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Research On Comprehensive Risk Management And Technology Innovation Of High - Tech Enterprises

Posted on:2017-03-21Degree:DoctorType:Dissertation
Country:ChinaCandidate:A L YanFull Text:PDF
GTID:1109330488971724Subject:Business management
Abstract/Summary:PDF Full Text Request
High and new technology industry has become a new growth point of global economic development and high risk is an inherent property of high and new technology enterprises, which has been widespread concern of many scholars for a long time. Enterprise risk management is a hardly possible bypassed part of the operation and development of high and new technology enterprises. With the growing competition in the market, the fact which traditional risk management model has been unable to meet the requirements of high and new technology enterprises is driving high and new technology enterprises to adopt the enterprise risk management model.Enterprise risk management model can take all of the risks of high and new technology enterprises and the correlation between those risks into consideration, which largely makes up for the shortcomings of traditional risk management model. In terms of generalization, the role of enterprise risk management in high and new technology enterprises is shifting from the traditional defensive means to the modern strategic tool, which is both an environment variable and a knowledge input factor of technology innovation in high and new technology enterprises. The current research on the risk management of high and new technology enterprises is mainly from the perspective of traditional risk management, whereas the lack of the perspective of enterprise risk management. This paper will introduce the theory of enterprise risk management into high and new technology enterprises in order to try to explore and analyze the impact of enterprise risk management on the technology innovation of high and new technology enterprises. Based on this thoughtfulness, this study focuses on the fundamental problems of how enterprise risk management affect the technology innovation of high and new technology enterprises, viewing the financing of innovation as the connecting point starting junction point and regarding enterprise risk management as the factors of knowledge input in the technology innovation process of high and new technology enterprises, in-depth and systematically explores the relationship of enterprise risk management and technology innovation.The contents of this paper are divided into the following several parts:First, this paper reviews the knowledge-based theory of the firm and the theory of enterprise risk management and the theory of technology innovation and corporate financing theory, defining the connotation and extension of enterprise risk management and technology innovation of high and new technology enterprises. On this basis, this paper analyzes the current situation of high and new technology industry and enterprise risk management, thus revealing existing problems and laying the foundation for building the conceptual model about the relationship of enterprise risk management and technology innovation in high and new technology enterprises. Secondly, through the exploratory case studies and based on the related theories, the relational model is build which describes the relationship among enterprise risk management and the financing of innovation and technology innovation. The internal mechanism is analyzed thoroughly from the theory level which describes the relationship between enterprise risk management and technology innovation. On the basis of theoretical analysis the hypotheses are put forward. The third,160 high and new technology listed companies are collected as the research sample. The theoretical hypotheses about the relationship between enterprise risk management and technology innovation are tested through using hierarchical regression analysis by the implementation of statistical analysis software. Finally, the conclusion is reached according to the empirical results of this study and the lack of research on this paper is described and the prospect for future research is made.By constructing theoretical models and analyzing empirical data, this study comes to the following conclusions:First, in high and new technology listed companies of our country, enterprise risk management and its operational objectives and report objectives and compliance objectives all have direct positive impacts on the technology innovation of high and new technology enterprises. Secondly, the financing of innovation plays a mediating effect between enterprise risk management and technology innovation in high and new technology enterprises. The third, the proportion of state-owned shares plays a negative regulatory effect between enterprise risk management and technology innovation in high and new technology enterprises. Objectively speaking, these research findings are drawn based on the case description, the argument for mechanism and empirical analysis, which in a certain extent and scope reflects the logic chain of theoretical analysis and practical investigation in this paper; at the same time, these findings reveal the correlation between enterprise risk management and technology innovation, while sufficient conditions and foundation have been laid for further deeper exploration and research on the follow-up study of this research subject on the use of theory, model construction, mechanism description and empirical analysis.Just as the description of technology roadmap and structural arrangements, for the processing of variable elements setting and analysis path and analysis procedure arrangement in the correlation research between enterprise risk management and technology innovation in high and new technology enterprises, this paper may have some logic discontinuities or the omissions of theory which are not fully consistent with the actual condition, especially in the research on China’s problems, which needs to be amended and made up in the later research.
Keywords/Search Tags:enterprise risk management, high and new technology enterprises, technology innovation, the financing of innovation, knowledge-based theory of the firm
PDF Full Text Request
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