Research On The Impact Of Financial Support On Science And Technology Innovation Of Small And Medium-sized Agricultural-related Enterprises

For now,scientific and technological innovation has become the engine of China’s economic development.Since the Twelfth Five-Year Plan,the state has attached great importance to the development of scientific and technological innovation,and continuously issued policy documents to support the development of scientific and technological innovation.In order to solve the problem of insufficient funds for the main body of scientific and technological innovation,General Secretary Xi Jinping put forward new requirements for strengthening financial support for scientific and technological innovation at the Nineteenth National Congress.In the field of agriculture,small and medium-sized enterprises involved in agriculture,as the main force in the development of agricultural modernization,bear the responsibility of changing the mode of production and improving production efficiency.In the process of these in agriculture,they are also facing a shortage of funds.Because the weakness of agriculture has not changed,this situation is still increasing.At present,different financial support subjects have made strong exploration,but the impact of different financial support on technological innovation of small and medium-sized agricultural enterprises needs further study.Based on the theory of financial development,this paper constructs the theoretical framework of financial support affecting the scientific and technological innovation of small and medium-sized agricultural-related enterprises.Through statistical yearbook and related website data collation,this paper combs out the overall status quo of financial support for scientific and technological innovation of small and medium-sized agricultural enterprises,and explains the existing problems in detail,and the causes of these problems are analyzed from the perspectives of the characteristics of agricultural science and technology innovation itself and different subjects.Secondly,this paper constructs the input-output index system of scientific and technological innovation of small and medium-sized agricultural enterprises,uses the survey data of 205 small and medium-sized agricultural enterprises in DEA model to scientifically calculate the efficiency of scientific and technological innovation.On this basis,this paper constructs a Tobit model to empirically analyze the impact of different financial support on the efficiency of scientific and technological innovation of small and medium-sized agricultural enterprises.The above analysis results show that: 1.Shaanxi Province’s financial support for small and medium-sized agricultural-related enterprises in science and technology innovation is generally insufficient,local financial expenditure is insufficient,financial institutions are difficult to provide effective financial support for agricultural-related enterprises,and the capital market has not played a supporting role.2.The efficiency of scientific and technological innovation of agricultural-related enterprises is generally low,and there are some differences among different industries and regions.3.Heterogeneity exists in the impact of different financial support on the efficiency of scientific and technological innovation of agricultural enterprises,and the government financial support,capital market financial support and the educational level of the main operators of enterprises have significant positive effects on the efficiency of scientific and technological innovation of enterprises.Financial support from financial institutions does not play an important role in improving the efficiency of scientific and technological innovation.In the light of the present situation,problems and reasons of financial support for scientific and technological innovation of small and medium-sized agricultural enterprises,and the results of empirical analysis,this paper puts forward countermeasures and suggestions to optimize financial support for scientific and technological innovation of small and medium-sized agricultural enterprises in our province: 1.Agricultural enterprises should constantly improve their own strength.In addition to improving their own management level,they should actively expand financing channels 2.Local governments should further play a guiding and supporting role.They should focus on Perfecting Regional Stock Exchange Market and Local Intellectual Property Exchange Platform.3.Financial institutions should further innovate from various perspectives,develop "investment and loan" models and products,and accelerate their institutional innovation and reform.