数字普惠金融对中小企业技术创新的影响研究

LZUFE-KMS > 金融学院

作者	宋子旭
姓名汉语拼音	Song Zixu
学号	2019000005025
培养单位	兰州财经大学
电话	15232220066
电子邮件	kobenbaszx@qq.com
入学年份	2019-9
学位类别	专业硕士
培养级别	硕士研究生
一级学科名称	金融
学科代码	0251
第一导师姓名	姬新龙
第一导师姓名汉语拼音	Ji Xinlong
第一导师单位	兰州财经大学
第一导师职称	教授
题名	数字普惠金融对中小企业技术创新的影响研究
英文题名	Research on the Impact of Digital Financial Inclusion on the Technological Innovation of Small and Medium-sized Enterprises
关键词	数字普惠金融融资约束企业创新
外文关键词	Digital Inclusive Finance ; Financing Constraints ; Small and Medium -sized Enterprises ; Enterprise Innovation
摘要	当前我国经济已由高速增长阶段转向高质量发展阶段，高质量发展的根本体现在经济的活力、创新力及其竞争力。中小企业作为重要的经济主体，其创新活动具有高风险、长周期、高度不确定性的特点，使得金融机构与其建立合作的意愿相对较低，企业在创新过程中极有可能陷入较强的资金约束的困境。数字普惠金融能够打破时间和空间的限制，增强了金融服务的可获得性，有助于解决中小企业融资难题，进而为促进中小企业技术创新ᨀ 供切实可行的方案。本文采用 5516 家新三板中小企业 2014-2019 年度数据，以北京大学数字普惠金融指数作为数字普惠金融发展水平的衡量指标，企业专利申请总数衡量中小企业创新，融资约束作为中介变量，利用双向固定效应模型分析数字普惠金融对中小企业科技创新的影响，利用中介效应模型实证分析融资约束在数字普惠金融影响中小企业创新过程中的中介作用,进一步基于不同行业性质和不同制度环境进行分样本的异质性检验。实证结果表明：(一)数字普惠金融对中小企业的技术创新有显著的正向影响作用，即数字普惠金融的出现可以有效ᨀ 升中小企业的技术创新水平。（二）基于中介效应模型的实证检验，发现数字普惠金融主要是通过降低中小企业的融资约束水平进而ᨀ 升中小企业的技术创新水平。（三）在异质性检验结果中，发现位于制度环境较好地区的中小企业数字普惠金融对其技术创新水平的ᨀ 升作用相比位于制度环境较差地区的中小企业更大；高科技行业的中小企业数字普惠金融对其技术创新水平的ᨀ 升作用相比属于非高科技行业的中小企业更大。基于以上理论与实证分析，本文ᨀ 出了完善政策体系、强化监管力度、优化制度环境等对策建议，使得数字普惠金融能够更有效的助力中小企业创新发展
英文摘要	China's economy has shifted from a stage of high-speed growth to a stage of high-quality development. This was proposed at the 19th National Congress of the Communist Party of China. Economic competitiveness, innovation and vitality are the foundation of high-quality development. Based on this, small and medium-sized enterprises have become the main body of entrepreneurship and innovation. However, the company's innovation activities are characterized by high uncertainty, long cycle and high risk, which reduces innovation activities and the cooperation intention of many financial institutions. In the process of innovation, it is very likely to fall into the dilemma of strong financial constraints. In addition, it is difficult to get feedback on innovative projects in a short period of time, and more funds need to be introduced. Because small and medium-sized companies rely more on external funds, the financing form is more severe. Digital inclusive finance breaks through the constraints of space and time, improves the availability of financial services, helps small and medium-sized enterprises get out of financing difficulties, and provides effective solutions for technological innovation of small and medium-sized enterprises. The paper uses the 2014-2019 data of 5,516 NEEQ SMEs, takes the Peking University Digital Financial Inclusion Index as a measure of the development level of digital financial inclusion, the total number of corporate patent applications to measure the innovation of SMEs, and financing constraints as an intermediary variable. The fixed effect model analyzes the impact of digital financial inclusion on the technological innovation of SMEs, and the mediating effect model is used to empirically analyze the mediating role of financing constraints in the process of digital financial inclusion affecting SME innovation. The sample is further divided based on the nature of different industries and different institutional environments. heterogeneity test. The empirical results show that: (1) Digital inclusive finance has a significant positive impact on the technological innovation of SMEs, that is, the emergence of digital inclusive finance can effectively improve the technological innovation level of SMEs. (2) Based on the empirical test of the mediation effect model, it is found that digital inclusive finance mainly improves the technological innovation level of SMEs by reducing the level of financing constraints of SMEs. (3) In the results of the heterogeneity test, it is found that digital inclusive finance for SMEs located in areas with a better institutional environment has a greater effect on their technological innovation level than SMEs located in areas with poor institutional environment; high-tech industries Digital financial inclusion of SMEs has a greater role in improving their technological innovation level than SMEs in non-high-tech industries. Based on the above theoretical and empirical analysis, this paper puts forward countermeasures and suggestions such as improving the policy system, strengthening supervision, and optimizing the institutional environment, so that digital inclusive finance can more effectively help SMEs innovate and develop.
学位类型	硕士
答辩日期	2022-05-29
学位授予地点	甘肃省兰州市
语种	中文
论文总页数	71
参考文献总数	53篇
馆藏号	0004361
保密级别	公开
中图分类号	F83/431
文献类型	学位论文
条目标识符	http://ir.lzufe.edu.cn/handle/39EH0E1M/32314
专题	金融学院
推荐引用方式 GB/T 7714	宋子旭. 数字普惠金融对中小企业技术创新的影响研究[D]. 甘肃省兰州市. 兰州财经大学,2022.

条目包含的文件		下载所有文件
文件名称/大小	文献类型	版本类型	开放类型	使用许可
10741-2019000005025-（2043KB）	学位论文		开放获取	CC BY-NC-SA	浏览下载