High and New Technology Enterprise Performance and Financial Constraints: Is Clustering Efficient?
High and New Technology Enterprise Performance and Financial Constraints: Is Clustering Efficient?
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DOI：
10.11114/aef.v4i6.2678
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发表时间：
2017-10
期刊：
影响因子：
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通讯作者：
Qi Shu;Go Yano
中科院分区：
文献类型：
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作者：
Qi Shu;Go Yano
本文利用中国2002-2009年长三角地区非上市高新技术企业的公司层面面板数据，考察了我国政府设立的高新技术产业开发区对提高企业绩效的重要性。研究发现，高新区高新技术企业具有较高的生产率、增长潜力、出口和创新活动；较好地获得贸易信贷和银行贷款对生产率、增长和出口有显著的促进作用，但不影响创新活动；在国家高新区，更需要贸易信贷和银行贷款的企业在生产率、成长性、出口和创新活动方面表现更好。
Using firm level panel data for non-listed high and new technology enterprises in the Yangtze River Delta of China from 2002¨C2009, we investigated the importance of the high and new technology industrial development zone (HNTIDZ) established by the Chinese government for improving enterprise performance. We found that high and new technology enterprises located in HNTIDZs enjoy superior productivity, growth potential, export and innovation activity; better access to trade credit and bank loan facilities plays a significant role in promoting productivity, growth and export, but it does not affect innovation activity; in national HNTIDZs, enterprises that are more in need of trade credit and bank loan have better performance in the respect of productivity, growth, export as well as innovation activity.