融资约束对中国新材料产业自主创新的影响  

Empirical Research on the Effect of Financing Constraints on Self-innovation of New Materials Industry in China

作　　者：王涛[1,2] 刘雪萍[1] 陈志军[1] 

机构地区：[1]山东大学管理学院,山东济南250100 [2]中国移动通信集团山东有限公司,山东济南250001

出　　处：《中国科技论坛》2015年第8期111-115,共5页Forum on Science and Technology in China

基　　金：国家自然科学基金项目"转型经济背景下我国家族企业的创新活动:内部治理结构和外部制度环境的影响"(71302090)

摘　　要：本文基于上市公司面板数据,实证检验了中国新材料产业的自主创新融资约束现象以及产业集群度的调节作用。研究发现:中国新材料产业的自主创新投资活动面临显著的信贷约束,而产业集群度与新材料产业的自主创新投资显著正相关,并能有效缓解自主创新融资约束。因此,进一步加强政策引导和行业管理,积极培育竞争格局有序和合作氛围良好的新材料产业集群,是促进中国新材料产业可持续发展的有效举措。Using the panel data from listed companies, this paper empirically tests the financing constraints on the sellinnovation of new materials industry and the regulation of industrial cluster degree. Main findings and conclusions of this paper are as follows. Selfinnovation activities of new materials industry are facing significant credit constraints. However, industrial cluster degree has significant positive cor relation with selfinnovation investment as well as effectively eases the selfinnovation financing constraints. Therefore, it would be the ef fective measures for sustainable development of new materials industry by further strengthening policy guidance and industry management, and actively cultivating new materials industry clusters with healthy competition and a good atmosphere of cooperation.

关 键 词：融资约束 自主创新 产业集群度 新材料产业 

分 类 号：F424[经济管理—产业经济]