摘要
在经济新常态下,如何借助金融媒介来加大民营企业研发投入力度,促进民营企业成长,成为亟待解决的问题。本文选取2007年以来我国制造业民营上市公司面板数据,分析了金融集聚、研发投入对民营企业成长的影响。研究发现:金融集聚度和企业研发投入的提升对企业成长均具有正向影响,但是金融集聚对于企业研发投入与民营企业成长之间关系的正向调节效应并不显著,说明金融集聚影响下的金融机构贷款大多用于企业项目投资等,与研发投入之间没有形成良性结合,民营企业成长缺少从金融支持转向技术创新的动力。
In the new economic situation, how to promote the R＆D of private enterprises by means of financial agglomer- ation, to realize the growing of private enterprises, has become an urgent problem. This paper uses the data of private listed enterprises to take an analysis of the influence of financial agglomeration and R＆D investment to private enter- prise＇ s growth. The results show that both financial agglomeration and R＆D investment have positive effects on private enterprise＇s growth. However, the positive control response of financial agglomeration to the relation between enter- prise＇s R＆D investment and private enterprise＇ s growth is insignificant. The results indicate that the bank loan is mainly used for the enterprise＇ s project investment, namely the financial agglomeration and R＆D investment of the enterprise have not been combined well, and it lacks the motivation to transfer the financial support to technological innovation.
出处
《预测》
CSSCI
北大核心
2016年第1期49-54,共6页
Forecasting
基金
国家社会科学基金重大资助项目(11&ZD141)
关键词
金融集聚
研发投入
民营企业
企业成长
financial agglomeration
R＆D investment
private enterprise
enterprise＇ s growth
