金融发展、融资模式与企业创新研究  

Study on Financial Development,Financing Model and Enterprise Innovation

作　　者：黄玲[1] 朱璋[1] 庄雷[1] 

机构地区：[1]东南大学经济管理学院,江苏南京211189

出　　处：《金融发展研究》2015年第11期3-10,共8页Journal Of Financial Development Research

基　　金：国家社会科学基金项目(15AJL004;14CGL012);江苏高校哲学社会科学研究基金项目(2015ZDAXM005;2014SJD025);江苏省研究生科研创新项目(KYZZ15_0070;KYLX15_0196)的资助

摘　　要：当前我国经济发展逐步由"要素推动"转向"创新推动",中小企业是创新的主体,资金是企业创新活动中最具决定性的投入要素之一,合理有效的融资模式可以为企业创新提供融资渠道,提高资金投资效率。本文从金融发展角度对融资模式与企业创新的作用机理进行了深入探析,并比较了传统融资模式与互联网融资模式对企业创新的影响,实证结果显示互联网融资模式受政策、平台性质、行业、地区的影响较大,不过更有利于拓宽中小企业的融资渠道,提高匹配效率。Currently, China＇ s economic development has gradually shifted from an element-driven pattern to aninnovation-driven one. Generally, small and medium-sized enterprises are the principal entity of innovation, whilecapital is one of the most decisive factors injected into the innovation activities. A reasonable and effective financingmode would offer financing channels for enterprises＇ innovation, and improve the efficiency of their investment.Based on the existing research results at home and abroad, this paper analyzes the mechanism of the financing modeland enterprise Innovation from the perspective of the financial development. By comparing the traditional financingmodel with the Intemet financial financing model with the empirical analysis, we find that the Internet financial financ-ing model is affected by the policy, the nature of the platform, industry and the area. But it is more conducive tobroadening the financing channels and improving the matching efficiency.

关 键 词：融资模式 企业创新 金融发展 股权众筹平台 

分 类 号：F832.3[经济管理—金融学]