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首页> 外文期刊>International Advances in Economic Research >Public Support for Innovation in Russian Firms: Looking for Improvements in Corporate Performance Quality
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Public Support for Innovation in Russian Firms: Looking for Improvements in Corporate Performance Quality

机译：公众对俄罗斯公司创新的支持：寻求改善公司绩效质量

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摘要

This research focuses on the efficiency of Russia's policy to foster innovation. We conduct an empirical analysis of how policy instruments impact firms' behavior. The analytical data are obtained from a survey of more than 650 Russian industrial firms in 2012. The analysis shows that state support for innovation clearly targets successful companies and does not target laggard or insider (i.e., partially state-owned) firms. Comparing innovation effects on firms with and without state support, we found no strong improvement in corporate performance as a result of state-supported innovation. A significant positive correlation with state support existed for only one characteristic of firm performance: export volume. Considering specific effects of tax incentives and public subsidies on companies' innovation behavior, we found out that direct public funding was more likely to mitigate risk and facilitate the launch of new innovative projects. Simultaneously, both tools lead to public funds crowding out private funds.
机译：这项研究的重点是俄罗斯促进创新政策的效率。我们对政策手段如何影响企业行为进行了实证分析。分析数据来自2012年对650多家俄罗斯工业公司的调查。分析表明，国家对创新的支持显然是针对成功的公司，而不是针对落后的公司或内部人（即部分国有）的公司。比较在有或没有国家支持的情况下创新对公司的影响，我们发现由于国家支持的创新，公司绩效没有明显改善。与国家支持的显着正相关仅存在于企业绩效的一个特征：出口量。考虑到税收优惠和公共补贴对公司创新行为的特定影响，我们发现直接公共资金更有可能减轻风险并促进新创新项目的启动。同时，这两种工具都会导致公共资金挤占私人资金。

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