• Login
  • Register
  • Search

Macro Factors, Financing Constraints and Corporate Innovation

Dongyang Li

Abstract


The inhibitory effect of financing constraints on corporate innovation has been a hot topic of academic concern. Based on the per_x005fspective of financing constraints, this paper combs through the latest domestic and international studies related to corporate innovation activities from the macro level of industrial policy, government subsidies, financial market development, etc., and looks forward to the possible
future research directions of financing constraints and corporate innovation.

Keywords


Financing Constraints; Innovation Activities; Government Subsidies; Industrial Policy; Financial Market

Full Text:

PDF

Included Database


References


[1] Yang R, Liu TT, Gao K. Industrial Policy Support, Enterprise Financing and Innovation Investment of Manufacturing Enterpris_x005fes[J]. Journal of Shanxi University of Finance and Economics,2018,40(11):41-51.

[2] Dou QB, Sun ML, Wang FY, Huang YJ. High-tech enterprise recognition and enterprise innovation efficiency:enhancement

or inhibition--a counterfactual estimation based on Chinese listed companies[J]. Science and Technology Progress and Countermeasures,2020,37(19):123-132.

[3] Yan RS, Jiang X. Multiple relationship modeling and empirical research on institutional environment, political affiliation, financing

constraints and corporate R&D investment[J]. Journal of Management,2019,(01):72-84.

[4] Zhang Y, Cheng Y, She GM. Can government subsidies promote independent innovation of high-tech enterprises? --Evidence from

Zhongguancun[J]. Financial Research,2018,(10):123-140.

[5] Bai JH, Liu YY. Financial marketization and corporate technological innovation: mechanisms and evidence[J]. Economic Management,2021,43(04):39-54.




DOI: http://dx.doi.org/10.18686/fm.v8i6.11723

Refbacks