政府补贴如何影响企业价值——基于内部控制视角的研究-国际金融进展-CSCIED科技核心评价数据库-手机版

政府补贴如何影响企业价值——基于内部控制视角的研究

How government subsidies affect enterprise value: A study from the perspective of internal control

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DOI	10.12208/j.aif.20250002
刊名	国际金融进展 Advances in International Finance
年，卷(期)	2025, 7(1)
作者	葛超*,
作者单位	深圳职业技术大学经济学院广东深圳
摘要	政府补贴作为一种重要的政策工具，被广泛应用于促进企业创新、推动产业升级以及增强企业竞争力等诸多领域。本文基于中国A股上市公司数据，实证检验政府补贴对企业价值的影响及内部控制的调节效应。研究发现，政府补贴显著提升企业价值，且高质量的内部控制能够强化这一促进作用。这也表明优化内部控制是提高补贴资源利用效率、放大政策红利的重要途径。本文的研究有助于减少政府补贴所引发的争议，同时为优化内部控制、增加政府补贴等政策性资源以及政府补贴如何增加企业价值提供了理论依据，具有一定的理论价值和现实意义。
Abstract	Government subsidies, as an important policy instrument, are widely used to promote corporate innovation, drive industrial upgrading, and enhance corporate competitiveness. Based on data from A-share listed companies in China, this paper empirically examines the impact of government subsidies on corporate value and the moderating effect of internal control. The study finds that government subsidies significantly enhance corporate value, and high-quality internal control further strengthens this positive effect. This suggests that optimizing internal control is an important way to improve the efficiency of subsidy resource utilization and amplify policy benefits. Our research helps mitigate controversies surrounding government subsidies and provides theoretical support for optimizing internal control, increasing policy-based resources such as government subsidies, and understanding how subsidies can increase corporate value. It holds both theoretical and practical significance.
关键词	政府补贴；内部控制；企业价值
KeyWord	Government subsidies; Internal control; Corporate value
基金项目
页码	9-21

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引用本文

葛超*. 政府补贴如何影响企业价值——基于内部控制视角的研究 [J]. 国际金融进展. 2025; 7; (1). 9 - 21.

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