Abstract:By establishing a financial misallocation production model and in view of the principal-agent theory perspective,this paper draws conclusions that state-owned enterprise s preference in importing technology lies in the ownership structure.And the financial misallocation strengthens the technology importing preference.With China s industrial department panel data of 37 industries from 2001 to 2010,we verifies the conclusion and points out that adjustment of financial policy and reform of state-owned enterprises in competitive industries will reduce China s dependence on imported technology and encourage innovation of these enterprises.
戴静;张建华. 金融错配、所有制结构与技术进步——来自中国工业部门的证据[J]. , 2013(3): 70-76.
Dai Jing;Zhang Jianhua. Financial Misallocation,Ownership Structure and Technology Progress——Evidence from China s Industrial Sector. , 2013(3): 70-76.