本文選題：金融創(chuàng)新　切入點：資本配置　出處：《科技進(jìn)步與對策》2017年10期

【摘要】：當(dāng)前,金融創(chuàng)新在企業(yè)技術(shù)創(chuàng)新過程中的作用日益凸顯。金融創(chuàng)新一方面能夠為企業(yè)技術(shù)創(chuàng)新提供更多融資方式和工具;另一方面可通過優(yōu)化企業(yè)資本配置,間接促進(jìn)企業(yè)技術(shù)創(chuàng)新�；趦�(nèi)生金融發(fā)展理論和內(nèi)部資本市場有效理論,構(gòu)建理論分析框架,從微觀層面研究金融創(chuàng)新對企業(yè)技術(shù)創(chuàng)新的影響路徑。以2011-2015年343家戰(zhàn)略性新興產(chǎn)業(yè)A股上市企業(yè)數(shù)據(jù)為研究樣本,實證分析金融創(chuàng)新、資本配置與技術(shù)創(chuàng)新之間的關(guān)系。結(jié)果發(fā)現(xiàn),金融創(chuàng)新能夠通過提高企業(yè)資本配置效率正向促進(jìn)戰(zhàn)略性新興產(chǎn)業(yè)上市企業(yè)技術(shù)創(chuàng)新。結(jié)論可為戰(zhàn)略性新興產(chǎn)業(yè)合理運用金融創(chuàng)新、提升企業(yè)資本配置效率進(jìn)而促進(jìn)技術(shù)創(chuàng)新提供理論參考。
[Abstract]:At present, the role of financial innovation in the process of technological innovation is increasingly prominent.On the one hand, financial innovation can provide more financing methods and tools for enterprise technological innovation; on the other hand, it can indirectly promote enterprise technological innovation by optimizing enterprise capital allocation.Based on the theory of endogenous financial development and the effective theory of internal capital market, this paper constructs a theoretical analysis framework to study the influence of financial innovation on enterprise technological innovation from the micro level.Based on the data of 343 A-share listed companies in strategic emerging industries from 2011-2015, this paper empirically analyzes the relationship among financial innovation, capital allocation and technological innovation.The results show that financial innovation can positively promote the technological innovation of listed enterprises in strategic emerging industries by improving the efficiency of capital allocation.The conclusion can provide a theoretical reference for the strategic emerging industry to use financial innovation rationally, to improve the efficiency of enterprise capital allocation and to promote technological innovation.
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本文編號：1706615