摘要
新能源发展对中国循环经济和可持续发展有举足轻重的影响,企业可持续发展离不开技术创新。为了探究技术创新对新能源行业可持续发展能力的影响程度,本文选取2007—2016年的38家A股上市非ST新能源企业为研究对象,通过建立非平衡面板数据,同时考虑到内生性的问题,采用动态面板二步系统GMM分析方法进行实证研究。从技术创新的研发投入、研发人员、专利数量、教育水平4个方面,以及加入研发投入与专利、研发人员与专利的两个交互项对新能源行业短期绩效和长期绩效的两个模型进行研究。结果显示,加强对技术创新的支持,对企业财务可持续发展有促进作用。
New energy industry has a significant impact on China s circular economy and sustainable development in recent years.The sustainable development of enterprises is inseparable from technological innovation.In order to explore the degree of influence of technological innovation on the sustainable development capacity of the new energy industry,38 non-ST new energy companies listed on the A-share market from 2007 to 2016 were selected as the research objects.By establishing non-balanced panel data and taking the endogenous issues into account,an empirical study is performed by using the dynamic panel two-step system GMM analysis method.The two models of short-term performance and long-term performance of the new energy industry are carried out from the four aspects of technology innovation including R&D investment,R&D personnel,number of patents and education level,and the addition of two interactive items of R&D investment and patent,R&D personnel and patent.Therefore,strengthening the support for technological innovation will promote the sustainable development of corporate finance.
作者
黄姝妍
叶涵影
张弘毅
曾原
陈省宏
Huang Shuyan;Ye Hanying;Zhang Hongyi;Zeng Yuan;Chen Xinghong(Business School,Macao University of Science and Technology,Macao 999078,China)
出处
《中国科技论坛》
CSSCI
北大核心
2021年第2期51-57,共7页
Forum on Science and Technology in China
关键词
技术创新
财务可持续发展
新能源行业
非平衡面板
Technological innovation
Financial sustainable development
New energy industry
Non-balanced panel
