Research On The Technology Innovation Capability Of Small And Medium Sized Enterprises In The Context Of Financing Constraints

Under the background of increasingly fierce competition in domestic and foreign,the enterprise can only obtain the competitive advantage through continuous technological innovation.There is a large number of small and medium-sized enterprise in our country,which is different from the state-owned large-scale enterprise,for whom it's smaller scale and the weak political connection lead to it's lack of resource.In order to give full play to the SMEs which organization is flexible,dare to adventure,active thinking,SMEs need to seek the help of other enterprises to obtain the knowledge needed for innovation.Taking the 162 of the SMEs in Jiangsu Province as a sample,we use the questionnaire date to analyze the influence of knowledge chain to the technology innovation ability of SMEs.Firstly,start from the view of resource constraint,the paper analyze the bottlenecks SMEs may encounter in their technology research.Then the paper shows the mechanism of knowledge chain to enhance enterprise's technology innovation ability from the aspect of the economies of speed and the scale.Next,the paper analyzes the differences in the improvement of the technological innovation ability under the three kinds of resource acquisition by the relationship strength theory.At last,the paper discuss how the cooperation willingness and absorption ability may affect the former improvement effect.The research results show that:(1)the technological innovation capability of SMEs in Jiangsu Province under the knowledge chain situation was significantly higher than that without the knowledgechain situation;(2)knowledge chain segments research is under different results: the SMEs based on the relationship between a parent company and a subsidiary company show the most significant improvement in technological innovation capability,followed by enterprises based on the supply chain relationship,the SMEs which it's relationship based on the commodity transaction are improved the less;(3)SMEs based on the relationship between a parent company and a subsidiary company,the resource input ability and the management of technological innovation ability are strong;the SMEs based on relationships among supply chain enterprises show the advantage in the management of technical innovation ability and development ability;(4)the absorption ability and cooperation willingness can significantly improve the knowledge transfer efficiency and has a significant role in promoting technological innovation capability.This promoting effect is mainly reflected in innovation resources input capacity improvement and technology innovation management capability improvement.