Research On The Impact Of Industrial Agglomeration On Enterprise Innovation In My Country

Industrial agglomeration,enterprise financing constraints and enterprise innovation are all hot topics at present.Researchers pay great attention to the relationship between them,but little attention to the overall relationship between them.This paper focuses on the study of the relationship between the three,through combing the literature to explore the relationship between the three in theory to put forward relevant hypotheses,and then empirically tests the theoretical hypotheses with the help of fixed regression test and intermediary effect test,finally determines the relationship between the two and the overall relationshipbetween the three,and accordingly puts forward relevant policy building.It is hoped that the future development of industrial agglomeration can better promote the outbreak of enterprise innovation.Specifically,this paper is based on the perspective of corporate financing constraints to explore how industrial agglomeration affects corporate innovation.First of all,through the theoretical exploration and analysis of the relationship between industrial agglomeration and enterprise innovation,industrial agglomeration and enterprise financing constraint,enterprise financing constraint and enterprise innovation respectively,the relationship hypothesis between them is put forward one by one correspondingly,and then,on this basis,the hypothesis that "financing constraint plays an intermediary role between industrial agglomeration and enterprise innovation" is put forward ? Then,based on the panel data of 56 listed companies in 19 sub sectors of manufacturing industry in Shanghai from 2012 to 2016,by selecting enterprise patents as innovation indicators,location quotient as measurement indicators of industrial agglomeration,SA index as indicators of corporate financing constraints,and using time point individual double fixed regression model and intermediary effect to test the above four false The empirical test shows that there is a positive correlation between the degree of industrial agglomeration and enterprise innovation,and there is a negative correlation between the degree of industrial agglomeration and the degree of enterprise financing constraints.The release of enterprise financing constraints is conducive to promoting enterprise innovation,and industrial agglomeration can promote enterprise innovation by easing enterprise financing constraints.Finally,based on the four conclusions of this paper,policy recommendations are proposed: first,it is suggested that the government should pay special attention to the improvement of the degree of agglomeration in the process of industrial agglomeration development,including taking various specific and effective measures to improve the degree of industrial association in the industrial agglomeration area,so that enterprises are not only reflected in the concentration of regional location,but also the correlation of business relationship,mutual penetration,concentration and specialty among enterprises Secondly,it is suggested that the government should pay attention to the problem of alleviating the financing constraints in the process of industrial agglomeration.It can effectively dredge the channels and mechanisms for capital and capital to enter the enterprises in the industrial cluster area through specific measures such as government financial support,greatly alleviate the financing constraints of enterprises,and finally promote the outbreak of enterprise innovation scale.