{"title":"金融机构贷款与高新技术产业技术创新互动关系研究","authors":"Yin Zhongmin, Ji Yubing","doi":"10.1109/MSIE.2011.5707442","DOIUrl":null,"url":null,"abstract":"Based on the data from 1995 to 2008, this paper sets up a VAR model which makes research on the dynamic relationship between loans of financial institutions and technological innovation of the high-tech industries. The result shows that there is a long-term stable balance relationship between loans of financial institutions and technological innovation of the high-tech industries. Loans of financial institutions has an important driving effect on scientific and technological innovation of the high-tech industries, but no Granger causality relationship has been found. The imbalance between the risk and profit is the main reason why the financial institutions reduce loans to the high-tech industries.","PeriodicalId":18774,"journal":{"name":"MSIE 2011","volume":"19 1","pages":"455-459"},"PeriodicalIF":0.0000,"publicationDate":"2011-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"A study of interaction between loans of financial institutions and technological innovation of the high-tech industries\",\"authors\":\"Yin Zhongmin, Ji Yubing\",\"doi\":\"10.1109/MSIE.2011.5707442\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Based on the data from 1995 to 2008, this paper sets up a VAR model which makes research on the dynamic relationship between loans of financial institutions and technological innovation of the high-tech industries. The result shows that there is a long-term stable balance relationship between loans of financial institutions and technological innovation of the high-tech industries. Loans of financial institutions has an important driving effect on scientific and technological innovation of the high-tech industries, but no Granger causality relationship has been found. The imbalance between the risk and profit is the main reason why the financial institutions reduce loans to the high-tech industries.\",\"PeriodicalId\":18774,\"journal\":{\"name\":\"MSIE 2011\",\"volume\":\"19 1\",\"pages\":\"455-459\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2011-02-04\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"MSIE 2011\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1109/MSIE.2011.5707442\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"MSIE 2011","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/MSIE.2011.5707442","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
A study of interaction between loans of financial institutions and technological innovation of the high-tech industries
Based on the data from 1995 to 2008, this paper sets up a VAR model which makes research on the dynamic relationship between loans of financial institutions and technological innovation of the high-tech industries. The result shows that there is a long-term stable balance relationship between loans of financial institutions and technological innovation of the high-tech industries. Loans of financial institutions has an important driving effect on scientific and technological innovation of the high-tech industries, but no Granger causality relationship has been found. The imbalance between the risk and profit is the main reason why the financial institutions reduce loans to the high-tech industries.
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