@article{jfa2020813,
author={{Feng, Yazhu and Zhai, Siyu},
title={The Impact of Government Subsidies on the R & D Investment and Business Performance of GEM Enterprises in China},
journal={Journal of Finance and Accounting},
volume={8},
number={1},
pages={16--22},
year={2020},
url={http://pubs.sciepub.com/jfa/8/1/3},
issn={2333-8857},
abstract={Based on the data of China's GEM companies from 2015 to 2017, this paper uses linear regression analysis model to verify the relationship among government subsidies, R&D investment and business performance. The results show that government subsidies have no significant impact on business performance, but when the intensity of government subsidies increases, the R & D investment of GEM enterprises also increases significantly. On this basis, we also concluded that the existence of R & D investment makes the government subsidies to be positively correlated with the business performance. Therefore, there is a mediating effect of R & D investment between government subsidies and business performance.},
doi={10.12691/jfa-8-1-3}
publisher={Science and Education Publishing}
}