政府支持和金融发展、社会资本与科技创新企业融资效率

摘要/Abstract

摘要： 本文运用跨层次模型和559家科技创新型上市公司的相关数据,分析了区域政府支持和金融发展与企业社会资本对科技创新企业融资效率的作用效果。研究结果表明:政府支持与科技创新企业融资效率之间显著负相关,金融发展和企业社会资本与科技创新企业融资效率之间显著正相关。企业社会资本正向调节政府支持与科技创新企业融资效率,以及金融发展与科技创新企业融资效率之间的关系。

关键词: 政府支持, 金融发展, 企业社会资本, 科技创新, 融资效率

Abstract: Using the hierarchical liner model and relevant data of 559 listed companies in innovation, this paper analyses the effects of regional government support, financial development and corporate social capital on the financing efficiency of S&T innovation enterprises. The results show that there is a significant negative correlation between government support and the financing efficiency of S&T innovation enterprises, and a significant positive correlation between financial development and the financing efficiency of S&T innovation enterprises. The corporate social capital positively regulates the relationship between government support and the financing efficiency of S&T innovation enterprises, as well as the relationship between financial development and the financing efficiency of S&T innovation enterprises.

Key words: government support, financial development, corporate social capital, innovation, financing efficiency

中图分类号:

F275.5

张玉喜, 赵丽丽. 政府支持和金融发展、社会资本与科技创新企业融资效率[J]. 科研管理, 2015, 36(11): 55-63.

Zhang Yuxi, Zhao Lili. Government support and financial development, social capital and the financing efficiency of S&T innovation enterprises[J]. Science Research Management, 2015, 36(11): 55-63.

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