财务冗余对中小企业创新投入的影响

The Influence of Financial Redundancy on Small and Medium-Sized Enterprise’s Innovation Investment

以在中小板上市的非金融类上市公司为研究对象,从现金冗余、负债冗余等财务特征方面研究企业财务冗余对中小企业创新投入的影响,得出财务冗余对中小企业创新投入有抑制作用的主要结论。提出了减少企业现金持有比例、降低企业资产负债率、合理配置企业业务的建议。

This paper takes the non-financial listed companies listed on the small and medium-sized board as the research object,studies the influence of the financial redundancy on the innovation investment of the small and medium-sized enterprises from the aspects of cash redundancy,debt redundancy and other financial characteristics,and draws the main conclusion is that financial redundancy can inhibit the innovation input of small and medium-sized enterprises.This paper puts forward some suggestions,such as reducing the proportion of cash holding,reducing the ratio of assets and liabilities,and reasonably configuring the business of the enterprise.