中文摘要：

首次运用金融经济学中的公司特质信息变量来表征企业独有的精神特质，引入企业专利权数量作为创新产出指标，在此基础上使用A股上市公司中的粤商和浙商大样本数据来刻画企业特质精神与创新产出间的联系，运用双向固定／随机效应回归方法给出经验证据，初步回答了在技术创新层面，粤商和浙商是否体现了创新精神的问题．研究表明：无论是粤商还是浙商，其在技术创新层面的创新精神都有很大的提升空间；但相对而言，粤商在技术创新层面的创新特质要强于浙商．粤商的创新特质在实用新型专利的研发方面体现得较为明显．

英文摘要：

It firstly used firm-specific information in financial economics to represent the particular spiritual characteristics of the companies, and adopted the patent quantity of the companies as the technical innovation output indicator. On this base, it used the great sample data of Cantonese and Zhejiang merchants of A-share companies to study the relationship between firm-specific spirit and technical innovation output, and took two ways fixed-effect/random-effect re- gression method to test whether Cantonese and Zhejiang merchants have innovation spirit. The result shows that both Cantonese and Zhejiang merchants have a great space to improve innovation spirit in technical innovation. In contrast, the innovation characteristics of Cantonese merchants are more than Zhejiang merchants. The innovation characteristics of Cantonese merchants are mainly reflected in the research and development of utility model patent.