Impact of Financing Constraints on Technological Innovation of Equipment Manufacturing Industry

摘要：

　　This paper expounds the status of technological innovation and financing constraints in Chinas equipment manufacturing industry,and further analyzes the impact of financing constraints on technological innovation by taking the listed companies of the equipment manufacturing industry in China from 2010 to 2017 as samples.The results show that under the same conditions,the stronger the financing constraints faced by the equipment manufacturing enterprises,the weaker their technological innovation capability is.The data analysis shows that financing constraints have significantly affected the technological innovation of computers,communications and other electronic equipment manufacturing and special equipment manufacturing,but the impact of other industries is not significant.

关键词： equipment manufacturing industry technical innovation financing constraints

作者: Zhao Fengyu Cui YanJuan Wang Yushan

作者单位: School of Management,Dalian Polytechnic University,Dalian,China,116034

会议类型: 国际会议

会议名称: The 10th (2018)International Conference on Financial Risk and Corporate Finance Management(第十届(2018)金融风险与公司金融国际研讨会)

会议地点: 大连

会议语种:英文

页码: 185-190

在线出版日期: 2018-07-06（万方平台首次上网日期，不代表论文的发表时间）