Research on the influence of government subsidies on agricultural enterprises' R&D input: Threshold effect based on financing constraints

Research on the influence of government subsidies on agricultural enterprises' R&D input: Threshold effect based on financing constraints | Research Square window.SnipcartSettings = { analytics: { enabled: false } }; (function() { var accessVector = localStorage.getItem('access_vector') || ''; window.dataLayer = window.dataLayer || []; if (accessVector) { window.dataLayer.push({ user: { profile: { profileInfo: { snid: accessVector } } } }); } })(); (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-K279D39R'); Browse Preprints In Review Journals COVID-19 Preprints AJE Video Bytes Research Tools Research Promotion AJE Professional Editing AJE Rubriq About Preprint Platform In Review Editorial Policies Our Team Advisory Board Help Center Sign In Submit a Preprint Cite Share Download PDF Research Article Research on the influence of government subsidies on agricultural enterprises' R&D input: Threshold effect based on financing constraints Yujie Cui This is a preprint; it has not been peer reviewed by a journal. https://doi.org/ 10.21203/rs.3.rs-4727409/v1 This work is licensed under a CC BY 4.0 License Status: Posted Version 1 posted You are reading this latest preprint version Abstract This paper takes listed agricultural companies from 2013 to 2022 as the research object, and uses fixed effect model and threshold model to test the impact of government subsidies on agricultural enterprises' R&D input. The results show that: Government subsidies can significantly increase the R&D input of agricultural enterprises, and financing constraints have a single threshold effect in the process of the impact of government subsidies on agricultural enterprises. Government subsidies for sample agricultural enterprises on both sides of the threshold have a positive promoting effect on R&D input, and when the financing constraints are higher than the threshold threshold (FC > 0.1812), Government subsidies play a more positive role in promoting agricultural enterprises' R&D investment. The research results confirm that the relationship between government subsidies and agricultural enterprises R&D investment is not linear, and the corresponding policy recommendations are put forward according to the empirical research results. Financing constraints Government subsidies R&d investment Full Text Additional Declarations No competing interests reported. Cite Share Download PDF Status: Posted Version 1 posted You are reading this latest preprint version Research Square lets you share your work early, gain feedback from the community, and start making changes to your manuscript prior to peer review in a journal. As a division of Research Square Company, we’re committed to making research communication faster, fairer, and more useful. We do this by developing innovative software and high quality services for the global research community. Our growing team is made up of researchers and industry professionals working together to solve the most critical problems facing scientific publishing. Also discoverable on Platform About Our Team In Review Editorial Policies Advisory Board Help Center Resources Author Services Accessibility API Access RSS feed Manage Cookie Preferences © Research Square 2026 | ISSN 2693-5015 (online) Privacy Policy Terms of Service Do Not Sell My Personal Information {"props":{"pageProps":{"initialData":{"identity":"rs-4727409","acceptedTermsAndConditions":true,"allowDirectSubmit":true,"archivedVersions":[],"articleType":"Research Article","associatedPublications":[],"authors":[{"id":329450564,"identity":"61a4debe-d07f-43f0-ac87-6c516985df9c","order_by":0,"name":"Yujie Cui","email":"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAZAAAAAyAQMAAABI0h/eAAAABlBMVEX///8AAABVwtN+AAAACXBIWXMAAA7EAAAOxAGVKw4bAAAAzklEQVRIiWNgGAWjYBACfvb+BwckKiR47I83EKlFsucM4wOLMzZyDGcOEKnFYEYOs0FlW5oxw40EYrVI5B6TuMF2OLFx5uONNxhqbKIJajHneZcmOYPncGKzdFqxBcOxtNwGQlos2xPMpCUkDie2SeeYSTA2HCasxeAAUMsfg8OJPZJniNVyIsfYQCIhzVhCgodILZI9xxIfSBywkTPgAfolgRi/8LM3Hzgg+U+Cx4D98MYbH2psCGtBcaREAinKIVpI1TEKRsEoGAUjAwAA3oZCJhvjqLEAAAAASUVORK5CYII=","orcid":"","institution":"Heilongjiang Bayi Agricultural University","correspondingAuthor":true,"prefix":"","firstName":"Yujie","middleName":"","lastName":"Cui","suffix":""}],"badges":[],"createdAt":"2024-07-12 02:29:28","currentVersionCode":1,"declarations":"","doi":"10.21203/rs.3.rs-4727409/v1","doiUrl":"https://doi.org/10.21203/rs.3.rs-4727409/v1","draftVersion":[],"editorialEvents":[],"editorialNote":"","failedWorkflow":false,"files":[{"id":68394602,"identity":"56ba7678-bb3e-46c1-84a1-313ee23e6ee1","added_by":"auto","created_at":"2024-11-06 21:16:33","extension":"pdf","order_by":1,"title":"","display":"","copyAsset":false,"role":"manuscript-pdf","size":308015,"visible":true,"origin":"","legend":"","description":"","filename":"Researchontheinfluenceofgovernmentsubsidiesonagriculturalenterprises.pdf","url":"https://assets-eu.researchsquare.com/files/rs-4727409/v1_covered_5d77f397-d951-4f96-9e6d-bb692cf8a463.pdf"}],"financialInterests":"No competing interests reported.","formattedTitle":"Research on the influence of government subsidies on agricultural enterprises' R\u0026D input: Threshold effect based on financing constraints","fulltext":[],"fulltextSource":"","fullText":"","funders":[],"hasAdminPriorityOnWorkflow":false,"hasManuscriptDocX":false,"hasOptedInToPreprint":true,"hasPassedJournalQc":"","hasAnyPriority":false,"hideJournal":true,"highlight":"","institution":"","isAcceptedByJournal":false,"isAuthorSuppliedPdf":true,"isDeskRejected":"","isHiddenFromSearch":false,"isInQc":false,"isInWorkflow":false,"isPdf":true,"isPdfUpToDate":true,"isWithdrawnOrRetracted":false,"journal":{"display":true,"email":"[email protected]","identity":"researchsquare","isNatureJournal":false,"hasQc":true,"allowDirectSubmit":true,"externalIdentity":"","sideBox":"","snPcode":"","submissionUrl":"/submission","title":"Research Square","twitterHandle":"researchsquare","acdcEnabled":true,"dfaEnabled":false,"editorialSystem":"","reportingPortfolio":"","inReviewEnabled":false,"inReviewRevisionsEnabled":true},"keywords":"Financing constraints, Government subsidies, R\u0026d investment","lastPublishedDoi":"10.21203/rs.3.rs-4727409/v1","lastPublishedDoiUrl":"https://doi.org/10.21203/rs.3.rs-4727409/v1","license":{"name":"CC BY 4.0","url":"https://creativecommons.org/licenses/by/4.0/"},"manuscriptAbstract":"\u003cp\u003eThis paper takes listed agricultural companies from 2013 to 2022 as the research object, and uses fixed effect model and threshold model to test the impact of government subsidies on agricultural enterprises' R\u0026amp;D input. The results show that: Government subsidies can significantly increase the R\u0026amp;D input of agricultural enterprises, and financing constraints have a single threshold effect in the process of the impact of government subsidies on agricultural enterprises. Government subsidies for sample agricultural enterprises on both sides of the threshold have a positive promoting effect on R\u0026amp;D input, and when the financing constraints are higher than the threshold threshold (FC\u0026thinsp;\u0026gt;\u0026thinsp;0.1812), Government subsidies play a more positive role in promoting agricultural enterprises' R\u0026amp;D investment. 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