Research on the Influence Mechanism of Financial Agglomeration on Innovation Resilience of High-Tech Industry
In the process of implementing the innovation-driven development strategy,it is necessary to deeply integrate the innovation chain,industrial chain,capital chain and talent chain to improve innovation efficiency.However,high-tech industry innovation has the characteristics of high risk and high investment,and it is especially important to improve its sustainable innovation ability and enhance its resilience.This paper examines the impact mechanism of financial agglomeration on the innovation resilience of high-tech industries based on provincial panel data and using dynamic panel generalised matrix(GMM).The results show that financial agglomeration significantly enhances the innovation resilience of regional high-tech industries;the level of human capital plays the mediating role in the influence of financial agglomeration on the innovation resilience of high-tech industries;and the innovation atmosphere positively regulates the process of financial agglomeration affecting the innovation toughness of high-tech industries.
financial agglomerationinnovation resiliencehuman capital levelinnovation atmosphere