金融生态环境和企业创新能力——基于中国制造业的经验数据

Financial Ecological Environment and the Firm Innovation:An Empirical Study of Chinese Listed Manufactured Companies

作者以2006—2011年中国上市公司中制造业企业为样本,研究了金融生态环境对中国制造业企业创新能力的影响。研究发现:金融生态环境指数与中国制造业企业的创新能力之间存在显著的正相关关系,即金融生态环境的改善有利于制造业企业的创新能力的提高。本文的研究将宏观环境与微观主体相结合,验证了虚拟经济对实体经济的积极作用和影响,为切实解决经济转型中存在的创新瓶颈问题提供了有益的启示。

This paper derivates the effect of financial ecological environment on innovative capabilities of Chinese listed manufactured companies.By building the empirical model of financial ecological environment and firms’innovative capabilities,with selected panel data of Chinese listed manufactured companies from A shares from 2006 to 2011.The test verified the model.It is found that there is a significantly positive relation between financial ecological environment and firms’innovative capabilities,which means improving financial ecological environment can enhance firms’innovative capabilities.