财经理论与实践2024，Vol.45Issue(2)：25-32,8.DOI:10.16339/j.cnki.hdxbcjb.2024.02.004
金融科技影响企业创新投资的效应与机制研究
Research on the Effect and Mechanism of Fintech on Enterprise Innovation Investment
摘要
Abstract
Based on the data of A-share listed companies in Shanghai and Shenzhen in 2011-2021,this paper uses fixed effect model and intermediary effect model to explore the influence of fintech devel-opment on enterprise innovation investment and its mechanism.It is found that the development of fin-tech is helpful to improve the innovation investment level of enterprises;The development of fintech can improve the innovation investment level of enterprises by increasing the short-term financial asset alloca-tion behavior of enterprises and restraining the long-term financial asset allocation behavior of enterpri-ses;Both executive equity incentives and government subsidies have significantly strengthened the driving effect of innovative investment in fintech;In non-state-owned enterprises,the driving effect of fintech on innovation investment is more significant.关键词
金融科技/创新投资/金融资产配置/高管股权激励/政府补助Key words
fintech/innovative investment/allocation of financial assets/executive equity in-centive/government subsidy分类
管理科学引用本文复制引用
何涌,王坤,张影,谢磊..金融科技影响企业创新投资的效应与机制研究[J].财经理论与实践,2024,45(2):25-32,8.基金项目
国家社会科学基金一般项目(22BJY109) （22BJY109）
湖南省社会科学成果评委会课题重大项目(XSP20ZDA006) （XSP20ZDA006）
