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The Impact of Technological Incentive Policy on the High-quality Development of SMEs: Empirical Evidence from “Specialized, Refined, Special and New" SMEs
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Ping Zhou, Xuesong Dong, Wenyuan Tang
Journal of Technology Economics | 2024, 43(11) : 60 - 73
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Journal of Technology Economics | 2024, 43(11): 60-73
Enterprise Technology Economics
The Impact of Technological Incentive Policy on the High-quality Development of SMEs: Empirical Evidence from “Specialized, Refined, Special and New" SMEs
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Ping Zhou, Xuesong Dong, Wenyuan Tang
Affiliations
  • School of Business Hunan Agricultural University Changsha 410125 China
Published: 2024-11-10 doi: 10.12404/j.issn.1002-980X.J24060613
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Taking technological incentive policy, "notice on the cultivation of specialized, refined, special and new 'Lttle Giant" in 2018, as a quasi-natural experiment, the data of listed enterprises from 2015 to 2021 was adopted to identify the impact of the policy on technological innovation and financing constraints of Little Giant, and then verified the mechanism of the policy on the high-quality development of Little Giant. The results show that the technological incentive policy significantly improves the TFP of Little Giant, with a noticeable time lag. Further analysis verifies that the policy primarily influences the TFP of Little Giant through the interaction of innovation effect and certification effect. Heterogeneity analysis show that the policy has a more significant promoting effect on private enterprises, which extends the microcosmic mechanism of Chinese technological incentive policy to offset financing constraints, deepens the understanding of the effect of incentive policies, and provides theoretical guidance and implementation plans for promoting the high-quality development of Chinese SMEs.

government subsidy  /  signal mechanism  /  technological innovation  /  financing constraints  /  SME
Ping Zhou, Xuesong Dong, Wenyuan Tang. The Impact of Technological Incentive Policy on the High-quality Development of SMEs: Empirical Evidence from “Specialized, Refined, Special and New" SMEs[J]. Journal of Technology Economics, 2024 , 43 (11) : 60 -73 . DOI: 10.12404/j.issn.1002-980X.J24060613
Year 2024 volume 43 Issue 11
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doi: 10.12404/j.issn.1002-980X.J24060613
  • Receive Date:2024-06-06
  • Online Date:2025-07-19
  • Published:2024-11-10
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  • Received:2024-06-06
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    School of Business Hunan Agricultural University Changsha 410125 China
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表12种不同金属材料的力学参数

Family
属数
Number of
genus
种数
Number of
species
占总种数比例
Percentage of
total species (%)

Genus
种数
Number of
species
占总种数比例
Percentage of total
species (%)
鹅膏菌科Amanitaceae 2 11 5.26 鹅膏菌属 Amanita 10 4.78
小菇科 Mycenaceae 2 12 5.74 丝盖伞属 Inocybe 5 2.39
多孔菌科 Polyporaceae 8 14 6.70 蜡蘑属 Laccaria 5 2.39
红菇科 Russulaceae 3 23 11.00 小皮伞属 Marasmius 6 2.87
小菇属 Mycena 11 5.26
光柄菇属 Pluteus 5 2.39
红菇属 Russula 17 8.13
栓菌属 Trametes 5 2.39
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