英文摘要 |
In many countries, government-sponsored research and development programs (R&D) prove to be a useful policy to stimulate industrial innovation and to bridge the gap between research and market. While small and medium enterprises (SMEs) play an important role in economics in Taiwan, the "Small Business Innovation Research (SBIR)" program aims to encourage SMEs to take part in key innovative technologies and applied research. This study examines the policy effect of government R&D subsidies on the innovative activities of SMEs. With quasi-experimental research design and simultaneous equations, the policy effects were tested using data from a sample of 117 SBIR subsidized firms, each of whom completed a survey. The empirical results are as follows:1. Government R&D subsidies have significant positive effects on firm’s R&D employment. On average, each million dollar of subsidies is associated with approximately |