科技金融对中国制造业多元化创新的影响路径——引入科技人才聚集的视角  

Research on Innovation and Sci-Tech Finance in the Manufacturing Sector

作　　者：周荣喜 王士心 江晶晶[2] ZHOU Rongxi;WANG Shixin;JIANG Jingjing(China School of Banking and Finance,University of International Business and Economics;Business School,Beijing Union University)

机构地区：[1]对外经济贸易大学中国金融学院 [2]北京联合大学商务学院

出　　处：《金融市场研究》2025年第3期51-62,共12页Financial Market Research

基　　金：国家自然科学基金项目(71871062)资助。

摘　　要：本文基于中国2012—2022年省级制造业数据,通过构建省份、年份双固定效应模型考察了科技金融对制造业多元化创新的影响,并探讨人才聚集在该影响中发挥的作用。研究结果表明,科技金融对制造业多元化创新具有显著促进作用;在实体经济较为发达与制造企业民营化程度较高的地区,科技金融能够更好地推动制造业多元化创新;科技人才聚集强化了科技金融对制造业多元化创新的正向影响,这种强化作用在西部地区显著,在东部和中部地区不显著。相关研究对进一步推动科技金融与制造业深度融合,促进经济高质量发展,具有较好的参考价值。Based on provincial manufacturing data from 2012 to 2022,this paper constructs an annual double fixed effect model to examine the impact of Sci-Tech finance on innovation in the manufacturing sector.It also examines the role of talent aggregation.The results show that Sci-Tech finance plays a significant role in promoting diversified types of innovation inf the manufacturing sector.In regions with a more developed real economy and a higher degree of privatization in manufacturing,Sci-Tech finance can better promote diversified innovation.Further results show that the aggregation of Sci-Tech talents can significantly strengthen the positive impact of this kind of finance on innovation.Additionally,this strengthening effect is particularly significant in the western regions of China but is not significant in the eastern and central regions.This study has great reference value for promoting deeper integration of Sci-Tech finance with manufacturing and promoting high-quality development of China's economy.

关 键 词：科技金融 制造业 多元化创新 科技人才聚集 

分 类 号：F42[经济管理—产业经济]