Spatial effects of financial scale and financial structure on technological innovation of enterprises

DOI

10.2991/icfied-19.2019.42How to use a DOI?

Keywords

financial scale; technology innovation; spatial econometric model

Abstract

What is the spatial effect of the financial scale and the development of financial structure on the technological innovation of enterprises across the provinces? Spatial econometric model was used to analyze sectional data of 31 provincial administrative regions in mainland china. The results show that the technological innovation of enterprises in different provinces in China is not stochastic in space. The Moran s I scatter diagram shows that the innovation of enterprises in Jiangsu, Zhejiang and Shanghai shows obvious spatial agglomeration effect. Moreover, the development of financial scale plays a significant role in promoting the level of technological innovation of industrial enterprises. In addition, improving the financial structure, reducing the reliance on bank credit and upgrading the level of FDI technology spillover will effectively promote technological innovation.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yang Xin
PY  - 2019/02
DA  - 2019/02
TI  - Spatial effects of financial scale and financial structure on technological innovation of enterprises
BT  - Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)
PB  - Atlantis Press
SP  - 230
EP  - 235
SN  - 2352-5428
UR  - https://doi.org/10.2991/icfied-19.2019.42
DO  - 10.2991/icfied-19.2019.42
ID  - Xin2019/02
ER  -