创业沙盘实验短期浮动利率规则设计实证研究

An Empirical Study on Start-up Sand Table Experimental Rules Design Using Short-term Floating Interest Rate

在现有的创业沙盘实验体系中,融资手段单一,企业借款利率都固定不变,这样的设定不符合真实市场的变动情况以及运营队伍在经营过程中的变动情况,不利于沙盘的模拟实验效果,本文以创业沙盘融资板块规则中的短期利率为出发点,研究短期利率变化对企业运营的影响;通过研究发现,短期浮动利率规则能有效根据运营情况调整运营队伍的短期利率水平,从而对盈利能力和现金流产生变动,在此规则下对运营队伍的长期规划能力和财务预测能力提出了更高的要求,对现实企业运营的模拟更加真实有效,利于创业沙盘实验教学的深入推进;同时,也为创业沙盘各种规则动态化设计提供了具体案例和改进方向,有助于推动创业沙盘实验体系的改革和探索。

In the current start-up sand table experimental system,the monotonous financing way and the fixed lending interest rate for all enterprises comply with neither the real market fluctuations nor the running team changes during the operation,which is not propitious for sand table simulation.In this paper,we analyze the influence of the short-term floating interest rate towards the enterprise operation based on the short-term lending interest rate in the financing part of the start-up sand table experimental rules.The empirical results reflect that the short-term interest rate changes effectively according to the operation situation,leading to fluctuations on profitability and cash flow under the short-term floating interest rate rules.Thus it requires a better command of long-term operation plan and financial prediction to simulate the enterprise operation more effectively under the new rule,to enhance the experiment teaching of start-up sand table.Furthermore,we provide concrete examples for the dynamic design of the start-up sand table experimental rules to reform and explore the novel start-up sand table experimental system.