中文摘要：

本文利用中国29个省区2005～2009年间的面板数据，考察了地区金融生态环境对大中型工业企业技术创新能力的影响。运用单向及双向固定效应模型的计量结果发现，地区金融生态环境指标与工业企业的创新能力之间具有显著的正向关系。考虑了主要解释变量内生性问题的稳健性检验再次支持了地区金融生态环境与工业企业技术创新能力之间的正向关系。改善金融生态环境能够为地区微观经济主体的技术创新活动提供市场激励，并在对技术创新的供给推动与需求拉动的合力作用下，最终达到提升一个地区工业企业技术创新能力的目的。

英文摘要：

In this paper, using panel data of 29 Chinese provinces during 2005--2009, we assess the effect of regional financial ecological environment on technological innovative capabilities of large and medium-sized industrial enterprises. The estimation results from one-way and two-way fixed effect model show that the index for regional financial ecological environment has significant positive effect on technological innovation of industrial enterprises. The empirical results of robust tests, which deal with the potential endogeneity problem, support above positive relationship again. Improving financial ecological environment can increase market incentives for the technological innovation, and ultimately enhance technological innovative capabilities of regional industrial enterprises under the driving force of demand-pull and supply-push.