Research On The Influence Of Property Insurance Enterprises On The Growth Of Regional High-tech Enterprises

The effective financial support for the real economy is a reflection of the mutual promotion of sustainable economic development and sustainable growth.However,on the one hand,China has adopted active policies to regulate financial development and prevent systemic risks,but there are still some financial bubbles.On the other hand,the real economy-related enterprises are faced with high financing costs and few financing channels,which become the key to the further development of the real economy.This situation of "real imbalance" with rapid financial development and slow real economy urgently needs to achieve dynamic balance between real economy and finance by using financial leverage.As an important pillar of the financial industry,the insurance industry plays the role of social security and economic booster.The quality of the two functions of the insurance industry will directly affect the level of technological progress and technological innovation ability of enterprises,thus supporting the revitalization of the real economy.In view of the current structure of the insurance industry and the real economy development mismatch phenomenon leads to the lack of innovation,we specifically chose diversification for the enterprise property insurance industry,and intensive,technology innovation elements drive the development of high technology industry as the research object,using the research idea deduction to the point of view of the financial sector and real economy,To effectively introduce the financial industry into the real economy and improve the effectiveness of financial services to the development of the real economy.Based on the resource dependence theory,dynamic competition theory and agglomeration theory,this paper analyzes the relationship between the competition and agglomeration of property insurance enterprises and the growth of high-tech enterprises,and puts forward a conceptual model.This paper makes an empirical analysis of property insurance enterprises and high-tech enterprises by using double-fixed panel data model and spatial Dubin model.According to the empirical results,the following conclusions are drawn:(1)The increasing of the scale and density of the competitive network in the property insurance industry has a double effect on the growth of high-tech enterprises,which will increase first and then decrease.(2)For the regions with higher institutional quality,the scale of competitive network has a stronger impact on the growth of high-tech enterprises.The influence of competitive network mediality centrality on the growth of high-tech enterprises is different with different institutional quality.(3)There is an inverted U-shaped relationship between the centrality of competitive network mediations and the growth of high-tech enterprises in areas with large scale development of property insurance industry.For the property insurance industry to develop the smaller scale of the region,we should first consider the gradual development of the property insurance industry in this region.(4)The agglomeration of property insurance enterprises can not only significantly promote the growth of high-tech enterprises in the region,but also promote the growth of high-tech enterprises in the surrounding region.Based on the above research results,this paper puts forward policy suggestions to promote the property insurance enterprises to support the growth of regional high-tech enterprises,which has certain theoretical significance and practical value for the research on the establishment of financial effective support mechanism for the real economy proposed in the "14th Five-Year Plan" period.