التفاصيل البيبلوغرافية
| العنوان: |
政府融资抑制了企业创新吗？--基于企业融资结构的视角. (Chinese) |
| Alternate Title: |
Does Government Financing Inhibit Firm Innovation? Based on the Perspective of Corporate Financing Structure. (English) |
| المؤلفون: |
侯麟科, 孙锦萍, 李亚飞 |
| المصدر: |
Economic Science / Jingji Kexue; 2022, Vol. 44 Issue 6, p93-107, 15p |
| Abstract (English): |
Based on Lhe pcrspccLivc of cnLcrprisc financing sLrucLurc, Lhis paper uses China lis-Led cnLcipriscs as a sample Lo explore Lhe rclaLionship be L ween governmenL financing and corpo・ raLc innovaLion・ Empirical research finds LhaL local governmenL financing has a significanl inhibi-Lorv ciTccL on corporaLc innovaLion・ The mechanism behind iL shows LhaL Lhe innovaLion inhibiLory ellccL of governmenL financing is achieved by reducing Lhe amounL of governmenL R&D subsidies and Lhe amounL of coiporaLc bonds・ FurLhcrmorc, afLer disLinguishing ownerships， iL is found LhaL governmenL financing only shows a significanLly inhibiLory cffccL on sLaLc-owncd cnLcipriscs. [ABSTRACT FROM AUTHOR] |
| Abstract (Chinese): |
基于企业融资结构的视角，本文以我国上市公司为样本探究了政府融资与 企业创新的关系。实证研究发现，地方政府融资对企业创新产生了明显的抑制作用。从 背后的机制来看，地方政府融资的创新抑制效应是通过降低政府研发补贴金额和减少企 业债券发行金额导致的。进一步地，区分所有制后发现，政府融资只对国有企业表现出 显著的抑制作用. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Complementary Index |
