摘要
本文运用跨层次模型和559家科技创新型上市公司的相关数据,分析了区域政府支持和金融发展与企业社会资本对科技创新企业融资效率的作用效果。研究结果表明:政府支持与科技创新企业融资效率之间显著负相关,金融发展和企业社会资本与科技创新企业融资效率之间显著正相关。企业社会资本正向调节政府支持与科技创新企业融资效率,以及金融发展与科技创新企业融资效率之间的关系。
Using the hierarchical liner model and relevant data of 559 listed companies in innovation,this paper analyses the effects of regional government support,financial development and corporate social capital on the financing efficiency of ST innovation enterprises. The results show that there is a significant negative correlation between government support and the financing efficiency of ST innovation enterprises,and a significant positive correlation between financial development and the financing efficiency of ST innovation enterprises. The corporate social capital positively regulates the relationship between government support and the financing efficiency of ST innovation enterprises,as well as the relationship between financial development and the financing efficiency of ST innovation enterprises.
出处
《科研管理》
CSSCI
北大核心
2015年第11期55-63,共9页
Science Research Management
基金
国家自然科学基金项目(71373060)
2014-01至2017-12
关键词
政府支持
金融发展
企业社会资本
科技创新
融资效率
government support
financial development
corporate social capital
innovation
financing efficiency
