Research On The Effect Of Science And Technology Insurance On Innovation Performance Of High-Tech Enterprises

The Outline of the National Medium and Long-Term Scientific and Technological Development Plan(2006-2020)and the State Council's Opinions on the Reform and Development of the Insurance Industry clearly point out that the role of financial innovation in technological innovation will be promoted,the development of science and technology insurance will be accelerated,and the technological risk of high-tech enterprises will be transferred by being given risk protection.China implements an innovation-driven development strategy,promotes scientific and technological innovation activities in all directions,adheres to the main body of innovation of high-tech enterprises,and promotes the contribution of technological innovation to the development of the national economy.Based on this,taking the science and technology insurance and high-tech enterprise innovation performance as the research object,the thesis tries to reveal the connotation and characteristics of the technological risk,the science and technology insurance and the high-tech enterprise innovation performance.Then,the relevant research hypotheses are proposed based on theoretical research.And,conceptual model of the impact of the science and technology insurance on the high-tech enterprise innovation performance is constructed.What's more,the structural equation method is applied to verify the validity of the model and related assumptions.Firstly,the thesis conducts basic theoretical research to summarize the key influencing factors of high-tech enterprise innovation performance.Based on related theories,it is concluded that technological insurance,product innovation,and service improvement are the key factors.Among them,the science and technology insurance is divided into four dimensions: personal insurance,property insurance,liability insurance,and credit guarantee insurance.In addition,the intermediary functions of product innovation and service promotion between them is clarified,and the impact of different technology insurance products on the innovation performance of high-tech enterprises is discussed.Secondly,the research models and assumptions are proposed,combining the behavioral analysis of each subject in the operation of science and technology insurance in China,a conceptual model of the impact of science and technology insurance on the innovation performance of high-tech enterprises is constructed.Measurement variables are measured from different aspects,research hypotheses are proposed for the direct and indirect effects of various factors to prepare for empirical research.Finally,an empirical analysis is carried out.Descriptive analysis,reliability analysis,and correlation analysis are performed on the collected data to ensure the scientific validity.Then,the confirmatory analysis of second-order factor and first-order factor structural equations are carried out,including hypothesis testing and mediating effect test.Thus,revising the model according to the test results,the relationships between them are explored,the important factors for improvement are clarified,and more objective and effective indicators to evaluate the high-tech enterprise innovation performance are provided.The empirical results show that the rankings of the factors affecting the innovation performance of high-tech enterprises by technology insurance are follows: property insurance,personal insurance,product innovation,service promotion,liability insurance,and credit guarantee insurance.Therefore,it provides targeted and effective recommendations for science and technology insurance to enhance the innovation performance of high-tech enterprises.The two main innovations of this paper are as follows:(1)It verifies the mediating effect of the two variables of product innovation and service improvement in the process of technology insurance's positive impact on the innovation performance of high-tech enterprises.(2)Construct a conceptual model of the influencing factors of high-tech enterprise innovation performance by technology insurance.