我国创业投资区域集聚及其环境影响因素研究——基于聚类分析和因子分析

Research on Regional Agglomeration of Venture Capital in China and Its Environmental Impact Factors——Based on Clustering Analysis and Factor Analysis

本研究根据《2016中国风险投资年鉴》数据,采用系统聚类法把我国31个省、直辖市、自治区创业投资划分为4类3个层次。从宏观经济环境、行业环境、科学技术环境、金融环境、人力资源环境、政府支持环境、服务行业环境等7大方面构建环境影响因素指标体系,对我国(由于数据缺失,新疆、西藏、海南、青海除外)个省(区市)进行因子分析,挖掘影响创业投资不同层次的环境因子。研究表明:①影响我国创业投资集聚的两个主要因子分别为创业投资基础性因子F1和创业投资辅助性因子F2。②创业投资基础性因子贡献率较大,是创业投资集聚现象产生的主要原因。③不同区域之间影响创业投资集聚的因子F1、F2所占比重不同。

According to the data of 2015-2016 China Venture Capital Yearbook, the venture cap. ital of 31 provinces, municipalities and autonomous regions in China is divided into four categories and three levels by using system clustering method. This paper constructed an index system of environmental impact factors from seven aspects, including macroeconomic environment, industry environment, science and technology environment, financial environment, human resource environment, government support environment, service industry environment. Through the factor analysis of provinces (because of lacking data, except Xinjiang, Tibet, Hainan, Qinghai), the environmental factors that affect the different levels of venture investment were found out. The research has showed that:① the two main factors that affect the agglomeration of venture capital are venture capital basic factor and venture capital auxiliary factor .② the contribution rate of basic factors of venture capital is relatively large, which is the main reason for clustering venture capital.③ Factors F1 and F2 that affect venture capital agglomeration in different regions have different proportions.