Analysis on the Impact of Government-Enterprise Cooperation on Technological Innovation and Its Economic Consequences --Based on Empirical Cases of GEM-listed Companies

Abstract

Based on the GEM listed companies in 2009-2016, the authors discuss the impact of government-enterprise cooperation on enterprise technology innovation and its actual economic consequences from the two dimensions of R&D investment and corporate performance. The empirical results of this paper are as follows: the government-enterprise cooperation model does not promote enterprises to invest more funds for technological innovation, but it has a positive effect on corporate performance. The conclusion of this paper provides a new perspective and empirical evidence for us to understand the nature of government-enterprise cooperation and its impact on the entire economic market. It has strong theoretical and practical significance.