银行持股真的可以促进企业创新吗?——基于产权性质与R&D投资异质性视角的检验  

Can Bank-Share Holding Really Promote the Enterprise Innovation:——Based on Nature of Property Right and R&D Investment Heterogeneity

作　　者：顾群[1,2] 岳增艳 贾德芝 GU Qun;YUE Zeng-yan;JIA De-zhi(Business School,Tianjin University of Finance and Economics,Tianjin 300222,China;Co-Innovation Center for Intangible Asset Evaluation,Tianjin 300222,China)

机构地区：[1]天津财经大学商学院,天津300222 [2]天津财经大学无形资产评价协同创新中心,天津300222

出　　处：《贵州财经大学学报》2018年第6期66-71,共6页Journal of Guizhou University of Finance and Economics

基　　金：国家社会科学基金项目"控制权私有收益与企业创新模式研究"(15BJY010);重庆市教委科技项目"中国银行业股权结构演化与资本配置效率研究"(KJ1400923)

摘　　要：银行作为股东和债权人的特殊双重身份影响企业的投资决策。以深圳证券交易所中小企业板的高新技术企业为样本,从产权性质和R&D投资异质性视角研究银行持股对创新的影响。研究发现:(1)银行持股可以促进企业创新投入;(2)银行持股可以促进民营企业创新,但对于国有企业的促进作用并不显著;(3)银行持股可以促进企业进行探索式创新,但对于开发式创新的促进作用并不显著。With the special double role of stockholder and creditor,banks influence the investment decisions of enterprises.Taking the data of China's Shenzhen stock exchange SME board high-tech listed companies as the research object,basing on nature of property right and R&D investment heterogeneity,this paper researches the impact of bank-share holding on enterprise innovation.The results show that:(1)Bank-share holding can promote enterprises to carry out technological innovation activities;(2)Bank-share holding can promote the innovation of private enterprises,whereas for the promotion of state-owned enterprises is not significant;(3)Bank-share holding can promote enterprises to carry out exploratory innovation activities,whereas,the role of bank ownership in promoting developmental innovation is not significant.

关 键 词：银行持股 技术创新 产权性质 研发异质性 

分 类 号：F276.44[经济管理—企业管理]