CAJ | 학술논문

科技产业是我国产能结构调整的重点，而金融支持在其中具有重要作用。采用DEA-Malmquist方法测度我国科技产业金融支持效率，以此为基础构建面板数据回归模型分析其影响因素。实证研究表明，科技产业金融支持效率存在较大波动，技术产出对产业支撑作用明显，而技术投入对产业的驱动则不稳定；在间接融资受阻情况下，通过直接融资促进股本流通对提升金融支持效率具有积极效果。最后提出相应的对策建议。
과기산업시아국산능결구조정적중점，이금융지지재기중구유중요작용。채용DEA-Malmquist방법측도아국과기산업금융지지효솔，이차위기출구건면판수거회귀모형분석기영향인소。실증연구표명，과기산업금융지지효솔존재교대파동，기술산출대산업지탱작용명현，이기술투입대산업적구동칙불은정；재간접융자수조정황하，통과직접융자촉진고본류통대제승금융지지효솔구유적겁효과。최후제출상응적대책건의。
The technology industry has an important role in China's economic sustainable development and production structure adjustment currently.This paper measures the efficiency of the technology industry financial support through the approach of DEA-Malmquist,and uses panel data regression model to build the basis of the analysis of its influencing factors.Empirical study shows that there is a greater volatility in the efficiency of the technology industry of financial sup-port,such as significant technical output and unstable technical input in the effect of driving industry.In the case of in-sufficient driving force of indirect financing,direct equity financing can promote the development of the technology indus-try and enhance the flow of financial support.Finally,this paper puts forward the corresponding countermeasures.