金融中介发展、政府干预与企业技术创新——来自我国转轨经济的经验证据

以我国制造业375家企业2005-2007年的面板数据为样本,实证考察了区域金融中介发展、政府干预与企业技术创新之间的关系。结果表明:金融中介发展与企业技术创新之间存在显著的正向关系;政府干预对企业技术创新具有显著的负效应;政府干预越强,金融中介与企业技术创新间的相关性越弱,较强的政府干预会削弱金融中介对企业技术创新的促进作用。基于结论,就如何提升我国企业技术创新水平,提出了相应的金融发展建议。

Research on the Relationship among Development of Financial Intermediation,Government Intervention and Technical Innovation

This paper empirically studies the relationship among development of financial intermediation,government intervention and technical innovation based on the data of 375 Chinese corporations from 2005 to 2007,and provides micro-level empirical evidence for the financial growth areas.Main findings and conclusions of this paper are as follows that there is a positive correlation between development of financial intermediation and technical innovation,however,government intervention has a significant negative ef...