Research on the Relationship Between Government Subsidies, Innovation Investment Intensity and Enterprise Value of Military Companies
- 10.2991/978-94-6463-024-4_24How to use a DOI?
- Military industry company; Entropy method; Synergy theory; Enterprise value
Based on the panel data of listed companies in the Military-civilian integration board of Shanghai and Shenzhen Stock Exchanges from 2015 to 2019, this paper uses entropy weight method to optimize indicators and constructs a new enterprise value comprehensive evaluation index. From the perspective of civil-military integration, the relationship between government subsidies, innovation investment intensity and enterprise value is empirically analyzed. It is found that there is a significant negative correlation between government subsidies and enterprise value, and the current government subsidies are inefficient. However, there is no significant correlation between the intensity of innovation input and enterprise value, and the impact of innovation input on the improvement of enterprise value in the current period is not obvious. Finally, based on the research results and based on the synergy theory, relevant suggestions are put forward to enhance enterprise value and promote the in-depth development of civil-military integration strategy.
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Cite this article
TY - CONF AU - Wei Wang AU - Yabo Tao PY - 2022 DA - 2022/12/12 TI - Research on the Relationship Between Government Subsidies, Innovation Investment Intensity and Enterprise Value of Military Companies BT - Proceedings of the 2022 2nd International Conference on Education, Information Management and Service Science (EIMSS 2022) PB - Atlantis Press SP - 222 EP - 231 SN - 2589-4900 UR - https://doi.org/10.2991/978-94-6463-024-4_24 DO - 10.2991/978-94-6463-024-4_24 ID - Wang2022 ER -