
  • Subjects: M41 ; O31 ; O38
  • Is Part Of: Journal of innovation & knowledge, 2022-04, Vol.7 (2), p.100176
  • Description: The effects of government R&D subsidies can vary across recipient firms, depending on the various characteristics of a firm, potentially including the firm's accounting information quality (AIQ). It has been well recognized that high AIQ helps to reduce information asymmetry between investors and firms and, consequently, improves investment efficiency. However, there is a lack of clear understanding about the specific role of corporate accounting information in the ex-post effectiveness of government R&D subsidies. This study thus examines the main effects of government R&D subsidies on both firms’ R&D inputs and innovation outputs, and the positive moderating role played by the quality of corporate accounting information. The data include 1,561 sample firms listed in the stock markets in China and 11,853 firm-year observations between 2007 and 2015. We find that the moderating effect of AIQ is economically sizable where an improved AIQ (discretionary accruals), by a standard deviation, increases the additionality effect by 16% for corporate R&D investment and 4% for the growth of firms’ R&D inputs. In addition, we find the subsidies have a stronger favorable effect on firms’ R&D outputs (the number of patents) for those firms with a higher AIQ.
  • Publisher: Elsevier
  • Language: English
  • Identifier: ISSN: 2444-569X
    EISSN: 2444-569X
  • Source: DOAJ Directory of Open Access Journals
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait