Government Subsidy, External Financing, and Capacity for Scientific and Technological Innovation of Culture Industry from the Life Cycle Perspective

<table class="table-group" id="tab7"><tr><td><table class="table"><tr><td class="thead-hr" colspan="7"><hr/></td></tr><tr><td class="align_left" rowspan="2">Activity type</td><td class="align_center" colspan="6">Life cycle</td></tr><tr><td class="align_center" colspan="2">Growth period</td><td class="align_center" colspan="4">Maturity period</td></tr><tr><td class="align_left" colspan="7"><hr/></td></tr><tr><td class="align_left">Operating activities</td><td class="align_center">−</td><td class="align_center">+</td><td class="align_center">+</td><td class="align_center">−</td><td class="align_center">+</td><td class="align_center">+</td></tr><tr><td class="align_left">Investment activities</td><td class="align_center">−</td><td class="align_center">−</td><td class="align_center">−</td><td class="align_center">−</td><td class="align_center">+</td><td class="align_center">+</td></tr><tr><td class="align_left">Financing activities</td><td class="align_center">+</td><td class="align_center">+</td><td class="align_center">−</td><td class="align_center">−</td><td class="align_center">+</td><td class="align_center">−</td></tr><tr class="table-tr"><td colspan="7"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>Cash portfolio of cultural enterprises in the growth and maturity period.</div>

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Table 7

Table 7: Government Subsidy, External Financing, and Capacity for Scientific and Technological Innovation of Culture Industry from the Life Cycle Perspective 

Table 7 | Government Subsidy, External Financing, and Capacity for Scientific and Technological Innovation of Culture Industry from the Life Cycle Perspective 