摘要
研究了风险投资对战略性新兴企业外部购买创新投资的影响。结果发现:风险投资机构参与管理能降低了战略性新兴企业的外部购买创新投资的可能性;风险投资持股比例越大,战略性新兴企业的外部购买创新投资越小;战略性新兴企业的自主研发投资与其外部购买创新投资正相关,战略性新兴企业的自主研发投资与其外部购买创新投资是互补关系。
This paper studies the impact of venture capital on the external purchase of innovative investment by strategic emerging companies.The results found that:the participation of venture capital institutions in management can reduce the possibility of strategic emerging companies’external purchase of innovative investment;the greater the proportion of venture capital holdings,the smaller the external purchase of innovative investment of strategic emerging companies;the independence of strategic emerging companies R&D investment is positively related to its externally purchased innovation investment,and the independent R&D investment of strategic emerging companies is complementary to its externally purchased innovation investment.
作者
旷彩芬
周涵
刘珈灵
Kuang Caifen;Zhou Han;Liu Jialing(Shaoxing College of Arts and Sciences,Shaoxing 312000,China;Hangzhou Branch of Zhongruicheng Certified Public Accountants,Hangzhou 310018,China)
出处
《长江技术经济》
2021年第4期90-94,共5页
Technology and Economy of Changjiang
基金
国家级大学生创新创业项目“风险承担视角下金融支持对战略性新兴企业创新投资效率的影响机理研究”(项目编号:201910349003)绍兴文理学院校级科研项目“风险承担视角下金融支持科技型企业创新的机理研究”(项目编号:2019SK011)。
关键词
创新投资
风险投资
研发投资
innovation investment
venture capital
R&D investment
