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企业家是实施创新组合的行动者和组织者,其本质是以创新为核心的企业家精神。金融工具是企业家进行创新行动过程中凭以获取资源的主要媒介。金融深化有利于企业家进行要素组合和减轻资本运营成本。通过测算我国企业家精神和金融深化程度,并进一步进行实证分析,研究发现:近二十多年来,我国金融深化程度不断提高但直接融资比例较低;企业家精神逐渐提升但仍远低于发达国家水平;金融深化对我国企业家精神发展具有正向的因果关系,企业家精神对税率具有因果效应。基于以上研究结论,本文认为,金融市场规则的完善和结构优化是促进企业家精神提升的必要措施。
Entrepreneurs are actors and organizers who implement innovative combinations, and their essence is the entrepreneurial spirit with innovation as the core. Financial instruments are the main media for entrepreneurs to rely on for resources in carrying out innovative actions. Financial deepening is conducive to entrepreneurial factor combination and reduce capital operating costs. By measuring China’s entrepreneurial spirit and financial deepening degree, and further empirical analysis, the study found that: in the past two decades, China’s financial deepening but the direct financing ratio is low; entrepreneurial spirit gradually increased but still far below Developed countries; the deepening of finance has a positive causal relationship with the development of our country’s entrepreneurship, and the entrepreneurial spirit has a causal effect on the tax rate. Based on the above conclusions, this paper argues that the improvement of financial market rules and structural optimization are necessary measures to promote entrepreneurship.