政府与企业层面影响企业研发投入的因素已受到学术界广泛关注.现有文献多专注于讨论单一因素的"净效应",忽视了多因素层面的协同影响效应.通过运用模糊集定性比较分析(fsQCA)方法对创业板上市的 104 家高新技术企业进行分析,探究政府与企业两个层面的主要因素如何协同影响企业的研发投入.结果表明,政府支持与高管激励存在 6 条不同的路径可促使高新技术企业进行高研发投入,具体可归纳为企业主导型、政府推动型和联手推动型 3 类模式,其中企业主导型最常见.研究结论从各层面因素协同影响的视角对企业研发投入提供了新解读,为创业企业根据政府支持情况匹配较为恰当的高管激励提供了借鉴参考.
Factors that promote corporate R&D investment at the government and corporate levels Have received extensive attention from academia.However,However,The existing literature mostly fo-cuses on discussing the"net effect"of a single factor.And it is assumed that the factors are independent of each other,leading to inconsistent conclusions showing the effects of various factors on R&D invest-ment.This study use the Fuzzy Set Qualitative Comparative Analysis(fsQCA)method to analyze 104 high-tech companies listed on the Growth Enterprise Market.Explore the impact of the synergy of ma-jor factors at the government and enterprise levels on R&D investment.The results show,There are six different paths that can lead to high R&D investment in high-tech enterprises,And can be summa-rized into three models:enterprise-led,government-driven and joint-driven.Among them,the enter-prise-led type is the most common form of incentive.Among them,the enterprise-led type is the most common path of influence.The research conclusion provides a new interpretation of the contradiction of the influence of various factors from the perspective of the synergy of various factors affecting R&D in-vestment.It provides a reference example for start-up companies to screen out suitable executive incen-tives based on government support.