Broad Money Growth, Corporate Innovation Investment and Enterprise Technological Progress

摘要

Innovation investment and technological progress have always been the focus of academic circles. This study takes A-share listed companies as the research object, and examines the mechanism and effect of broad money growth, innovation investment and technological progress. The results of the study are as follows. Broad money growth affects the difficulty of corporate financing by affecting the scale of social financing, and the difficulty of corporate financing affects the innovation investment and technological progress of enterprises; broad money growth has positive incentive effect on enterprise innovation investment. Broad money growth has a promoting effect on technological progress of enterprises. Innovative investment has a significant supporting effect on technological progress of enterprises; there is a dynamic interaction between broad money growth, innovation investment and technological progress of enterprises, and there is an interaction between the three.