价值实现视角下技术入股合作的机理分析

Mechanism analysis of technology-stock cooperation:From the value realization perspective

在技术入股合作中,由于合作双方行为的不确定性和不合理的技术入股比例,合作难以达到预期效果。通过分析合作存在的事后道德风险,运用演化博弈方法建立技术方与资本方的博弈模型,研究影响技术入股合作效果的因素。研究表明技术入股比例、合作双方的诚意以及专业能力是不同情境下影响合作效果的重要因素;合理的技术入股比例由技术价值与合作双方的专业能力共同决定。

Because of the uncertain behaviors and unreasonable technical shareholdings on both sides in theirtechnology-stock cooperation,it becomes hard for cooperation t to achieve the desired effect.On the basis of analyzing the existence of afterwards moral hazards of the cooperation,the present essay builds an evolutionary game model between technology provider and capital provider to discuss the factors affecting the effect of technology-stock cooperation.The research findings indicate that technology shareholding,sincerity for cooperation and professional competence of both sides are important factors affecting cooperation process in different situations.Reasonable technology shareholding should be decided by technical assessment value,professional competence of both parties.