科技金融网络对企业技术创新的影响——基于企业生命周期视角  

Influence of S&T Financial Network on Enterprise Technology Innovation——Based on the Enterprise Life Cycle Perspective

作　　者：李媛媛[1] 刘思羽 Li Yuanyuan;Liu Siyu(School of Economics and Management,Hebei University of Technology,Tianjin 300400,China)

机构地区：[1]河北工业大学经济管理学院,天津300400

出　　处：《中国科技论坛》2021年第6期119-128,共10页Forum on Science and Technology in China

基　　金：河北省高等学校人文社会科学研究项目“基于产业转型视角的河北省科技金融创新体系重构与预警研究”(BJ2016067);天津市哲学社会科学规划项目“基于金融生态的天津市企业自主创新能力提升机制与路径研究”(TJLJQN17-001);河北省软科学研究项目“基于区域创新能力提升的河北省金融生态系统优化研究”(18455301D)。

摘　　要：利用中国创业板2010—2019年科技型上市公司面板数据,在划分企业生命周期的基础上,实证分析科技型企业在不同阶段科技金融网络特征对企业技术创新的影响。结果表明:①网络密度对企业技术创新有正向影响,网络中心度对企业技术创新存在倒U形影响,网络联系强度对企业技术创新有U形影响。②划分企业生命周期后发现,网络密度的促进作用在成长期、成熟期与衰退期同时存在;网络中心度对企业技术创新的倒U形影响和网络联系强度对企业技术创新的U形影响仅在成熟期与衰退期显著存在。据此,建议政府、金融机构等合力优化科技金融网络环境,企业根据自身发展水平选择合作伙伴,以提升企业技术创新水平。Based on the panel data of technology-based listed companies in China's growth enterprise market from 2010 to 2019,this paper empirically analyzes the influence of the characteristics of science and technology financial network on the enterprise technology innovation in different stages on the basis of dividing the enterprise life cycle.The results show the followings.①Network density has a positive effect on enterprise technology innovation,network centrality has an inverted U-shaped effect on enterprise technology innovation,and network connection strength has a positive U-shaped effect on enterprise technology innovation.②After dividing the enterprise life cycle,it is found that the promotion effect of network density exists at the same time in the growth period,maturity period and recession period;The inverted U-shaped effect of network centrality on enterprise technological innovation and the positive U-shaped effect of network connection strength on enterprise technological innovation only exist in mature and declining periods.Therefore,it is suggested that the government and financial institutions should work together to optimize the network environment of science and technology finance,and enterprises should choose high-quality partners according to their own development level,so as to enhance the enterprise technology innovation.

关 键 词：科技金融网络 企业技术创新 企业生命周期 

分 类 号：F276[经济管理—企业管理]