基于TLC的风险投资对企业技术创新影响研究

发布时间：2018-05-13 10:35

本文选题：风险投资 + 技术生命周期　；参考：《兰州理工大学》2013年硕士论文

【摘要】：风险投资作为一项重要而特殊的投资行为,在企业发展过程中具有至关重要的作用和地位,尤其对于高新技术企业而言,高投入、高产出、高风险的行业属性,更吸引了众多风险投资的参与,甚至风险投资常被认为是技术型企业创业的一个重要代名词。企业的技术创新是凭借其拥有的大量知识产权为依托,同时依据生命周期理论,将企业的技术分为导入、成长、成熟、衰退四个基本的阶段,而在不同的生命周期阶段,企业生产经营的重点亦有所差异,因此风险投资对处于技术生命周期不同阶段的企业进行技术创新的作用会有所不同,同时在技术生命周期的不同阶段,企业选择风险投资的策略也不尽相同。基于此,本文从技术生命周期的角度分析风险投资与企业技术创新的关系,分析处于不同技术生命周期阶段的企业技术创新的特征,并在此基础上分析处于不同技术周期阶段的企业在选择风险投资方面的策略问题,对企业进行技术创新乃至破解融资难等问题,具有重要的现实指导意义。通过分析技术生命周期不同阶段风险投资对企业技术创新的影响,我们认为：风险投资在技术生命周期的初期阶段,促进了原创性技术的研发：在技术生命周期的成长阶段,促进了产品或服务的创新；在技术生命周期的成熟阶段,促进了工艺的创新；在技术生命周期的衰退阶段,风险投资使技术企业能够获得产业转型升级或再创业的预期目标,从而实现其持续竞争力不断提升的目标要求。同时,本文也对处于技术生命周期不同阶段的企业如何选择适合的风险投资的问题作了探索,对企业从技术生命周期角度进行风险投融资决策具有现实指导意义。
[Abstract]:As an important and special investment behavior, venture capital plays a vital role and position in the process of enterprise development, especially for high-tech enterprises, high input, high output, high risk industry attribute. It also attracts the participation of many venture capital, even venture capital is often regarded as an important synonym for technology enterprises. The technological innovation of an enterprise is based on a large number of intellectual property rights it owns. At the same time, according to the theory of life cycle, the technology of the enterprise is divided into four basic stages: introduction, growth, maturity and decline, and in different life cycle stages. Therefore, the role of venture capital in technological innovation of enterprises at different stages of the technology life cycle will be different, and at the same time, at different stages of the technology life cycle, The strategy of choosing venture capital is different. Based on this, this paper analyzes the relationship between venture capital and enterprise technological innovation from the point of view of technology life cycle, and analyzes the characteristics of enterprise technological innovation in different stages of technology life cycle. On this basis, it is of great practical significance to analyze the strategic problems in choosing venture capital for enterprises in different technology cycle stages, and to carry out technological innovation and solve the problems of financing difficulties. By analyzing the impact of venture capital on enterprise technological innovation in different stages of the technology life cycle, we believe that venture capital promotes the research and development of original technology in the early stage of the technology life cycle, and the growth stage of the technology life cycle. Promotes innovation in products or services; promotes innovation in technology at the mature stage of the technology life cycle; and in the recession phase of the technology life cycle, where venture capital enables technology firms to achieve the desired goals of industrial transformation, upgrading or re-entrepreneurship, In order to achieve its continuous competitiveness constantly improve the goal requirements. At the same time, this paper also explores how to choose suitable venture capital for enterprises in different stages of technology life cycle, which has practical guiding significance for enterprises to make venture investment and financing decision from the angle of technology life cycle.
【学位授予单位】：兰州理工大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F273.1;F426.6

【参考文献】