| 风险投资、研发投入对技术创新产出的差异化影响研究 |
| |
| 引用本文： | 赵武,李晓华,朱明宣,庞加兰.风险投资、研发投入对技术创新产出的差异化影响研究[J].科技管理研究,2015(7). |
| |
| 作者姓名： | 赵武 李晓华 朱明宣 庞加兰 |
| |
| 作者单位： | 1. 西安电子科技大学经济与管理学院,陕西西安,710071
2. 西安外国语大学经济金融学院,陕西西安,710128 |
| |
| 基金项目： | 陕西省社科基金项目“陕西省中小型科技企业成长的金融支持研究”(12D033)；陕西省社科界重大理论和现实问题项目“丝绸之路经济带战略下提升陕西金融创新能力研究”(2014Z142)；陕西省自然科学基础研究计划项目“包容性创新的机理与促进机制研究”(2014JM2-7134)项目来源西安市科技局软科学项目“促进西安金融资本市场发展研究” |
| |
| 摘 要： | 与研发投入相比,风险投资作为高新技术产业的一种新型融资手段,在促进技术创新方面的作用备受争议。为此,采用我国1994—2012年风险投资、科技投入与创新产出的数据,运用线性回归和PLS回归实证分析风险投资、研发投入等对创新产出的差异化影响。实证结果表明:风险投资、研发投入均对创新产出有正向促进作用,但风险投资额对创新产出的贡献率较低,研发经费支出额对专利产出的弹性系数是风险投资额弹性系数的2倍。尽管风险投资额对创新产出有正向影响,但对不同创新产出的影响也存在差异,在以专利申请量和注册商标量分别为解释变量的模型中,风险投资额对注册商标量的作用更为显著。这种结果的出现与我国风险投资业发展的各项机制不完善有关。
|
| 关 键 词： | 风险投资 研发投入 技术创新产出 差异化影响 |
| 收稿时间： | 2014/5/27 0:00:00 |
| 修稿时间： | 2015/3/28 0:00:00 |
Venture Capital,R |
| |
| ZHAO Wu,LI Xiaohua,ZHU Mingxuan,PANG Jialan.Venture Capital,R[J].Science and Technology Management Research,2015(7). |
| |
| Authors: | ZHAO Wu LI Xiaohua ZHU Mingxuan PANG Jialan |
| |
| Abstract: | Compared with the R D investment, venture capital as a new type of high-tech industries means of financing, in promoting the role of technological innovation controversial. Therefore, our 1994-2012 annual risk investment, science and technology investment and innovation output data, using linear regression and partial least squares regression (PLS) empirical analysis of risk investment, R D investment and so on differentiated impact of innovation output. The empirical results show that: Venture capital and R D investment has a positive impact on innovation output, but venture has a lower contribution rate related to the amount of R D input, R D expenditure on patent output elasticity even higher risk investment elasticity of two times. Although the risk of investment has a positive impact on innovation, the different effects of different innovation , in order to patent applications and registered trademarks, respectively, as the explanatory variable in the model, the risk investment for a registered trademark the amount of more significant role. R D expenditures relative to the amount of risk investment in technological innovation outputs, The emergence of this result with the development of venture capital industry in the mechanisms imperfections. |
| |
| Keywords: | venture capital R&D investment technological innovation output differentiated impact |
| 本文献已被 CNKI 万方数据 等数据库收录！ |
| 点击此处可从《科技管理研究》浏览原始摘要信息 |
| 点击此处可从《科技管理研究》下载免费的PDF全文 |
|
