创业投资机构介入、声誉信号与创新网络的动态演化

发布时间：2018-05-15 07:15

本文选题：创新网络 + 创业投资机构　；参考：《研究与发展管理》2017年01期

【摘要】：受新进入缺陷的制约,中小高科技企业面临成长的困境.本文利用多案例探索性研究,挖掘了创业投资机构的介入是如何影响中小高科技企业有效嵌入所在的创新网络环境,以及如何驱动其网络地位的提升.主要研究结论如下.1当中小高科技企业与创业投资机构合作时,创业投资机构的一些特征,如行业专业化程度、声誉,会影响利益相关方对中小高科技企业的价值判断,产生声誉信号.2与声誉较高的创业投资机构合作,所产生的声誉信号源于第三方机构的认证,会迅速失效,难以帮助企业克服新进入缺陷;专业化程度较高的创业投资机构通过培育企业的技术和核心竞争力,可以使企业质量表现、运营业绩相关的声誉信号持续加强,有利于企业生存和发展.3声誉信号的传递会吸引更多社会资本跟投,正向影响网络结构嵌入程度.
[Abstract]:Restricted by the new entry defects, small and medium-sized high-tech enterprises are faced with the dilemma of growth. This paper explores how the involvement of venture capital institutions affects the innovative network environment in which small and medium-sized high-tech enterprises are effectively embedded and how to promote their network status by using a multi-case exploratory study. The main conclusions are as follows. When small and medium-sized high-tech enterprises cooperate with venture capital institutions, some characteristics of venture capital institutions, such as the degree of industry specialization, reputation, will affect the value judgment of small and medium-sized high-tech enterprises. (2) producing reputation signal .2 in cooperation with venture capital institution with high reputation, the resulting reputation signal originates from the certification of third party organization, and it will fail quickly, and it is difficult to help the enterprise overcome the new entry defect; Through cultivating the technology and core competitiveness of the enterprise, the highly specialized venture capital institutions can continuously strengthen the reputation signals related to the enterprise's quality performance and operational performance. In favor of enterprise survival and development, the transmission of reputation signal will attract more social capital and investment, which will positively affect the embedding degree of network structure.
【作者单位】：上海交通大学安泰经济与管理学院;上海财经大学公共经济与管理学院;
【基金】：国家自然科学基金资助项目“不确定性视角下我国早期阶段风险投资行为研究”(71573174);“制度学习、文化差异与跨境风险投资行为与绩效研究”(71573163);“我国风险投资网络效应与价值溢出关系的理论与实证研究”(71173146)
【分类号】：F273.1;F279.2;F832.39

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