摘要
随着企业融资成本和成长水平日益受到关注,园区内企业同样面临严重的融资问题,而这种融资问题又无法由政府或行政主体长期干预解决。研究中小企业的融资与成长效益关系对于园区尤其是高新技术开发区的内生性发展至关重要。本文选取2010—2022年有代表性的南昌、新余、萍乡三个园区的数据,对园区融资能力与区内企业成长水平建模,并对三个园区成长的各自差异化做计量分析。结论表明,园区企业总体融资能力是园区企业规模发展关键因素,园区之间产业协调合作是园区发展的动力方向。选取随机影响变参数模型分别比较三大园区招商实际到位资金与主营业务收入的显著性关系,得出南昌高新技术开发区显著性最大,其他两个园区显著性不明显的结果。
As more at tent ion has been paid to the corporate f inancing cost and growth level,those enterprises in zones are facing serious f inancing problems,which cannot be solved through long-term intervent ion by the government or administrat ive ent i t ies.It’s necessary to study the relat ionship between f inancing and growth benef i ts of smal l and medium-sized enterprises because that is crucial for the endogenous development of zones,especial ly high-tech development ones.This paper selects the data of the three representat ive zones,Nanchang,Xinyu and Pingxiang,from 2010 to 2022.Then i t models the f inancing capaci ty of the zones and the growth level of the enterprises in the zones,and makes an econometric analysis on the respect ive di f ferences in the growth of the three zones.The resul ts indicates that the overal l corporate f inancing capaci ty is a key factor for the development of the scale of the enterprises in the zones,and the industrial coordinat ion and cooperat ion among zones is the driving force for their development.In addi t ion,a variable parameter model for random inf luence is selected to compare the relat ionship of signi f icance between the actual investment in the three major zones and their main business income,drawing a conclusion that Nanchang High-tech Development Zone has the highest signi f icance whi le the other two zones are not signi f icant.
作者
胡鑫
刘文姣
Hu Xin;Liu Wenjiao
出处
《科技广场》
2023年第2期11-20,共10页
Science Mosaic
关键词
园区企业融资
成长关联
随机影响
变参数模型
Corporate Financing in the Zones
Growth Correlat ion
Random Inf luence
Variable Parameter Model
