融资约束与国有股权对竞争与创新的调节作用

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Abstract Based on the classic theory that competition enhances innovation,we introduced LOGIT method to study the moderating effect of the financing constraints and state-owned ownership.By using the data from the project “World bank's Enterprise Survey 2012 in China”,we revealed that competitive pressure significantly stimulated the process innovation and product innovation,and had no significant effect on other innovative activities;financial constraints had negative moderating effect on the relation between competition and process innovation/product innovation;state-owned company had positive moderating effect on the relation between competition and process innovation/product innovation

Key words： Competition Innovation Financial constrains State-owned enterprises

Received: 12 July 2016

PACS:

F270

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	Xu Baoda
	Zhao Shukuan

Cite this article:

Xu Baoda,Zhao Shukuan. Competition and Innovation:Moderating Effect of the Financing Constraints and State-Owned Ownership[J]. , 2017, 0(5): 151-157.

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http://www.zgkjlt.org.cn/EN/ OR http://www.zgkjlt.org.cn/EN/Y2017/V0/I5/151

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