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RELATION AMONG GOVERNMENTAL SUPPORTS, INTERNAL CONTROL AND INNOVATION PERFORMANCES OF RESOURCE COMPANIES
ZHANG Ruihua, HAN Lihong
Resources & Industries    2021, 23 (3): 29-37.   DOI: 10.13776/j.cnki.resourcesindustries.20210406.001
Abstract108)         PDF(mobile) (1165KB)(11)    Save

Dependence on natural resources requires resource companies raise their resource use efficiency through innovation at tightening resource and environmental issues. This paper uses Shanghai\| and Shenzhen\|listed resource companies 2013-2017 data to establish a regression model which is employed to study the relation among governmental supports, internal control and innovation performances. Governmental allowance and tax refund are outstandingly positive with innovation performances at 1% level, while internal control is outstandingly positive at 10% level on resource companies with governmental allowance, at 1% level with tax refund. This paper suggests governments continue to support resource companies innovation, especially for those with good internal control. Resource companies shall transform views, fulfil their advantages and improve their internal control to increase their innovation performance in independent development.

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