Spatial effects of financial scale and financial structure on technological innovation of enterprises
Available Online February 2019.
- https://doi.org/10.2991/icfied-19.2019.42How to use a DOI?
- financial scale; technology innovation; spatial econometric model
- What is the spatial effect of the financial scale and the development of financial structure on the technological innovation of enterprises across the provinces? Spatial econometric model was used to analyze sectional data of 31 provincial administrative regions in mainland china. The results show that the technological innovation of enterprises in different provinces in China is not stochastic in space. The Moran s I scatter diagram shows that the innovation of enterprises in Jiangsu, Zhejiang and Shanghai shows obvious spatial agglomeration effect. Moreover, the development of financial scale plays a significant role in promoting the level of technological innovation of industrial enterprises. In addition, improving the financial structure, reducing the reliance on bank credit and upgrading the level of FDI technology spillover will effectively promote technological innovation.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Yang Xin PY - 2019/02 DA - 2019/02 TI - Spatial effects of financial scale and financial structure on technological innovation of enterprises BT - 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019) PB - Atlantis Press SP - 230 EP - 235 SN - 2352-5428 UR - https://doi.org/10.2991/icfied-19.2019.42 DO - https://doi.org/10.2991/icfied-19.2019.42 ID - Xin2019/02 ER -