Research on the efficiency evaluation of the integration of technology and finance in China’s strategic emerging industries

Abstract

The combination of technology and finance has a great potential impact on regional social and economic development, and strategic emerging industries are the convergence of technological innovation and financial support, the development of which have great significance for industrial structure adjustment and industrial quality improvement. The geographical distribution of emerging strategic industries in China is uneven. We selected 18 provinces with relatively concentrated emerging industries. 206 STI board enterprises in 2020 were collected. A three-stage DEA model was used to measure the input–output efficiency of the integrated development of science and technology finance. Also, we used a regression model to examine the path of integrated development of science and technology innovation and financial support. The research finds that the development of strategic emerging industries has a large demand for financial support and obvious regional differences, and the government plays a strong guiding role in their development as well. At the end of the research, countermeasures and suggestions for the development of strategic emerging industries are given.