风险投资对企业创新效率影响机制研究

On the Mechanism that Venture Capital Affect Innovation Efficiency

风险投资对于企业的创新效率有比较显著的正向影响,并且风险投资是通过研发投入的更有效利用,而不是单纯的数量累积实现的。此外,风险投资的介入还提高了企业创新产出的增长率。这说明风险投资对企业创新效率发挥了积极作用,风险投资能够通过企业软实力的提高,实现企业创新投入资本更有效率的创新。

Venture capital has significantly positive impact on the innovation efficiency. The im-pact of venture capital functions in the way of efficient use, rather than the cumulative investment inR&D. Venture capital also improves the rates of growth of innovation output. These imply that ven-ture capital is playing an active role in improving innovation efficiency of enterprise.