Abstract Based on the 2012 World Bank China enterprise micro survey data, this paper studies the impact of government procurement and financing constraints on enterprise innovation in China. The results show that the financing constraints restrict the enterprise innovation activities,and the government procurement can promote the enterprise innovation,it takes financing constraint as intermediary variable to influence enterprise innovation.After considering the endogeneity problem,the above conclusion remains true.Therefore,we should perfect the supporting policies for government procurement to support enterprise innovation,guide the docking of financial capital and enterprise innovation,and it has important practical guiding significance to speed up the pace of independent innovation of enterprises in China.
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Fund:基金项目:国家自然科学基金项目(71673194,71473169,71742004) |
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