中小企业权益保护与创新活动  

Protection of the Rights and Interests of SMEs and Innovation

作　　者：马慧 Ma Hui

机构地区：[1]上海财经大学会计与财务研究院

出　　处：《世界经济》2024年第12期193-218,共26页The Journal of World Economy

基　　金：国家自然科学基金(72102166);教育部人文社会科学重点研究基地资助重大项目(22JJD790094)的资助。

摘　　要：科技创新是发展新质生产力的核心驱动力。本文考察政府账款支付的立法监管对中小企业流动性改善如何影响其创新活动,研究发现,相较非政府欠款企业,政府欠款企业的创新活动在《中小企业促进法》对政府账款支付进行监管后显著提高,其中流动性约束缓解后得以改善的劳动要素收入是促进创新活动的潜在作用机制。横截面分析表明企业创新活动提升在普惠金融发展程度较低地区、信用水平较差地区及高新技术行业中更明显。立法监管政府账款支付对企业全要素生产率和市场价值也具有提升作用。本文提供了政府背景客户通过加速支付账款渠道影响企业创新活动的证据,对于理解法治建设驱动创新进而推动高质量发展具有启示意义。Technological innovation is the core driving force behind the development of new productive forces.This paper examines how legislative regulation of payments on public account affects the liquidity improvement of small and medium-sized enterprises(SMEs)and their innovation activities.The findings indicate that,compared to non-governmental indebted enterprises,the innovation activities of governmental indebted enterprises significantly increased following the implementation of the SME Promotion Law.Easing liquidity constraints and improving labour incomes are potential mechanisms fostering innovation activities.A closer examination reveals that the increase in innovation activities is most evident in regions with inclusive financial underdevelopment,limited access to credit and a strong presence of high-tech industries.Finally,legislation driving innovation activities to regulate payments on public account has a positive impact on both total factor productivity and the market value of enterprises.This study provides evidence of how government-backed clients influence corporate innovation activities through the accelerated payment channel,providing insights into the role of legal advancements in stimulating innovation and thus promoting high-quality growth.

关 键 词：中小企业权益保护 政府账款支付 流动性约束 创新活动 

分 类 号：D922.291.91[政治法律—经济法学] F276.3[政治法律—法学] F273.1[经济管理—企业管理]