Research on Financial Support Mechanism of Creative Enterprises

Research on Financial Support Mechanism of Creative Enterprises

Bijun Xie, Bingkun Lin, Min Li
Copyright: © 2022 |Pages: 19
DOI: 10.4018/JGIM.20220701.oa6
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Abstract

Based on the literature review, this paper proposed the model between the influencing factors of financial support of creative enterprises, financial support capabilities and support performance, and made corresponding assumptions. On the basis of expert research and pre-study, the questionnaire of ‘research on financial support mechanism of creative enterprises’ is designed. Then, this paper took Chinese financial institutions and creative enterprises as research objects and collects 305 valid questionnaires. The empirical research showed that policy and regulation, social trust, financial innovation mechanism, risk management mechanism, financial service system, resources, marketing and technology had significant positive effects on the financial support performance of creative enterprises. Financial support capabilities of creative enterprises played a mediating role in the relationship between the social environment dimension, financial institution dimension, creative enterprises dimension and financial support performance of creative enterprises.
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2.Literature Review

2.1 Cultural and Creative Enterprises

The concept of the creative economy as an industry is first proposed by British. “British Creative Industry Path” put forward that creative industry is “derived from individual creativity, skill and talent, through the developing and using intellectual property with the potential to create wealth and employment”. Cultural economist Stephen Hawkins, the father of creative economy, defined the creative industry from the perspective of intellectual property rights. He believed that the creative industry was “an economic sector whose products are protected by the intellectual property law”. Since 2000, scholars at home and abroad have defined the connotation of cultural creative enterprises from the perspectives of enterprise and cultural. Based on related research, this paper holds a view that creative enterprises are economic organizations that meet the needs of public cultural consumption by producing and selling creative products and services on the basis of creativity and intellectual property. In addition to connotations, scholars are devoted to exploring the characteristics, types, and development models of creative firms.

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