孵化器跟风险投资融合：动机、行为跟绩效的关系资料.docVIP

孵化器与风险投资融合：动机、行为与绩效的关系本文系科技部火炬中心重点调研课题、中 本文系科技部火炬中心重点调研课题、中国博士后科学基金资助项目（编号：20070410809）的研究成果之一。 作者简介：钟卫东（1970-4），男，汉族，江西瑞金人，博士。电子邮箱： HYPERLINK mailto:zwd_cumt@163.com zwd_cumt@163.com 孙大海，男，汉族，湖北襄樊人，博士。厦门高新区管委会副主任，厦门大学科技企业孵化器研究中心教授。 钟卫东1，2 孙大海2 刘爱萍3 （1、厦门大学工商管理博士后科研流动站，厦门，361005；2、厦门高新技术创业中心博士后工作站，厦门，361009；3、科技部火炬高技术产业开发中心，北京，100045） [摘要] 孵化器与风险投资融合是促进科技型初创企业获取外部资源的一个重要手段。本文对我国孵化器与风险投资融合的动机、融合关系的紧密程度与孵化器运行绩效的关系进行了实证研究，并对孵化器的单位性质在其中的作用进行了分析。结果显示，孵化器为了自身发展而与风险投资融合的内在动机对两者融合的紧密程度具有正向影响，也对孵化器的运行绩效具有显著的正向影响；孵化器与风险投资融合关系的紧密程度对孵化器为在孵企业引入外部资源具有显著的正向影响；尽管目前事业单位性质的孵化器仍然在获取外部资源上占有优势，但孵化器单位性质对孵化器运行绩效的总体影响并不显著。 [关键词] 孵化器 风险投资 融合动机 融合关系 单位性质 Motivation, Behavior and Performance of Cooperation between Business Incubator and Venture Capital ZHONG Wei-dong1，2 ，SUN Da-hai2， LIU Ai-ping3 1. Postdoctoral Research Mobile Station in Business Administration，Xiamen University，Xiamen，361005；2、Postdoctoral Workstation，Xiamen Country Hi-Tech Innovation Centre，Xiamen，361009；3、TORCH High Technology Industry Development Center，Beijing，100045 Abstract: It is an important method for new High-Technology enterprises to obtain external resources that combining business incubator with venture capital. Empirical study on cooperation motivation between business incubator and venture capital, relation between cooperation degree and performance of business incubator are depicted, and the effect of unit character of different business incubator on those is analyzed. It is showed that internal motivation for development to cooperate with venture capital takes positive effect on the cooperation degree of business incubator and venture capital and on performance of business incubator, cooperation degree of business incubator and venture capital takes positive effect on introducing external resources of business incubator for Tenant Companies. Although now business incubators of institutional units have advantage to obtain external resources, the character of institutional units takes few effect on performan