金融产业融合、融资约束与企业研发投入

2021 5th Annual International Conference on Data Science and Business Analytics (ICDSBA) Pub Date : 2021-09-01 DOI:10.1109/ICDSBA53075.2021.00065

Yun Yang

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引用次数: 0

摘要

以2007 - 2019年国内a股上市公司为研究样本。本文考察了金融产业融合、融资约束与企业研发投入之间的关系。研究发现，产融融合显著促进了企业研发投入，融资约束在产融融合与企业研发投入之间表现出显著的中介效应。金融产业融合通过降低企业融资约束，显著促进了企业研发投入。

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Financial-Industrial Integration, Financing Constraints and Corporate R&D Investment

Taking domestic A-share listed companies from 2007 to 2019 as research samples. This paper examines the relationship between financial-industrial integration, financing constraints and corporate R&D investment. The study found that the integration of industry and finance has significantly promoted R&D investment in enterprises, and financing constraints have shown a significant intermediary effect in financial-industrial integration and corporate R&D investment. Financial-industrial integration has remarkably promoted corporate R&D investment by reducing corporate financing constraints.

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2021 5th Annual International Conference on Data Science and Business Analytics (ICDSBA)

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