摘要
从金融集聚的机制出发,本文分析金融集聚影响企业创新的原理和机制,将政府干预作为调节变量做了进一步研究,提出金融集聚、政府干预影响企业创新行为的假说并予以实证检验。研究结果表明,金融集聚和企业研发投入之间有着较为显著的正相关性,但地方政府对金融资源尤其是信贷渠道的干预却削弱了金融集聚对企业创新的促进作用。
Based on finance accumulation,this paper analyzes the principle and mechanism about how finance accumulation affects enterprise＇s innovation and uses government intervention for further research. Through an empirical study on the hypothesis that finance accumulation and government intervention affect enterprise＇s innovation activities,we find a positive correlation between finance accumulation and enterprises＇ RD input. But the intervention of the local government in financial resources,especially in the credit channel,will have a negative impact on promoting enterprises＇ innovation by finance accumulation.
作者
刘海飞
贺晓宇
LIU Haifei HE Xiaoyu(School of Management and＇ Engineering, Nanjing University, Nanjing 210093, China School of Economics Nanjing University, Nanjing 210093, China)
出处
《财经论丛》
CSSCI
北大核心
2017年第8期104-112,共9页
Collected Essays on Finance and Economics
基金
国家自然科学基金资助项目(71101068)
江苏省自然科学基金面上项目(BK20161398)
江苏省金融工程重点实验室开放课题资助项目(NSK2015-09)
中央高校基本科研业务费专项基金资助项目(011814380027)
关键词
金融集聚
政府干预
企业创新
Finance Accumulation
Government Intervention
Enterprise＇s Innovation Activities
