THE EFFECTS OF DIFFERENT FINANCIAL STRUCTURE ON TECHNIQUE INNOVATION
分析了以金融市场或银行为主的金融结构对技术创新的影响，认为金融市场更适合高风险高回报的高科技产业融资，并据此解释我国中小技术企业融资难的原因。
This article mainly analyses the different financial structures-focusing on financial market or bank medium effects on technique innovation on the basis of financial functions. Risk internalization in bank medium and its incapability to reflect depositor's different views make it not suitable for high -tech industry financing with the characteristic of high-risk and rich-return. But financial market can fill the gap. Financial market enables investors to reduce risks by assets combination. At the meanwhile, it can supply a system expressing the investors' different views therefore sustain technique innovation. This conclusion has already been approved by developed countries. So this article gives financial system reasons of the difficulties of medium and small-sized technique enterprises in our country, and gives some relevant advices.