管理评论

›› 2012, Vol. 24 ›› Issue (1): 67-74.

• 技术创新管理 • 上一篇    下一篇

高新技术企业创业能力、创新类型与融资方式关系研究

梅德强,龙勇   

  1. 重庆大学经济与工商管理学院,重庆
  • 收稿日期:2012-04-26 修回日期:2012-04-26 出版日期:2012-01-25 发布日期:2012-04-26
  • 作者简介:梅德强,重庆大学经济与工商管理学院博士研究生;龙勇,重庆大学经济与工商管理学院教授,博士生导师.

A Study on the Relationship among Entrepreneurial Competence, Innovation Types and Financing Choices in High-tech Companies

 MEI  De-Qiang, LONG  Yong   

  1. 400030College of Economics and Business Administration, Chongqing University, Chongqing 400030
  • Received:2012-04-26 Revised:2012-04-26 Online:2012-01-25 Published:2012-04-26

摘要： 创新是企业实现竞争优势的主要方式，而企业创业能力和资本来源是实现创新的保障。本文利用我国164例中小型高新技术企业，检验创业能力、创新类型和融资方式之间的关系。结果表明，机会能力与突破性创新、风险资本融资程度呈正向关系，而运作能力与渐进性创新、债务融资程度呈正向关系，突破性创新方式与风险资本融资程度呈正向关系，与债务融资程度呈负向关系，而渐进性创新与债务融资程度呈正向关系，与风险资本融资呈负向影响关系。

关键词: font-size: 9pt, mso-font-kerning: 1.0pt, mso-ansi-language: EN-US, mso-fareast-language: ZH-CN, mso-bidi-language: AR-SA, mso-bidi-font-family: 'Times New Roman'">创业能力, 创新类型, 风险资本融资, 资源基础观

Abstract: Entrepreneurial competence and financing source is critically important to innovation which can help firms gain sustaining competitive advantages. In this study we analyze the relationship among entrepreneurial competence, innovation types and financing choices. An empirical research is conducted with a sample of 164 high-tech companies. The results indicate that opportunity capability is associated with radical innovative and venture capital, whereas the operational capability isconducive to incremental innovation and debt. Furthermore, radical innovation leads to venture capital but has negative impact on debt; incremental innovation leads to debt but has negative impact on venture capital.

Key words: font-size: 9pt, mso-fareast-font-family: 宋体, mso-ansi-language: EN-US, mso-fareast-language: ZH-CN, mso-bidi-language: AR-SA, mso-bidi-font-weight: bold" lang="EN-US">entrepreneurial competence, innovation types, venture capital, font-size: 9pt, mso-fareast-font-family: 宋体, mso-ansi-language: EN-US, mso-fareast-language: ZH-CN, mso-bidi-language: AR-SA" lang="EN-US">resource-based view