新能源企业创新的市场化激励——基于风险投资和企业专利数据的研究

发布时间：2018-06-05 12:30

本文选题：新能源产业 + 创新能力　；参考：《中国工业经济》2017年12期

【摘要】：以风险投资为代表的市场化手段能否有效激励新能源企业创新,这一问题对于转变中国新能源产业发展方式、构建低碳安全的能源体系和市场导向的绿色技术创新体系、推进绿色发展具有重要意义。本文基于新能源政府补贴缺口逐年扩大的特定背景,考虑风险投资对新能源企业创新能力的内在影响机制,并在吸收能力的视角下探讨新能源企业的异质性因素对风险投资作用效果的影响。结果表明,风险投资能够显著提升新能源企业的创新能力。这一激励效应主要通过三个机制共同实现,分别是"资金增加效应",即为企业的经营发展提供直接的资金支持;"创新倾向提高效应",即提高企业研发创新的积极性;"股东积极主义效应",即为企业提供多种形式的增值服务。这说明风险投资作为一种市场化的资本运作方式,在新能源产业的发展中发挥着重要作用。因此,从新能源产业的现状考虑,一方面,应当使市场在资源配置中起决定性作用,实现新能源领域的要素自由流动和企业优胜劣汰,达到集约发展和结构调整的目的;另一方面,需要政府更好地发挥作用,在逐步减少新能源补贴等直接干预的同时,利用宏观调控体系为新能源企业创新能力的提高创造良好的制度环境。本文的研究不仅对中国新能源产业方面的政策制定具有重要启示,也为利用市场机制激励技术创新提供了一定的经验依据。
[Abstract]:Whether the market-oriented means, represented by venture capital, can effectively stimulate the innovation of new energy enterprises, this problem can change the development mode of China's new energy industry, construct a low-carbon and safe energy system and a market-oriented green technological innovation system. Promoting green development is of great significance. Based on the specific background that the gap of government subsidy for new energy is widening year by year, this paper considers the inherent influence mechanism of venture capital on the innovation ability of new energy enterprises. From the perspective of absorptive capacity, this paper discusses the influence of heterogeneity factors of new energy enterprises on the effect of venture capital. The results show that venture capital can significantly improve the innovation ability of new energy enterprises. This incentive effect is mainly realized through three mechanisms. They are "capital increasing effect", that is, providing direct financial support for enterprise's management and development; "innovation tendency increasing effect", that is, increasing the enthusiasm of enterprise's R & D innovation; and "shareholder positivism effect", that is, providing multiple kinds of enterprise. In the form of value-added services. This shows that venture capital, as a market-oriented capital operation mode, plays an important role in the development of new energy industry. Therefore, considering the present situation of the new energy industry, on the one hand, we should make the market play a decisive role in the allocation of resources, realize the free flow of the elements in the field of new energy and the survival of the fittest, and achieve the purpose of intensive development and structural adjustment. On the other hand, it is necessary for the government to play a better role, to gradually reduce the direct intervention such as new energy subsidies, and at the same time to create a good institutional environment for the improvement of innovation ability of new energy enterprises by using the macro-control system. The research in this paper not only has important implications for the policy making of China's new energy industry, but also provides a certain empirical basis for the use of market mechanism to stimulate technological innovation.
【作者单位】：武汉大学经济与管理学院;武汉大学气候变化与能源经济研究中心;武汉大学碳排放权交易湖北省协同创新中心;华中科技大学经济学院;
【基金】：国家自然科学基金青年基金项目“基于碳价格映射的中国工业能源结构优化研究”(批准号71503087)
【分类号】：F273.1;F426.2

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