Analysis Of Technology And Finance Policies' Effects Of High-tech Industry

The combination of technology and finance is the basis of science and technology innovation, R&D results industrialization and sustainable development of high-tech industry. In recent years, the government formulates technology and financial policies,gives policy tilts. All kinds of financial and non-financial institutions cooperate actively,improve their business processes, innovative service mode, and to some extent, these have ease the financing needs of technology companies. But in a wider range, there are still so many technology companies facing the financing development problems. In order to provide a reference for the government to formulate more effective technology and financial policies, this paper chooses a set of statistical indicators to construct the evaluation model of the technology and financial policies' effect in Guangdong province objectively.Firstly, the paper focus on the role of technology and financial policies and the factors that affect the efficiency of technology and financial policies. In this paper, technology and financial policies effect on high-tech industry development by influenting enterprises innovation efficiency. Then, we concludes the factors that affect the efficiency of technology and financial policies, including the macroeconomic environment, microscopic main characteristics, policy design, executive power of policy implementation and the policy effect evaluation mechanism.Secondly, this paper chooses the analytic hierarchy process to evaluate the effect of technology and financial policies in Guangdong province according to the characteristics of technology and financial, through reading literatures, reference to other policy effectiveness evaluation methods. This paper scientifically screening evaluation indexes, consider representation, operation and quantification, choose the indexes that is similar in meaning and can be substituted for each other, then determine the evaluation indexes to reflect Guangdong technology and financial policies' effect. On the basis of the index system which has been built up, we use the Z-SCORE method to deal with the raw data of the index. Then we use the AHP method based on expert score to determine the weights of indicators of technology and financial policies and build the evaluation model of the technology and financial policies' effect. We analyze the Guangdong technology and financial policies' effect between 2004 and 2013 quantitatively. The empirical results reflect that the development level of technology and finance from 2004 to 2013 inGuangdong is rising. Among them, the financial environment and technology investment is affected by macroeconomic fluctuations while the output of science and technology has always been to maintain steady growth.Finally, in order to reflect the actual situation of Guangdong technology and financial policies, we conduct field research and understand the main policy measures,implementation status and deficiency of Guangdong technology and financial policies, and try to put forward suggestions to improve the technology and financial policies, such as strengthen policy support and stability to R&D development, enhance policy operability,build communication bridge between enterprises and other organizations, build communication mechanism between government and enterprises, guide the rational development of folk finance, improve technological security and give full play to the role of other financial services system, integrate provincial key platform.