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The Study On Development Modelof Science Technology And Financein Corps

Posted on:2015-06-17Degree:DoctorType:Dissertation
Country:ChinaCandidate:W G MaFull Text:PDF
GTID:1109330479497081Subject:Agricultural Economics and Management
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Scientific technology(for Sci-tech) constitutes a primary productivity. And finance is thecore of modern economy. Sci-tech is moving rapidly according to the world, which has been animportant track and prominent guarantee of building innovative nation with economicglobalization. Economic development and social progress are more connected with sci-techinnovation and financial market efficiency, especially the merge innovation of sci-tech innovationchain and financial market chain. The high combination between sci-tech innovation and financialmarket innovation is a great engineer of changing producing and living styles. The combination isalso a significant creation of accelerating sci-tech achievement transformationand strategicneo-industry cultivation. With the reform of sci-tech and financial constitution, sci-tech resourcesand financial resources match together to construct a diversified, multi-level and channel systemand provide an important guard for implementing innovative strategy.Sci-tech in XPCC, which depended on traditional fiscal input, has not exerted its amplifyingand conducting effect. This paper wrote through the condition of sci-tech and financial resources,evaluated sci-tech finance effect by the model of sci-tech finance in horizontal and vertical view.Through AHP on sci-tech development in XPCC, And the result showed sci-tech financial benefitduring 2004-2013, did not work well on a whole. The two periods of 2004-2006 and 2008-2010 showed an apparent decline of integrating value of sci-tech and finance, while a constantincrement was made steadily during the following years. Sci-tech innovation output during2004-2013 increased more than financial input, and the benefit of sci-tech finance decreased 4%in the past decade.Through DEA method to compare sci-tech finance effect with that of the nation,evidences showed that the index of sci-tech finance efficiency was 0.49; lower than 0.834 ofnational average level. Of the efficiency decompose, pure tech efficiency was 0.514, scaleefficiency was 0.954, pure tech efficiency make more in drag off. In that way, financial developedbehind sic-tech, and comprehensive advantage was not significant. During the “Twelfth Five”,more medium and small enterprises were run in XPCC. For the low financial development andscarce commercial banks, stereotype service model, banks preferred to those immature enterprisesand offered loan. But for the enterprises, which were labeled with light capital and high risk,would suffered to get a credit loan. So it enhanced financing dilemma from other channels. Basedon the situation this paper analyzed the current sci-tech finance issues, including sci-tech process,funding input, service function, service platform and inner management.Due the model of sci-tech fund and credit loan, this paper conducted an ESS method in theview of involving participants, through the respective profits of sci-tech fund and enterprises inXPCC. This paper analyzed the triple sci-tech finance objects(sci-tech enterprises, commercialbanks and credit companies) by game theory, with multi-stage game analysis at sci-tech creditmodel. The game analysis was arranged through three evolutionary game model, to make gameanalyze of company supervision on building bank authorizing behavior and credit loan of bankingcompany policy-making and credit loan company. This method aimed to analyze inner problemsand key risk control of sci-tech financial development model at behavior-making. The aboveproofs dig out the existing problems of sic-tech financial development by theoretically analysisand survey on government, banks, credit loan companies and sci-tech companies with muti-level.Based on the collective theoretic analysis, data surveying, empirical study and ESS gametheory, this paper proposed the existing problems of the two sci-tech financial developmentmodels with the advancing sci-tech financial developing experience both in and abroad, toresemble relative resources and rebuild the sci-tech financial model of XPCC+Bank and sci-techloan model of XPCC+Bank+Credit Loan Company to serve sci-tech enterprises in XPCC.Meantime, innovatively building intelligence property pledge model of XPCC+Bank+Credit LoanCompany and innovation venture capital model of XPCC+Innovative Venture Capital, made itaccessible.At last, this paper proposed the tracks and guarding measures of sci-tech financialdevelopment model. Combined with sci-tech development under the special constitution ofXPCC, this paper built the model of sci-tech financial development and design the tracks of fiscalinput, developing plan of depending on sci-tech financial process system and financial risk shareconstitute and tolerance oriented sci-tech financial development. Through commercial banks,medium and small stock commercial banks and sci-tech banks, the sci-tech indirect financingtracks would get promoted. Besides, financial intermediary system including sci-tech servingagencies, sci-tech financial database, sci-tech intelligence and scholar information base andsci-tech service platform, should be explicitly ascertained. In the end, this paper made up theguiding measures for sci-tech financial development from the aspects of financial legislation,policies and financial credit environment.
Keywords/Search Tags:XPCC, sci-tech finance, process system
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