信号传递视角下政府干预 外部投资与企业自主创新——基于战略性新兴产业上市公司面板数据的分析-government intervention in external investment and independent innovation of enterprises from the perspective of signal transmission - analysis based on panel data of listed co.docx

developmentandcommitmenttoinnovationwithinthejurisdictionofthegovernmentwillchoosetoimplementhighcorporateintervention,whilecompanieswillchoosetoimplementinnovativedevelopmentactivitiesoutsideinvestorstoparticipateinthefinalequilibriumstructureshaveasignificantimpact;governmentinterventionandinnovationinvestment,innovationoutputshowedainvertedU-shapedrelationship,andinthefinaloutputstagedoesnotwork;externalinvestmenthasadifferentimpactontheroleofinnovationintheenterpriseinthreestages;ordertoeasefinancingconstraintsstrategicemergingindustries,doesnotcompletelyfollowthepeckingordertheoryoffinancing.Theinnovationofthispaperis:First,constructedasignalinggamemodelbetweenthegovernment,outsideinvestorsandcorporate;Second,buildsignalingtransmissionconceptualmodelthroughstudyonthesignalingmechanismbetweenthegovernmentintervention,externalinvestmentandenterpriseindepengdentinnovationinstrategicemergingindustries;Third,constructsimultaneousequationsmodeltotestthesignalingtransmissioneffetbetweengovernmentintervention,externainvestmentinenterpriseindepengdentinnovationprocess,astheenterpriseindepengdentinnovationprocesswasseenasaloopsystem.KEYWORDS：GovernmentIntervention,ExternalInvestment,StrategicEmergingIndustry,IndependentInnovation,SignalTransduction目录摘要iiiABSTRACTiv第一章导论....................................................................................................................................11.1问题提出...........................................................................................................................11.2研究意义...........................................................................................................................41.3研究内容和技术路线.......................................................................................................51.4研究方法和创新点...........................................................................................................7第二章相关理论和文献综述.........................................................................