A Study on Financial Support for the Independent Innovation of SMEs
利用长三角、珠三角、东北老工业基地和内陆科技圈的数据,用面板单位根检验、协整检验和误差修正模型,研究了金融支持体系与科技型中小企业自主创新的长期和短期关系。
Based on the data of the Yangtse Delta,the Zhujiang Delta,the Northeast Old Industrial Base and the Interior Science and Technology Encircles,the authors use the unit root test,cointegration test and error correction models in panel data to empirically study both the long and short-term relations between the financial support system and the independent innovation of small and medium-sized technological enterprises in these four regions.The result shows that there is long-term supporting effect of financial system to the independent iunovation of small and medium-sized enterprises in the four technical regions.However,the short-term supporting effect of the financial system in the Yangtse Delta and the Zhujiang Delta are significant although with a time lag,while in the Northeast Old Industrial Base and the Interior Science and Technology Encircles are not significant.