Does the level of corporate finance affect corporate technological innovation?
DOI:
https://doi.org/10.61173/btftfq23Keywords:
Level of Financing, Technological Innovation, Enterprise InnovationAbstract
As the main way for enterprises to obtain funds, the level of financing directly determines the amount of resources available for technological innovation. In this paper, we conduct an empirical research method based on the data of Chinese listed companies from 2009-2023 to explore in depth the impact of the level of corporate financing on the technological innovation activities of enterprises. It is found that there is a significant positive correlation between the level of corporate financing and its technological innovation capability. The empirical findings of this paper provide strong evidence for understanding the impact of the level of corporate finance on technological innovation, and provide useful references for enterprises to formulate scientific financing strategies and technological innovation planning.
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