Impact of Financing Constraint and Capital Structure on Technological Innovation: A Perspective of Supply-side Reform

被引：0

作者：

Zhao Shuyi ^{[1
]}

机构：

[1] Wuhan Univ Technol, Sch Management, Wuhan 430070, Peoples R China

来源：

PROCEEDINGS OF THE 14TH INTERNATIONAL CONFERENCE ON INNOVATION AND MANAGEMENT, VOLS I & II | 2017年

关键词：

Financing constraint; Capital structure; Technology innovation; Supply-side reform;

D O I：

暂无

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

Financing constraint is the key factor that restricts the technological innovation of enterprises. Based on supply-side reform, this paper takes the sample of China A-share listed companies in 2008-2015, and uses empirical research to draw some conclusions: financing constraint is negatively associated with technological innovation of enterprises; To avoid higher capital costs, technological innovation activities will reduce debt financing; The impact of capital structure and financial constraint on technological innovation in non-state-owned enterprises is higher than the state-owned enterprises.

引用

页码：1010 / 1014

页数：5

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