风险投资对我国高科技产业发展的绩效研究——基于DEA方法的区域比较视角  

A Study of Performances of Venture Capital Contributing to China's Development of High-tech Industry: Cross-regional Comparisons through DEA

作　　者：戴淑庚[1] 曾维翰 

机构地区：[1]厦门大学金融系,福建厦门361005 [2]福建省对外经济贸易研究所,福建福州350003

出　　处：《厦门大学学报（哲学社会科学版）》2010年第6期43-50,共8页Journal of Xiamen University(A Bimonthly for Studies in Arts & Social Sciences)

基　　金：国家社会科学基金项目"海峡西岸和其他台商投资相对集中地区的经济发展"(06BJY005);福建省2006年软科学研究计划重大项目"台湾科技创新体制机制研究"(2006R0042)

摘　　要：风险投资促进高科技产业发展的过程是一个多输入和多输出的复杂系统。对这种复杂系统进行绩效研究,DEA方法有其独特的优势。立足于区域比较的视角,利用2003-2006年我国八大地区的面板数据,采用DEA方法可对我国各区风险投资对其高科技产业发展的绩效进行研究。研究结果显示,我国风险投资对高科技产业发展的综合技术效率、纯技术效率和规模效率总体上都呈上升趋势,但由于纯技术效率偏低导致我国风险投资对高科技产业发展的综合效率也偏低;各地区的绩效差异显著。因此,应当加快发展我国风险投资,特别要加速发展我国落后地区的风险投资;重视区域风险投资的协调发展;进一步完善我国风险投资的系统环境。The process of venture capital（VC） contributing to the development of high-tech industry（DHTI） is a complex one characterized by high input and high output.This paper argues that DEA has its unique advantages in studying such a complex process.A DEA-based study comparing eight regions on the basis of panel data released between 2003 and 2006 in those regions in China has been conducted in order to evaluate the performance of VC contributing to DHTI.Our results show that the overall technological efficiency,pure technological efficiency and scale efficiency of China＇s VC contributing to DHTI are on the increase as a whole,but that the overall efficiency of China＇s VC contributing to DHTI is low due to the low level of pure technological efficiency,and that there are significant differences across the eight regions in terms of performance.It is therefore suggested that VC be accelerated in China,especially in backward areas,that emphasis be placed on coordinated development across regions,and that the environment of VC be further improved.

关 键 词：风险投资 高科技产业发展 数据包络分析 

分 类 号：F062.9[经济管理—政治经济学]