创新活动对新创企业衰退的影响分析

Impact of Innovation upon the Decline of New Ventures

在多变的经济环境下,不同市场结构的新创企业的创新活动对资产回报率的衰退有何影响?通过研究发现,产品创新可以显著降低新创企业衰退的可能性,而研发投入则相反。行业的企业密度越高,新创企业衰退的可能性越低;而行业的市场集中度越高,新创企业衰退的可能性越高。因此,创新企业需要平衡现有的资源,提高创新投入到产出的转化效率。地方政府则需要适当降低行业的进入壁垒,从而增加新创企业的创新活动和生存能力。

In the complex and constantly changing economic environment, how are the innovative activities of the new ventures with different market structures related to the decline of their return on assets（ROA）？Studies show that product innovation significantly reduces the chances that a new venture could decline while research spending is the opposite. The higher the business density is in an industry, the less likely the new ventures are to decline. However, the more concentrated the market is, the more likely the new ventures are to decline. Therefore, new ventures need to balance their current resources, and more effectively turn innovation investment into the actual output. On the part of local governments, they need to properly reduce the entry barriers to make new ventures stronger and more innovative.