“刚”“柔”并济的新型技术创新风控模式的构建——基于中科金财的探索性案例研究  

Construction of a New Technological Innovation Risk Control Model Integrating “Rigidity” and “Flexibility”: Exploratory Case Study Based on Sinodata

作　　者：吕晨 王健 李莉[2] 李芬芳 潘辉 LüChen;WANG Jian;LI Li;LI Fen-fang;PAN Hui(School of Economics and Management,Tianjin Chengjian University,Tianjin 300384,China;School of Business,Nankai University,Tianjin 300071,China)

机构地区：[1]天津城建大学经济与管理学院,天津300384 [2]南开大学商学院,天津300071

出　　处：《管理案例研究与评论》2024年第2期173-187,共15页Journal of Management Case Studies

基　　金：国家自然科学基金项目“知识产权保护、投资机会与高科技企业的创新投资——基于差异性高管特质的视角”(71672087)。

摘　　要：快速变化的环境加剧了科技型企业的技术创新风险,企业需要构建兼具快变“弹性”和管控“刚性”的新型技术创新风控模式。将不完全契约理论嵌入传统风控理论,通过对中科金财独特的风控模式展开情境化研究,解锁了科技型企业构建“刚”“柔”并济风控模式的过程。具体而言,首先,企业应下沉风控单元,形成“虚拟小微企业”,加快反应速度,获取风控“弹性”,同时通过业绩认证保持必要的财务“刚性”;其次,构建“多层联盟”的风控结构,一方面通过动态调整增加结构“弹性”,另一方面则通过新规则稳固内部关系,既保证管控“刚性”,又实现对创新失败的容错“弹性”;最后,构建了“虚拟小微企业+多层联盟”的新型技术创新风控模式。基于技术创新的本质特征发展了风控理论,同时对不完全契约理论做出了一定的贡献。Rapid changing environment intensifies the risk of technological innovation in technology-based enterprises. Enterprises need to build a brand new risk control model of technological innovation, which combines “flexibility” to rapid changing environment and “rigidity” of management and control. In this paper, incomplete contract theory is embedded into traditional risk control theory. Through the situational research on the unique risk control model of Sinodata, detailed process of building a “rigid” and “flexible” risk control model is unlocked. Specifically, enterprises should first sink the risk control unit to form a “virtual small and micro enterprise”, so as to speed up the response to environmental changes, obtain the “flexibility” of risk control, and maintain the necessary financial “rigidity” through performance certification. After that, enterprise should reengineer the risk control structure into “multi-level alliance”: On the one hand, it increases structural “flexibility” through dynamic adjustment;on the other hand, it embeds new rules to stabilize the internal relationship, which not only ensures the “rigidity” of management and control, but also achieves the fault-tolerant “flexibility” for innovation failure. Finally, this paper constructs a new technology innovation risk control model, namely “virtual small and micro enterprises + multi-level alliance” model. This paper not only extends risk control theory based on essential characteristics of technological innovation, but also contributes to the incomplete contract theory.

关 键 词：技术创新 风控模式 不完全契约理论 容错信号 

分 类 号：F270[经济管理—企业管理]