This paper uses the data of the GEM companies from 2010 to 2015 to study the mechanism of political relevance to corporate technological innovation. At the same time, it empirically examines the mechanism of anticorruption impact on political linkages and technological innovation. The study found that political connections have a positive effect on the technological innovation of hightech enterprises. For political affiliates, anticorruption will have a suppression effect on its technological innovation in the short term. Based on the above analysis results, this paper believes that it is necessary to increase anticorruption efforts. At the same time, For the high and new technology enterprises which have a high motivation to innovate but would have a serious impact from anticorruption, we need to establish corresponding supporting policies to avoid the shortterm economic fluctuation risk caused by such enterprises.

本文利用2010—2015年创业板企业数据，研究政治关联对企业技术创新的作用机理，同时实证检验反腐败对政治关联以及企业技术创新的影响机制。研究发现：政治关联对高新技术企业技术创新具有显著的促进作用。对存在政治关联的企业而言，短期内反腐败将会抑制企业技术创新。基于此，本文认为中国政府在继续加大反腐败力度的同时，对反腐败冲击较为严重但具有创新意愿的高新技术企业而言，需要建立相应的支持政策，从而规避对该类企业造成的短期经济波动风险。