政府R&D资助、金融信贷与企业不同成长阶段实证研究

›› 2018, Vol. 30 ›› Issue (10): 73-81.

政府R&D资助、金融信贷与企业不同成长阶段实证研究

李新功

河南大学工商管理研究所, 开封 475004

收稿日期:2016-09-09 出版日期:2018-10-28 发布日期:2018-10-23
作者简介:李新功,河南大学工商管理研究所教授,博士生导师,博士
基金资助:
河南省软科学重点项目（182400410008）；河南省高等学校哲学社会科学研究应用研究重大项目（2019-YYZD-05）。

Empirical Research on Government R&D Funding, Financial Credit and Different Growth Stages of Enterprises

Li Xingong

Institute of Business Administration, Henan University, Kaifeng 475004

Received:2016-09-09 Online:2018-10-28 Published:2018-10-23

摘要/Abstract

摘要：

本文以高技术产业为例，将高技术产业创新划分为"基础研究"、"应用研究"和"生产发展"三个阶段，研究政府R&D资助、金融信贷对高技术产业不同创新阶段的作用效果。本文利用1999-2008年高技术产业有效数据，引用"道格拉斯"生产函数，应用面板数据模型进行回归，发现政府R&D资助对高技术产业创新三阶段都有积极影响。政府R&D资助在"基础研究"阶段作用更为突出，而金融信贷对三阶段影响总体弱于政府R&D资助，同时，还存在"基础研究"阶段和"生产发展"阶段差异性。引入产权结构进行交互项的面板回归，发现政府R&D资助对国有成分较少的高技术企业影响较大。金融信贷对不同产权性质的企业没有明显影响。

关键词: 政府R&, D资助, 金融市场信贷, 高技术产业, 政府对产业影响

Abstract:

Taking the high-tech industry as an example, this paper divides the high-tech industry innovation into three stages:"basic research", "applied research" and "production development". It studies government R&D funding and financial credit for different stages of high-tech industry innovation effect. Using the effective data of high-tech industries from 1999 to 2008, this paper quotes the "Douglas" production function and applies the panel data model for regression. It is found that government R&D funding has a positive impact on the three stages of high-tech industry innovation. Government R&D funding plays a more prominent role in the "basic research" phase, while financial credits have a weaker impact on the three phases than government R&D funding. At the same time, there are also differences between the "basic research" phase and the "production development" phase. In addition, introducing the ownership structure to carry out panel regression of interaction items, this paper finds that government R&D funding has a greater impact on high-tech companies with fewer state-owned components. Financial credits have no apparent effect on companies with different property rights.

Key words: government R&D funding, financial market credit, high-tech industry, government influence on industry

李新功. 政府R&D资助、金融信贷与企业不同成长阶段实证研究[J]. , 2018, 30(10): 73-81.

Li Xingong. Empirical Research on Government R&D Funding, Financial Credit and Different Growth Stages of Enterprises[J]. , 2018, 30(10): 73-81.

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