Firms' Export and Technological Innovation Decision from the Perspective of Financial Constrains: Evidence from Manufacturing Firms of Fujian Province

Han Yuanyuan; Zhao Jinliang

doi:doi:10.11648/j.si.20160402.24

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Firms' Export and Technological Innovation Decision from the Perspective of Financial Constrains: Evidence from Manufacturing Firms of Fujian Province

Han Yuanyuan, Zhao Jinliang

Published in Science Innovation (Volume 4, Issue 2)

Received: 4 May 2016 Accepted: Published: 5 May 2016

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Abstract

From the perspective of financial constraints, this article analysize the technological innovation decision of Fujian Province empirically using 2005-2007 micro firm data of the province under the formal and informal financing channels. We analyzed the influence of export trade, financial constraints on technology innovation. More important,the interaction between them. The results show that the financial constraints restrain the export of firms,thus affect the innovation decision, but the influence is quite different according to the different financing channels. Under the banks and other formal financing channels, the lower financial constraints of export firms, the stronger of its innovation propensity. But under the informal financing channels, trade credit has no significant effect on firms' innovation decision-making, nor affect firms' innovation through export mechanism.

Published in	Science Innovation (Volume 4, Issue 2)
DOI	10.11648/j.si.20160402.24
Page(s)	99-104
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Financial Constraints, Firms' Innovation Decision, Export, Fujian Province

References

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[5]	Gorodnichenko and Schnitzer, Financial constraints and innovation: Why poor countries don't catch up [OL]. NBER Working Papers ,2010,No: 15792.
[6]	赵伟、韩媛媛、赵金亮.融资约束、出口与中国本土企业创新：机理与实证[J].当代经济科学，2012（6）：98-108。
[7]	李后建、刘思亚.银行信贷、所有权性质与企业创新[J]．科学学研究，2015(7)：1089-1099。
[8]	Allen, F., J. Qian and M. Qian, Law, Finance and Economic Growth in China [J]. Journal of Financial Economics,2005,77: 57-116.
[9]	Bönte W. and Nielen S., Product Innovation, Credit Constraints and Trade Credit: Evidence from a Cross-country Study [OL]. Manage. Decis. Econ. 2011,32: 413-424.
[10]	赖永文、沈理明、林路曦.福建省非正规金融变迁、效应及规范发展[J].福建金融，2012（8）：17-21.
[11]	孔祥贞、刘海洋、徐大伟．出口固定成本、融资约束与中国企业出口参与[J]．世界经济研究，2013(4)。
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[15]	Manova, K., S.-J. Wei and Z. Zhang., Firm Exports and Multinational Activity under Credit Constraints [OL]. NBER working paper No.16905, 2011.

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Han Yuanyuan, Zhao Jinliang. (2016). Firms' Export and Technological Innovation Decision from the Perspective of Financial Constrains: Evidence from Manufacturing Firms of Fujian Province. Science Innovation, 4(2), 99-104. https://doi.org/10.11648/j.si.20160402.24

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ACS Style

Han Yuanyuan; Zhao Jinliang. Firms' Export and Technological Innovation Decision from the Perspective of Financial Constrains: Evidence from Manufacturing Firms of Fujian Province. Sci. Innov. 2016, 4(2), 99-104. doi: 10.11648/j.si.20160402.24

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AMA Style

Han Yuanyuan, Zhao Jinliang. Firms' Export and Technological Innovation Decision from the Perspective of Financial Constrains: Evidence from Manufacturing Firms of Fujian Province. Sci Innov. 2016;4(2):99-104. doi: 10.11648/j.si.20160402.24

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@article{10.11648/j.si.20160402.24,
  author = {Han Yuanyuan and Zhao Jinliang},
  title = {Firms' Export and Technological Innovation Decision from the Perspective of Financial Constrains: Evidence from Manufacturing Firms of Fujian Province},
  journal = {Science Innovation},
  volume = {4},
  number = {2},
  pages = {99-104},
  doi = {10.11648/j.si.20160402.24},
  url = {https://doi.org/10.11648/j.si.20160402.24},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.si.20160402.24},
  abstract = {From the perspective of financial constraints, this article analysize the technological innovation decision of Fujian Province empirically using 2005-2007 micro firm data of the province under the formal and informal financing channels. We analyzed the influence of export trade, financial constraints on technology innovation. More important,the interaction between them. The results show that the financial constraints restrain the export of firms,thus affect the innovation decision, but the influence is quite different according to the different financing channels. Under the banks and other formal financing channels, the lower financial constraints of export firms, the stronger of its innovation propensity. But under the informal financing channels, trade credit has no significant effect on firms' innovation decision-making, nor affect firms' innovation through export mechanism.},
 year = {2016}
}

