孵化器、风险投资与创业绩效关系的实证研究  

The Empirical Analysis of the Relationship of the Incubator,Venture Capital and New Venture Performance

作　　者：张根明[1] 李琳[1] 

机构地区：[1]中南大学商学院,湖南长沙410083

出　　处：《科技进步与对策》2010年第17期94-98,共5页Science & Technology Progress and Policy

基　　金：湖南省软科学研究计划项目(2008zk3142)

摘　　要：以136家初创企业为样本,对孵化器、风险投资、创业绩效关系模型进行实证分析发现:孵化器与风险投资支持在影响技术转化与创业绩效之间发挥着调节作用,孵化器支持更有利于那些能迅速将产品推向市场的初创企业;相反,风险投资支持更有利于那些拥有较高技术吸收整合能力或较大市场影响范围的初创企业。研究结果对于正确认识孵化器和风险投资对创业绩效的影响有重要的借鉴价值。The paper puts forward a relationship model ofincubator,venture capital and new venture performance.The data from 136 new ventures are used to test the model.The results of the regression analysis indicate that incubator and venture capital supports play the moderating roles in affecting the relationships between technology commercialization competence and new venture performance.Incubator support is more helpful to new ventures when they possess a higher degree of commercialization speed competence.On the contrary,new ventures would get a better improvement effect on the performance through the help of venture capitalist when they possess a higher degree of market scope competence and a higher degree of technology breadth competence.The conclusion will give us some meaningful lessons to the new venture performance.

关 键 词：技术转化能力 孵化器 风险投资 创业绩效 

分 类 号：F270[经济管理—企业管理]