A Study On The Driving Role Of Diversified Capital For Manufacturing Enterprises Innovation Investment In Hebei Province

The manufacturing enterprises in Hebei province undertake the important task of the transformation and upgrading under the dual strategy of "Integration of Beijing-Tianjin-Hebei region" and "Made in China 2025".At present,the traditional development way of extensive growth which relys on elements can't meet the demand of the enterprise development.The only way of realizing transformation for manufacturing enterprises is to rely on innovation to drive the development and technological innovation is crucial for manufacturing enterprises to develop.However,the characteristic of technological innovation is both high-investment and high-risk that makes it hard for manufacturing enterprises to raise enough money to innovate.So,this article embarks from the current situation of manufacturing enterprises technology innovation in Hebei province,tries to explore the driving role of diversified capital for manufacturing enterprises technological innova tion investment and establishes the driving strategy.In order to alleviate enterprises innovation financing constraints and improve the driving force for innovation.First of all,this article embarks from the research background,determines the research object and on the basis of analyzing the research status at home and abroad to determine the research content and method.Then this article defines the concept and expounds the related theory from two aspects of research contents and research methods,which provides the theoretical foundation for this study.Secondly,this paper investigates the technology innovation and financing situation of manufacturing industry enterprise in Hebei province and puts it in Beijing-Tianjin-Hebei region to analyze the existing problems.On the basis of the present study,this paper focuses on analysing the capital supply of both fit from the s upply side of innovation funds and establishs a a driving strategy model for diversified capital to analyse the necessity of capital diversification trend,la ying a theoretical foundation for the empirical study.Finally,the driven relationship between diversified capital and the enterprise innovation investment is studied by multivariate regression model in this paper,this study finds that the enterprise innovation investment is associated with the degree of diversified capital.Besides,the main driving force of the enterprise innovation investment is different under the different types of multivariate capital.Through the analysis of different driving force,this paper tries to understand the enterprise innovation financing preference and find the enterprise financing problems.And on how to promote capital diversification and drive enterprise technology innovation,this paper puts forward the proposal to increase the enterprise innovation driving ability and improve enterprise technology innovation ability from three aspects: the government,capital market and enterprises.