摘要
通过个体固定效应模型并采用对相关变量进行控制的做法,对我国31个省市2000年至2007年反应企业技术创新投入和产出的数据进行研究,结果表明:我国银行贷款规模对企业技术创新的支持效果比较明显,而股票市场的融资对企业技术创新作用效果非常有限。因而要一方面继续加大银行贷款对企业技术创新的支持力度,另一方面要加速建设我国的多层次资本市场体系,发挥资本市场对企业技术创新应有的作用。
With the relevant variables controlled,the paper analyzed the data which is collected from 2000 to 2007 around the 31 provinces/cities in China according to the input and output of technological innovation by means of the individual fixed effects models.The results showed that the scale of bank loans to enterprises played a big part in supporting the technological innovation,while the effect of stock market financing is limited comparatively.Thus there are two missions to be promoted,one is to keep increasing the scale of bank loans to enterprises in technological innovation,the other is to speed up the construction of multi-level capital market system so as to have the capital market make greater contribution to the technological innovation.
出处
《科技管理研究》
北大核心
2010年第14期26-30,共5页
Science and Technology Management Research
基金
中国矿业大学社科基金项目"金融发展对企业技术创新作用机理的研究"(0J091178)
关键词
金融发展
企业技术创新
实证分析
financial development
technological innovation
empirical analysis
