Abstract：Using the panel data from listed companies,this paper empirically tests the financing constraints on the self-innovation of advanced materials industry and the regulation of industrial cluster degree.Main findings and conclusions of this paper are as follows:self-innovation activities of advanced materials industry facing significant credit constraints.However,industrial cluster degree has significant positive correlation with self-innovation investment as well as effectively eases the self-innovation financing constraints.Therefore,it would be the effective measures for sustainable development of new materials industry by further strengthening policy guidance and industry management,and actively cultivating healthy competition and a good atmosphere of cooperation for advanced materials industry clusters.
王涛,刘雪萍,陈志军. 融资约束对新材料产业自主创新的影响[J]. 中国科技论坛, 2015(7): 16-21.
Wang Tao,Liu Xueping,Chen Zhijun. Empirical Research on the Effect of Financing Constraints on Self-Innovation of Advanced Materials Industry in China. , 2015(7): 16-21.
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