Abstract
Taking Yuhuang Shannan Fund Town as a typical example, this paper established a financial innovation characteristic town social benefit evaluation system through on-site investigation and quantitative analysis. It can be summarized into five major aspects: social and livelihood development, socioeconomic development, ecological environment, infrastructure construction and related system construction. Then we constructed a structural equation model (SEM) for the evaluation of social benefits of towns, and made the assumption that the impact of the five latent variables on the total variable of social benefits is positive. Through the first-order confirmatory factor analysis and the second-order confirmatory factor analysis of the structural equation, it is concluded that the five latent variables have a positively significant impact on the social benefits and have strong internal consistency. According to the degree of influence, effective suggestions are given from private equity and industrial foundation, which provide reference and practical guidance of the construction of financial innovative towns in the future.
Highlights
Financial innovation town is a new exploration to break the traditional development path of financial industry, which is represented by various financial centres, and can provide effective financial capital support for supply-side structural reform and innovation-driven development
To advance knowledge in this area and to facilitate possible development considerations in financial innovation town, this study has three main objectives. It takes Yuhuang Shannan Fund Town as an example, this study selects, optimizes and establishes the social benefit evaluation index of the project of this town, and constructs the social benefit evaluation model of the project of it based on structural equation model (SEM)
On the basis of previous literatures, this paper sets up the evaluation system of social benefit of financial innovation town by literature review and investigation
Summary
Financial innovation town is a new exploration to break the traditional development path of financial industry, which is represented by various financial centres, and can provide effective financial capital support for supply-side structural reform and innovation-driven development. To advance knowledge in this area and to facilitate possible development considerations in financial innovation town, this study has three main objectives. It takes Yuhuang Shannan Fund Town as an example, this study selects, optimizes and establishes the social benefit evaluation index of the project of this town, and constructs the social benefit evaluation model of the project of it based on SEM. A significant portion of this study explores the social benefit and evaluation system of financial innovation town, while others explore the core issues of its construction and development, and provides development strategies for other financial towns
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