Banking Competition,Financing Constraints and Innovation Efficiency of Agriculture-Related Enterprises
This paper takes listed agriculture-related enterprises as the research object,and uses the rel-evant data from 2016 to 2021 to measure their innovation efficiency using three-stage DEA,and uses fixed effects to explore the influence of bank competition on the innovation efficiency of agriculture-related enterprises.The results show that banking competition promotes the innovation efficiency of agriculture-related enterprises;Considering the mechanism of influence,the intensification of banking competition fosters the innovative efficacy of agricultural enterprises through the mitigation of their financing con-straints;At the same time,the competition of banking industry mainly promotes the improvement of inno-vation efficiency of downstream agriculture-related enterprises.In this paper,after the endogeneity test,the robustness test such as replacement of explained variables and delayed explanatory variables is carried out,and the conclusion is still valid.Finally,this paper makes policy suggestions on three distinct do-mains—the government,banking sector,and agricultural enterprises;empirical insights and strategic recommendations are put forward aiming at stabilizing the domonant postition of agriculture-related enter-prises in innovation,thereby solidifying their pivotal role in driving agricultural science and technology advancements.
万方数据
维普
