| 中文摘要 | 第5-12页 |
| ABSTRACT | 第12-17页 |
| CHAPTER 1 INTRODUCTION | 第23-35页 |
| 1.1 Background | 第23-25页 |
| 1.2 Research Scope/ Objectives/Research Questions | 第25-27页 |
| 1.3 Contributions and Significance | 第27-30页 |
| 1.4 China as an interesting case study for the topic | 第30-33页 |
| 1.5 Organization of Thesis | 第33-35页 |
| CHAPTER 2 OVERVIEW OF FINANCIAL SYSTEM | 第35-41页 |
| 2.1 Financial System: Definition, Explanation & Functions | 第35-39页 |
| 2.1.1 Financial Development: Definition and Explanation | 第36-37页 |
| 2.1.2 Financial Structure: Definition and Explanation | 第37-39页 |
| 2.2 Financial System of China: Evolution & Current Status | 第39-41页 |
| CHAPTER 3 CORPORATE INVESTMENTS AND RELEVANT HYPOTHESIS | 第41-57页 |
| 3.1 Different types of Investments | 第41-42页 |
| 3.2 Asymmetric Information and its repercussions | 第42-45页 |
| 3.3 Financial Constraints and Innovation | 第45-46页 |
| 3.4 Financial Constraints and Innovation Investment | 第46页 |
| 3.5 Investment Cash Flow Sensitivity | 第46-47页 |
| 3.6 Financial System and efficiency | 第47-51页 |
| 3.6.1 Financial Development and investment efficiency | 第47-49页 |
| 3.6.2 Financial structure and investment efficiency | 第49-51页 |
| 3.7 Financial System and Investment distortions | 第51-54页 |
| 3.7.1 Under-investment hypothesis | 第51-53页 |
| 3.7.2 Over-investment hypothesis | 第53-54页 |
| 3.8 Financial constraints and Innovation Investment | 第54-57页 |
| CHAPTER 4 ROLE OF FINANCIAL SYSTEM IN ENHANCING INVESTMENTEFFICIENCY | 第57-80页 |
| 4.1 Conceptual Framework | 第57-66页 |
| 4.1.1 Empirical Model and Estimation | 第59-66页 |
| 4.2 Data | 第66页 |
| 4.3 Discussion of Results | 第66-74页 |
| 4.3.1 Descriptive Analysis | 第66-68页 |
| 4.3.2 Financial Development Effects | 第68-72页 |
| 4.3.3 Financial Structure Effects | 第72-74页 |
| 4.4 Robustness Tests and Remarks | 第74-80页 |
| CHAPTER 5 ROLE OF FINANCIAL DEVELOPMENT IN INVESTMENTDISTORTIONS | 第80-93页 |
| 5.1 Conceptual Framework | 第80页 |
| 5.2 Methodology | 第80-87页 |
| 5.2.1 Priori classification of firms on the basis of under- and over-investment | 第80-83页 |
| 5.2.2 Baseline Specification | 第83-84页 |
| 5.2.3 Main features of data and descriptive statistics | 第84-87页 |
| 5.3 Empirical Results | 第87-89页 |
| 5.4 Robustness Tests | 第89-93页 |
| 5.4.1 Estimations by alternative panel data technique | 第89-90页 |
| 5.4.2 Estimations by using alternative variables | 第90-92页 |
| 5.4.3 Estimation by using alternative ways of identifying Financial Development | 第92-93页 |
| CHAPTER 6 RELATIONSHIP OF INNOVATION WITH FINANCIAL SYSTEM | 第93-113页 |
| 6.1 Conceptual Framework | 第93-95页 |
| 6.2 Empirical Implementation | 第95-98页 |
| 6.2.1 Empirical Model and Estimation: | 第95-96页 |
| 6.2.2 Measuring overall Financial Structure | 第96-97页 |
| 6.2.3 Measuring overall Financial Development | 第97-98页 |
| 6.3 Sample Construction | 第98-99页 |
| 6.4 Technology Innovation Activity Participation Rate | 第99-101页 |
| 6.5 Summary statistics | 第101-103页 |
| 6.6 Empirical Results | 第103-110页 |
| 6.6.1 Baseline Results for effects of financial structure | 第103-109页 |
| 6.6.2 Baseline Results for effects of financial development | 第109-110页 |
| 6.7 Robustness Test | 第110-113页 |
| 6.7.1 Augmented TIA model | 第110-111页 |
| 6.7.2 Alternative Measure of Innovation Activities | 第111-113页 |
| CHAPTER 7 CONCLUSIONS,IMPLICATIONS AND FUTURE DIRECTIONS | 第113-120页 |
| 7.1 Conclusions | 第113-116页 |
| 7.2 Implications | 第116-118页 |
| 7.2.1 Macroeconomic Level: Policy makers | 第116-118页 |
| 7.2.2 Microeconomic Level: For Firms | 第118页 |
| 7.3 Future Directions | 第118-120页 |
| CHAPTER 8 REFERENCES | 第120-130页 |
| APPENDICES | 第130-132页 |
| ACKNOWLEDGEMENT | 第132-133页 |
| DEDICATION | 第133-134页 |
| LIST OF PUBLICATIONS | 第134-137页 |
| ACHIEVEMENTS | 第137页 |
