【摘要】：現(xiàn)代高新技術(shù)產(chǎn)業(yè)，，無(wú)論是研發(fā)過(guò)程還是產(chǎn)業(yè)化進(jìn)程，比以往任何時(shí)候都需要大規(guī)模金融資本的支持�？萍冀鹑谧鳛榭萍紕�(chuàng)新和金融的有機(jī)結(jié)合體，將當(dāng)今時(shí)代最活躍的兩個(gè)生產(chǎn)力因素——科技資源和金融資源，更迅速更深入地有機(jī)融合起來(lái)。在我國(guó)，高技術(shù)產(chǎn)業(yè)經(jīng)過(guò)多年的培育，產(chǎn)業(yè)運(yùn)行機(jī)制和產(chǎn)業(yè)結(jié)構(gòu)日趨完善，獲得長(zhǎng)足的發(fā)展。然而，廣大中小型科技企業(yè)仍存在著融資難，成長(zhǎng)受限等問(wèn)題，為使科技金融更好的、更有針對(duì)性發(fā)揮對(duì)高技術(shù)產(chǎn)業(yè)的助推作用，需要對(duì)科技金融助推高技術(shù)產(chǎn)業(yè)的運(yùn)行機(jī)制進(jìn)行分析和論證，并以我國(guó)科技金融促進(jìn)高技術(shù)產(chǎn)業(yè)發(fā)展的實(shí)際效果進(jìn)行分析。 高技術(shù)產(chǎn)業(yè)具有高風(fēng)險(xiǎn)性、高投入性及戰(zhàn)略性三大特點(diǎn)，高技術(shù)企業(yè)各個(gè)發(fā)展階段有著不同的風(fēng)險(xiǎn)特征和金融需求。在種子期的高技術(shù)企業(yè)需要科技金融發(fā)揮孵化作用，促進(jìn)優(yōu)質(zhì)科技項(xiàng)目的產(chǎn)業(yè)化和市場(chǎng)化，在起步期和成長(zhǎng)期等企業(yè)快速發(fā)展階段，需要各金融主體發(fā)揮有力的助推作用，在企業(yè)進(jìn)入成熟期，形成穩(wěn)定的產(chǎn)品市場(chǎng)時(shí)，需要科技金融對(duì)其新的產(chǎn)品開(kāi)發(fā)和市場(chǎng)滲透活動(dòng)提供保障。在高技術(shù)產(chǎn)業(yè)的發(fā)展中，科技金融對(duì)其資本形成機(jī)制、風(fēng)險(xiǎn)分散機(jī)制、信息公示機(jī)制及激勵(lì)約束機(jī)制的形成起到了促進(jìn)作用。 為了科技金融與高技術(shù)產(chǎn)業(yè)協(xié)同發(fā)展的相關(guān)性進(jìn)行有效測(cè)度，必須根據(jù)科技金融的內(nèi)涵和高技術(shù)產(chǎn)業(yè)的發(fā)展實(shí)際來(lái)構(gòu)建科學(xué)的指標(biāo)體系。本文選取具備代表性的科技金融指標(biāo)體系——公共科技金融與市場(chǎng)科技金融，并構(gòu)建財(cái)政科技支出、創(chuàng)業(yè)風(fēng)險(xiǎn)投資等四個(gè)二級(jí)指標(biāo)。從研發(fā)能力、成果轉(zhuǎn)化能力及產(chǎn)業(yè)化效果三個(gè)方面構(gòu)建了七個(gè)高技術(shù)產(chǎn)業(yè)二級(jí)指標(biāo)，從而架構(gòu)了由科技金融子系統(tǒng)和高技術(shù)產(chǎn)業(yè)子系統(tǒng)有機(jī)結(jié)合構(gòu)成的復(fù)合系統(tǒng)指標(biāo)體系。利用從2000年至2012年科技金融及高技術(shù)產(chǎn)業(yè)的相關(guān)數(shù)據(jù)，建立耦合協(xié)同模型，對(duì)科技金融發(fā)展與高技術(shù)產(chǎn)業(yè)發(fā)展的協(xié)同性進(jìn)行測(cè)度。在對(duì)模型運(yùn)行結(jié)果修正以后，得出結(jié)果：高技術(shù)產(chǎn)業(yè)和科技金融復(fù)合系統(tǒng)協(xié)同度在［0.45，0.70］區(qū)間變動(dòng)，高技術(shù)產(chǎn)業(yè)子系統(tǒng)和科技金融子系統(tǒng)處于的協(xié)同演進(jìn)狀態(tài)，而且整體協(xié)同度水平較高，為中高度耦合協(xié)同級(jí)別。為探求科技金融各因素對(duì)高技術(shù)產(chǎn)業(yè)的影響作用，建立了以高技術(shù)產(chǎn)業(yè)利稅為被解釋變量的多元回歸模型，各因素對(duì)高技術(shù)產(chǎn)業(yè)利稅的影響力度有大到小分別為政府財(cái)政支出、資本市場(chǎng)、創(chuàng)業(yè)風(fēng)險(xiǎn)投資和科技信貸。 適應(yīng)我國(guó)轉(zhuǎn)變經(jīng)濟(jì)發(fā)展模式的要求，應(yīng)從制度安排、完善服務(wù)體系等方面來(lái)逐步提升科技金融服務(wù)高技術(shù)產(chǎn)業(yè)的能力。首先要多途徑地完善科技信貸體系，具體策略包括大力發(fā)展科技小額貸款公司，設(shè)立專(zhuān)門(mén)為科技型企業(yè)服務(wù)的科技支行等；應(yīng)繼續(xù)推進(jìn)科技創(chuàng)業(yè)風(fēng)險(xiǎn)投資的發(fā)展，在資金投入階段、市場(chǎng)準(zhǔn)入、資本退出機(jī)制等方面進(jìn)行革新；其次，要繼續(xù)完善多層次的資本市場(chǎng)，以實(shí)現(xiàn)與高技術(shù)產(chǎn)業(yè)的對(duì)接；最后，健全公共服務(wù)平臺(tái)，完善科技金融體系，使之正好的促進(jìn)高技術(shù)產(chǎn)業(yè)的發(fā)展，并實(shí)現(xiàn)二者協(xié)同創(chuàng)新發(fā)展。
[Abstract]:The modern high-tech industry, whether the R & D process or the industrialization process, needs the support of large-scale financial capital at any time. As an organic combination of science and technology innovation and finance, science and technology finance combines the two most active productivity factors, science and technology resources and financial resources in the present era, and more rapidly and in-depth organic integration. In our country, the high-tech industry has achieved great development through the cultivation of many years, the industrial operation mechanism and the perfection of the industrial structure. However, the small and medium-sized science and technology enterprises still have the problems of financing difficulty and limited growth. In order to make the science and technology finance better and more targeted to the boost of the high-tech industry, it is necessary to analyze and demonstrate the operating mechanism of the technology and finance to boost the high-tech industry. The paper also analyses the actual effect of the development of high-tech industry in China's science and technology finance. The high-tech industry has the characteristics of high risk, high investment and strategic three-scale. The high-tech enterprises have different risk characteristics and financial needs at all stages of development The high-tech enterprises in the seed period need