Research On Risk Sharing Mechanism Of Science And Technology Finance

The main driving force of the modern economy is undoubtedly hi-tech enterprises,and the core of the economy is finance.The effective combination of the two has given birth to science and technology finance.High-tech companies are often faced with higher risks to innovate.Although the national policy actively encourages innovation and entrepreneurship,the huge risk cost makes the innovation enthusiasm of technology companies gradually cooled.In order to ensure the swift momentum of science and technology companies,the research on the risk sharing mechanism of science and technology finance is imperative.Science and technology finance is one of the core components of the financial system.The important function of the financial system is to share risks.Therefore,the position of technology finance in the risk sharing mechanism is particularly important.The main contents of this study include: First,through the study of domestic and international science and technology finance and its risk sharing theory,define the connotation of science and technology finance,analyze the source of risk for science and technology companies,and reveal the intrinsic link between scientific and technological financial risks and technology.The establishment of a financial risk sharing mechanism reinforces the theoretical basis.Second,it introduces the development status of the Lanzhou-Baiyin Science and Technology Innovation Reform pilot area,outlines the preliminary exploration and achievement of the S&T financial risk sharing mechanism,and summarizes and proposes existing problems;Based on the status quo of the Lanzhou-Baiyin Experimental Area,a multi-party cooperative risk sharing model was established to seek the nodes for maximizing the utility of all parties.The actual problems in the Lanzhou-Baiyin Experimental Area were combined with the model to analyze the causes of the problems,and the theory was provided to improve the scientific and technological risk sharing mechanism in the Lanzhou-Baiyin Experimental Area.Fourth,based on the problems existing in the Lanzhou-Baiyin Experimental Area and the theoretical model constructed,based on the perspective of risksharing participants,it proposes countermeasures and suggestions for improving the construction of the scientific and technological financial risk sharing mechanism in the Lanzhou-Baiyin Experimental Area.This paper starts with the problems in the Lanzhou-Baiyin Experimental Area,constructs theoretical models,analyzes the causes of the problems,and proposes measures for improving the risk sharing mechanism.The following conclusions are drawn: First,the governmentoriented technology-finance risk sharing mechanism is to help finance.The key to market-oriented operation of the system;Second,in order to solve practical problems,establish a multi-technology investment mechanism and credit multi-layer guarantee system,we must follow the principle that the ratio of risks shared by all parties and the proportion of revenue obtained must match,and mobilize participants.Enthusiasm to improve the technology financial risk sharing mechanism.