부산대학교 도서관

This paper analyses the data on Chinese A-share listed companies from 1996 to 2019, using fixed-effect regression and the double-difference method to systematically examine the impact of commercial credit on enterprise technological innovation. The study found that the acquisition and provision of commercial credit has promoted the number of enterprise technological innovations and significantly improved their quality. In particular, the innovation of highly constrained companies is promoted by financing. Our findings help to solve the obstacles enterprises face in breaking through financing constraints and improving the efficiency and quality of their innovative efforts. The financing system has a significant influence on promoting the sustainable development of innovative enterprises.
Author(s): Tinghua Liu [1]; Jingru Wang (corresponding author) [1,*]; Dilesha Nawadali Rathnayake [1]; Pierre Axel Louembé [2] 1. Introduction Numerous researchers have argued that innovation is becoming progressively more essential [...]