京、沪、深科技金融发展差异比较及其对高新技术产业竞争力的影响分析

发布时间：2018-03-17 13:38

本文选题：科技金融发展差异　切入点：高新技术产业竞争力　出处：《上海师范大学》2017年硕士论文　论文类型：学位论文

【摘要】：金融在经济活动中发挥着重要的作用,它起着对资源配置的基础功能,特别是资金配置功能,它调节着资金在产业之间合理的流动,从低效的产业退出,进入资金利用效率较高的高新技术产业,不断的推动着产业向合理化和高级化调整。基于此国内外学者对金融发展状况与经济增长、产业结构的关系做了大量的学术研究,取得了显著成就。但更多的是从传统的金融发展状况与经济增长、产业结构的宏观角度进行论证,而很少是基于科技金融的视角研究金融市场状况与高新技术产业竞争力之间的关系。本文试图从科技金融角度,探讨科技金融融资发展状况对高新技术产业竞争力的影响,并基于京、沪、深三市的比较,给出与高新技术产业相匹配的金融市场相关对策建议。为此本文首先回顾与梳理了国内外学者关于传统的金融市场融资发展状况、科技金融状况对高新技术产业竞争力影响相关理论的研究,总结出了一些基本理论观点,并且通过对科技金融与高新技术产业的基本概念回顾,界定了本文所研究的科技金融与高新技术产业的定义与特征;其次,就科技金融发展状况对高新技术产业的影响进行了理论分析,并进一步阐述了前者对后者的作用机理;接着从融资角度出发,对京、沪、深科技金融发展状况与高新技术产业的现状进行了分析,并比较三者之间的差异。再次,本文选取2005—2014年三市的相关数据进行因子分析、多元线性回归实证分析,分析了科技金融发展状况对高新技术产业竞争力的影响,结果表明:科技贷款因其债务性融资成本较高,从而使得其对高新技术产业竞争力水平的提高具有促进作用,但对于上海高新技术产业竞争力的发展却具有抑制作用;创业风险投资因专业性等特点能够大力促进高新技术产业竞争力水平的提高;科技资本市场因权益融资成本较低,使得其对高新技术产业竞争力水平的提高具有显著的促进作用;科技财政投入由于财政资金的无偿性,但考虑到“挤出效应”使得其对高新技术产业竞争力的提高具有促进作用又有抑制作用。
[Abstract]:Finance plays an important role in economic activities. It plays a fundamental role in the allocation of resources, especially the function of capital allocation. It regulates the rational flow of funds between industries and withdraws from inefficient industries. The entry into the high-technology industry with high efficiency of capital utilization has continuously promoted the rationalization and upgrading of the industry. Based on this, scholars at home and abroad have done a great deal of academic research on the relationship between financial development and economic growth and industrial structure. Remarkable achievements have been made. But more from the perspective of traditional financial development and economic growth, industrial structure, The relationship between the financial market conditions and the competitiveness of high-tech industries is seldom studied from the perspective of sci-tech finance. This paper attempts to explore the impact of the development of sci-tech finance on the competitiveness of high-tech industries from the perspective of sci-tech finance. Based on the comparison of Beijing, Shanghai and Shenzhen stock markets, the paper gives the relevant countermeasures and suggestions of financial market matching with high-tech industries. Firstly, this paper reviews and combs the development of traditional financial market financing by domestic and foreign scholars. This paper summarizes some basic theoretical viewpoints on the influence of science and technology finance on the competitiveness of high and new technology industry, and reviews the basic concepts of science and technology finance and high technology industry. This paper defines the definition and characteristics of sci-tech finance and high-tech industry, secondly, analyzes the influence of the development of sci-tech finance on high-tech industry, and further expounds the mechanism of the former on the latter. Then from the perspective of financing, this paper analyzes the development of science and technology finance in Beijing, Shanghai, and Shenzhen, and compares the differences among them. Thirdly, this paper selects the relevant data from 2005 to 2014 to carry out factor analysis. This paper analyzes the influence of the development of science and technology finance on the competitiveness of high-tech industry. The results show that the financing cost of science and technology loan is high because of its debt. So that it can promote the level of high-tech industry competitiveness, but it can inhibit the development of Shanghai high-tech industry competitiveness. Venture capital can greatly promote the competitiveness of high and new technology industries because of its professional characteristics, and the cost of equity financing in the scientific and technological capital market is relatively low. This makes it play a significant role in promoting the competitiveness of high and new technology industries, and the financial input of science and technology is due to the gratuitous nature of the financial funds, But considering the "extrusion effect", it can promote and restrain the competitiveness of high-tech industry.
【学位授予单位】：上海师范大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.7;F276.44

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