Research On Profit Distribution Of Industrial Technology Innovation Alliances

In the December of2008,Ministry of Science and Technology and other fivedepartments jointly issued “the guidance of promoting to construct industrialtechnology innovation alliances”.After “the guidance” comes on stage, industrialtechnology innovation alliances in China develop rapidly,but most of alliances don’trun well,the reason for that is that the profit distribution of alliances is not enough fairand reasonable.Therefore, a scientific and reasonable profit distribution is veryimportant for the stable development of industrial technology innovation alliances.At first,the paper analyses the status on profit distribution of industrialtechnology innovation alliances;followed by the basic theory of profit distribution isintroduced,including the component of profit distribution,the influential factors ofprofit distribution, the principle of profit distribution. The influential factors of profitdistribution includes three factors: value of investment resources,contribution degreeand risk factor. In order to obtain the value of investment resources, not only takinginto account the cost of resources,but also taking the importance of resources intoconsideration. Based on the nature of industrial technology innovation alliances,contribution degree is mainly mesused by enterprise technical innovation ability,thenthe paper constructs the contribution degree index. Meanwhile,the part systematicallyand deeply studies the risk which the each partner of industrial technology innovationalliances takes,including market risk, technical risk, policy risk, intellectual propertyrisk and moral hazard.This part lays the groundwork for setting up the profitdistribution model.Then,the paper establishs the profit distribution model which is on the basis ofShapley value method.Based on Shapley value method,the appropriate improvementsare made.Shapley value method assumes that the gain of each partner and groups ofpartners is known,but,for industrial technology innovation alliances,we are oftenunable to know the gain,the paper presents a method to measure the gain of eachpartner or groups of partners in industrial technology innovation alliances,makingShapley value method more operable. After the Shapley value is calculated,then the input index as well as risk index is used to modify the Shapley value,so that the eachmember’s profit distribution proportion of industrial technology innovation alliancecan reflect each member’s contribution degree, investment proportion,the risk ittakes.At last,to ensure the effective implementation of profit distribution,the paperinduces profit distribution feedback mechanism, as a means to valuate the fair andrationality of the profit distribution,and incent the member of industrial technologyinnovation alliances to create more profit.