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TY  - JOUR
T1  - Firms' Export and Technological Innovation Decision from the Perspective of Financial Constrains: Evidence from Manufacturing Firms of Fujian Province
AU  - Han Yuanyuan
AU  - Zhao Jinliang
Y1  - 2016/05/05
PY  - 2016
N1  - https://doi.org/10.11648/j.si.20160402.24
DO  - 10.11648/j.si.20160402.24
T2  - Science Innovation
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JO  - Science Innovation
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EP  - 104
PB  - Science Publishing Group
SN  - 2328-787X
UR  - https://doi.org/10.11648/j.si.20160402.24
AB  - From the perspective of financial constraints, this article analysize the technological innovation decision of Fujian Province empirically using 2005-2007 micro firm data of the province under the formal and informal financing channels. We analyzed the influence of export trade, financial constraints on technology innovation. More important,the interaction between them. The results show that the financial constraints restrain the export of firms,thus affect the innovation decision, but the influence is quite different according to the different financing channels. Under the banks and other formal financing channels, the lower financial constraints of export firms, the stronger of its innovation propensity. But under the informal financing channels, trade credit has no significant effect on firms' innovation decision-making, nor affect firms' innovation through export mechanism.
VL  - 4
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Author Information

Han Yuanyuan

School of Economics and Finance, Huaqiao University, Quanzhou, China
Zhao Jinliang

Xiamen Branch, China Construction Bank, Xiamen, China

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APA Style

Han Yuanyuan, Zhao Jinliang. (2016). Firms' Export and Technological Innovation Decision from the Perspective of Financial Constrains: Evidence from Manufacturing Firms of Fujian Province. Science Innovation, 4(2), 99-104. https://doi.org/10.11648/j.si.20160402.24

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ACS Style

Han Yuanyuan; Zhao Jinliang. Firms' Export and Technological Innovation Decision from the Perspective of Financial Constrains: Evidence from Manufacturing Firms of Fujian Province. Sci. Innov. 2016, 4(2), 99-104. doi: 10.11648/j.si.20160402.24

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AMA Style

Han Yuanyuan, Zhao Jinliang. Firms' Export and Technological Innovation Decision from the Perspective of Financial Constrains: Evidence from Manufacturing Firms of Fujian Province. Sci Innov. 2016;4(2):99-104. doi: 10.11648/j.si.20160402.24

Copy | Download

@article{10.11648/j.si.20160402.24,
  author = {Han Yuanyuan and Zhao Jinliang},
  title = {Firms' Export and Technological Innovation Decision from the Perspective of Financial Constrains: Evidence from Manufacturing Firms of Fujian Province},
  journal = {Science Innovation},
  volume = {4},
  number = {2},
  pages = {99-104},
  doi = {10.11648/j.si.20160402.24},
  url = {https://doi.org/10.11648/j.si.20160402.24},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.si.20160402.24},
  abstract = {From the perspective of financial constraints, this article analysize the technological innovation decision of Fujian Province empirically using 2005-2007 micro firm data of the province under the formal and informal financing channels. We analyzed the influence of export trade, financial constraints on technology innovation. More important,the interaction between them. The results show that the financial constraints restrain the export of firms,thus affect the innovation decision, but the influence is quite different according to the different financing channels. Under the banks and other formal financing channels, the lower financial constraints of export firms, the stronger of its innovation propensity. But under the informal financing channels, trade credit has no significant effect on firms' innovation decision-making, nor affect firms' innovation through export mechanism.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - Firms' Export and Technological Innovation Decision from the Perspective of Financial Constrains: Evidence from Manufacturing Firms of Fujian Province
AU  - Han Yuanyuan
AU  - Zhao Jinliang
Y1  - 2016/05/05
PY  - 2016
N1  - https://doi.org/10.11648/j.si.20160402.24
DO  - 10.11648/j.si.20160402.24
T2  - Science Innovation
JF  - Science Innovation
JO  - Science Innovation
SP  - 99
EP  - 104
PB  - Science Publishing Group
SN  - 2328-787X
UR  - https://doi.org/10.11648/j.si.20160402.24
AB  - From the perspective of financial constraints, this article analysize the technological innovation decision of Fujian Province empirically using 2005-2007 micro firm data of the province under the formal and informal financing channels. We analyzed the influence of export trade, financial constraints on technology innovation. More important,the interaction between them. The results show that the financial constraints restrain the export of firms,thus affect the innovation decision, but the influence is quite different according to the different financing channels. Under the banks and other formal financing channels, the lower financial constraints of export firms, the stronger of its innovation propensity. But under the informal financing channels, trade credit has no significant effect on firms' innovation decision-making, nor affect firms' innovation through export mechanism.
VL  - 4
IS  - 2
ER  -

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