摘要
以证券市场为代表的金融市场体系和以银行为代表的金融中介体系都通过提供资金支持、信息与风险管理、完善公司治理等各种渠道促进了技术创新。既有研究主要强调前者对技术创新的促进作用,然而,金融中介在某些方面更具优势,发挥着不可替代的重要作用。对长三角地区数据样本的面板数据实证分析结果证明了金融中介对技术创新,特别是原创型发明的推动作用。实证结果还表明金融业的改革创新对其他行业有较强的示范效应。
Financial market represented by security market and financial intermediation represented by banking systems both promote technological innovation by enhancing corporate governance as well as providing funds, information and risk management services. The former researches mainly deal with the financial market~ promotion effect. However, financial intermediation plays an important and irreplaceable part in certain aspects. The emplr/cal analysis of the panel data is based on the sample of the Yangtze River Delta. The results show that financial intermediation promotes the technological innovation, especially the initial invention. It is also revealed that reforms of financial industry can set a good example for the other industries.
出处
《商业研究》
北大核心
2007年第8期106-111,共6页
Commercial Research
关键词
金融中介
技术创新
面板数据
实证分析
financial intermediation
technological innovation
panel data
empirical analysis
