摘要
以2014-2017年创业板上市企业为样本,运用双重差分模型,研究金融支持政策对企业创新效率的影响,并运用双重差分倾向得分匹配法(PSM-DID)进一步进行验证。研究发现:风险投资支持与股票市场支持能够提升企业创新效率,相较而言,银行信贷支持与债券市场支持提升企业创新效率不够显著。为探讨金融支持政策的有效性提供支持证据。
Taking the enterprises listed on the growth enterprise market from 2014 to 2017 as a sample,this paper studies the effect of financial support policy on innovation efficiency of enterprises by using the double difference model,and uses the double difference tendency score matching method(PSM-DID)to verify further.It is found that venture capital support and stock market support can improve enterprise innovation efficiency,while bank credit support and bond market support can not.To explore the validity of financial support policy and provide supporting evidence.
作者
包泽胤
旷彩芬
BAO Zeyin;KUANG Caifen(School of Business,Shaoxing University,Shaoxing 312000,China)
出处
《科技创业月刊》
2020年第8期19-23,共5页
Journal of Entrepreneurship in Science & Technology
基金
2019年国家级大学生创新创业训练项目计划(2019103490010)
2019年浙江省大学生科技创新活动计划暨新苗人才计划(2019R432030)。
关键词
金融市场
金融中介
创新效率
financial markets
financial intermediation
innovation efficiency
