Financial Development Of High And New Technology Enterprise In Tianjin Impact Study

The world economy is in the age of transformation from industrial economy to knowledge-based economy, the development and diffusion of modern science and technology in industry are the motive power of economic growth in the21st century. While the development of modern finance makes the motive power push economic growth forward with multiplier effect. In the macro-context of transformation in social economy, the economy theoretical circles, Decision-making departments in government and industries focus on the development of high-tech enterprises from the perspective of finance.The paper collects lots of relevance data of Tianjin from2000to2009. The financial developing index and the developing index of high-tech enterprises are chosen as the explanatory variables and the explained variables, the econometric model is established, the relation of the two is analysed. Empirical study shows that the enlargement of financial scale in Tianjin plays a positive part in developing high-tech enterprises. The conclusions show that the finance is beneficial to high-tech enterprises in Tianjin. Based on empirical conclusion, Tianjin should construct the multi-level financial supporting system. The concrete measures should include several aspects, such as open up the channel of finance to stimulate the long-term development of high-tech enterprises in Tianjin.