Enterprise Financing Mode and Technological Innovation Behavior Selection: An Empirical Analysis Based on the Data of the World Bank’s Survey of Chinese Private Enterprises
Table 3
Explanatory variable.
Variable dimension
Variables
Description of variables
Questions in the questionnaire
Assignments to answer
Internal financing
Internal financing
Enterprise’s own capital
k3a
Raw data
External financing
Bank loans
Loans obtained by enterprises from banks
k3bc
Raw data
Commercial credit
Lending activities between enterprises in the form of commodities
k3f
Raw data
Nonbank loans
Loans obtained by enterprises from financial institutions other than banks
k3e
Raw data
Other loans: informal financing
Funds obtained from relatives and friends or usuries/loans obtained by enterprises from financial institutions other than banks
k3hd/k3e
Raw data
Equity financing
Shareholders of an enterprise are willing to transfer part of their shareholding and introduce new shareholders by means of capital increase