利用2003-2013年中国规模以上企业省级面板数据,分别研究东中西部地区金融错配对规模以上工业企业技术进步的影响。研究发现,科研产出效率低下的中西部地区倾向于通过更高的科研经费投入占比弥补效率低下对企业技术进步的影响,而金融错配的存在更是加剧了这一现象。分地区来看,东中西部地区金融错配对科研投入水平的影响程度存在差异,中部地区的影响程度最大,西部地区次之,东部地区影响不显著。政府应该一方面加大对中西部地区的扶持力度,缩小区域发展差异,促进人才、技术等资源向中西部地区聚集,另一方面也要加快完善金融市场制度,降低金融资源错配程度,使企业之间承担相对公平的资金成本,最终使中东西部地区均衡快速发展。
Based on the 2003- 2013 provincial panel data from China above-scale enterprises, this paper studies the influence of financial mismatch in the east, central and west regions on the technology progress of above -scale industrial enterprises. The results show that the central and west regions which have low scientific research output efficiency tend to compensate for the influence of inefficiency on enterprise technology progress through higher scientific research fund investment proportion, and this phenomenon is aggravated by financial mismatch, and that the influence degrees of financial mismatch on scientific research investment level are different in the east, central and west regions with the greatest influence in central region followed by west region and no significant influence in east region. Therefore, the government should increase its support for the central and western regions so as to reduce regional development differences and promote such resources western regions, and on the other hand, the government system, reduce the degree of financial resources mismatch, as talent and technology etc. to gather in the central and should speed up the improvement of financial market enable enterprises to bear relatively fair capital cost so as to make the east, central and west regions develop rapidly and balancedly.