摘要
人工智能作为重大技术突破为基础的产业,需要更多的资金来满足其研发活动。那么究竟哪种融资方式最有利于提升企业的自主创新能力?本文以2015—2019年我国人工智能企业上市公司为研究对象,运用面板回归模型发现:人工智能产业内部融资和股权融资对企业创新能力的提升有正向促进作用,且内部融资的促进作用更强;相对于国有企业,在非国有企业中,内部融资和股权融资对企业创新能力的促进作用更显著;债权融资对人工智能企业创新能力的提升没有显著影响。鉴于此,得出相应启示。
As an industry based on major technological breakthrough,artificial intelligence needs more funds to support the R&D activities.Which financing mode is the most conducive to improving the independent innovation ability of enterprises?This paper makes a case study of Chinese listed companies in artificial intelligence industry from 2015 to 2019,and uses panel regression model to get the following findings.Internal financing and equity financing in the artificial intelligence industry have positive promoting effects on the improvement of corporate innovation ability,and internal financing has a stronger promoting effect.In contrast to state-owned enterprises,internal financing and equity financing may promote the improvement of corporate innovation ability more significantly in non-state-owned enterprises.Debt financing has no significant effect on the improvement of innovation ability of artificial intelligence enterprises.To this end,it gets some corresponding enlightenment.
作者
蒙大斌
周玉歌
MENG Dabin;ZHOU Yuge(School of Economics,Tianjin University of Commerce,Tianjin 300134,China)
出处
《天津商业大学学报》
2022年第1期66-72,共7页
Journal of Tianjin University of Commerce
基金
教育部人文社会科学基金青年项目“不完全信息条件下的知识产权和风险信贷:机理、效果与政策研究”(20YJC790098)。
关键词
人工智能产业
融资方式
创新能力
artificial intelligence industry
financing mode
innovation ability
