JOURNAL OF BEIJING UNIVERSITY OF POSTS AND TELECOM ›› 2018, Vol. 20 ›› Issue (6): 80-88.doi: 10.19722/j.cnki.1008-7729.2018.0196

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Effect of Financial Screening Optimization on Enterprise Innovative Motivation

  

  1. School of Economics, Wuhan University of Technology, Wuhan 430070, China
  • Received:2018-08-04 Online:2018-12-30

Abstract: Enterprise innovation is the core driving force of economic development Taking enterprises as the research object and building an endogenous economic growth model which includes intermediate products, the mechanism of financial screening's impact on enterprise innovative behavior is theoretically analyzed At the same time, the panel data of Shenzhen and Shanghai A-share listed companies from the year 2012 to 2016 is taken as a sample to conduct an empirical test by instrumental variable method The research draws the following conclusions: financial screening has a stimulating effect on enterprise innovative behavior, and the effect is greater when enterprises have stronger innovative ability; in the current innovation environment, there is a weak coupling among financial screening, innovative capacity of enterprises and fiscal policy, and their utility of collaborative incentives for corporate innovation is limited

Key words: financial screening technology, enterprise innovative behavior, endogenous economic growth model

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