the development of science and technology finance to promote the industrialization and the market-oriented of high-quality scientific and technological projects. At the stage of the rapid development of the enterprises such as the start-up period and the long-term, it is necessary for the financial institutions to play a strong role in promoting the development of high-tech enterprises in the start-up period and the long-term. During the period of forming a stable product market, the technology finance is required to provide protection for its new product development and market penetration activities In the development of high-tech industry, science and technology finance has played a role in promoting the formation of its capital, the mechanism of risk dispersion, the mechanism of information publicity and the mechanism of incentive and restraint. In order to measure the correlation between science and technology finance and high-tech industry, it is necessary to build a scientific finger according to the connotation of science and technology finance and the development of high-tech industry. The paper selects the representative scientific and technological financial index system, the public science and technology finance and the market science and technology finance, and constructs four second, such as the financial science and technology expenditure, the venture capital investment, etc. The second-level index of seven high-tech industries has been built from three aspects of R & D, achievement transformation and industrialization, so as to construct a compound system composed of the organic combination of the science and technology financial subsystem and the high-tech industry sub-system. Using the relevant data from 2000 to 2012, the paper sets up a coupling cooperative model, and advances the cooperation between the development of science and technology finance and the development of high-tech industry. After the results of the model operation are corrected, the results show that the cooperation degree of the high-tech industry and the science and technology financial system is changed in the[0. 45, 0. 70] interval, the high-tech industry sub-system and the science and technology financial subsystem are in the cooperative evolution state, and the overall coordination water high level, for medium and high-level coupling In order to explore the influence of the various factors of science and technology on the high-tech industry, a multiple regression model based on the high-tech industry profit and tax as an explanatory variable is set up, and the influence of each factor on the high-tech industry profit and tax is big and small, which is the government's financial expenditure and the capital respectively. The market, venture capital and family To adapt to the requirements of our country's transformation of the mode of economic development, we should gradually improve the high technology of science and technology financial service from the aspects of the system arrangement and the perfect service system. The ability of the industry is to improve the science and technology credit system in many ways, including the development of the science and technology micro-loan company, the establishment of the science and technology branch specialized for the service of the science and technology enterprise, etc.; the development of the venture capital of the science and technology should be further promoted, and the investment stage Second, we should continue to improve the multi-level capital market, so as to realize the docking with the high-tech industry; and finally, perfect the public service platform, improve the scientific and technological financial system, and make it happen to the high-tech. the development of the industry and the realization of the two
【學(xué)位授予單位】：中國(guó)海洋大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類(lèi)號(hào)】：F276.44;F832.46

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