本文選題：創(chuàng)業(yè)板上市公司 + 持續(xù)創(chuàng)新能力��； 參考：《天津商業(yè)大學》2013年碩士論文

【摘要】：從1999年證監(jiān)會答復可以考慮設立創(chuàng)業(yè)板市場到2009年10月23日首批28家公司上市,創(chuàng)業(yè)板市場的啟動經(jīng)歷了十年的風雨。創(chuàng)業(yè)板市場的啟動對我國中小企業(yè)發(fā)展和資本市場完善都是一個福音。一直以來，我國經(jīng)濟體制具有特殊性和半市場性，一方面一些大型的國企在市場中占據(jù)著壟斷地位，并且享受著國家的資金支持。而另外一方面，數(shù)量眾多為我國國民經(jīng)濟做著巨大貢獻的中小企業(yè)卻會經(jīng)常面臨著資金匱乏的問題。中小企業(yè)的發(fā)展和投資都需要資金的支持，但是現(xiàn)狀是中小企業(yè)不能在資金上受到政府的支撐，同時，由于中小企業(yè)風險大，銀行貸款都存在一定的限額。一旦資金出現(xiàn)問題而不能及時解決，中小企業(yè)將會面臨著破產(chǎn)的風險，這樣將會帶來國民經(jīng)濟的損失和一部分工人的失業(yè)。 創(chuàng)業(yè)板市場的產(chǎn)生為具有高成長前景的中小企業(yè)提供一個融資平臺，可以解決一部分中小企業(yè)融資難的問題，企業(yè)受益獲得資金支持而持續(xù)發(fā)展。企業(yè)的發(fā)展將帶動創(chuàng)業(yè)板的發(fā)展，創(chuàng)業(yè)板市場的投資者也會獲得投資收益，從而形成創(chuàng)業(yè)板市場發(fā)展的良性循環(huán)。一個健全的創(chuàng)業(yè)板市場應該培育出一批具有創(chuàng)新性的企業(yè)，就像納斯達克市場上培育出微軟和谷歌，中國的創(chuàng)業(yè)板市場也應該朝著納斯達克市場的方向發(fā)展。到目前為止，中國的創(chuàng)業(yè)板已經(jīng)成立三年半的時間，在我國特殊的國情下，創(chuàng)業(yè)板市場出現(xiàn)一系列的亂像，企業(yè)剛剛上市，，公司的高管卻掀起了辭職潮，一個個為了套現(xiàn)進行重組的準備。創(chuàng)業(yè)板市場超幕大量資金，卻無處可用，企業(yè)存在著把超幕資金存入銀行和投資房地產(chǎn)的現(xiàn)象，造成了資源嚴重的浪費，違背了創(chuàng)業(yè)板市場的初衷。 透過重重亂像，本文筆者認為創(chuàng)業(yè)板上市公司的核心競爭力和成長力在于其持續(xù)創(chuàng)新能力，只有持續(xù)創(chuàng)新能力才是企業(yè)發(fā)展的源源不斷的動力。因此本文對創(chuàng)業(yè)板上市公司持續(xù)創(chuàng)新能力進行研究。為了更好的獲得研究結論，本文筆者以創(chuàng)業(yè)板和持續(xù)創(chuàng)新能力兩個方面作為主線進行研究。文章首先對這兩條主線進行理論研究和文獻綜述，在此基礎利用因子分析法進行實證研究，然后利用相關分析對因子得分模型進行驗證。最后筆者闡述本文的建議結論以及文章的局限性。
[Abstract]:From 1999 CSRC reply can consider setting up gem market to the first batch of 28 companies listed on October 23, 2009, the gem market has experienced ten years of wind and rain. The start of gem market is a good news for the development of small and medium enterprises and the perfection of capital market. China's economic system has always been special and semi-market, on the one hand, some large state-owned enterprises occupy a monopoly position in the market, and enjoy the state's financial support. On the other hand, the large number of small and medium-sized enterprises that have made great contributions to our national economy will often face the problem of lack of funds. The development and investment of small and medium-sized enterprises need capital support, but the present situation is that small and medium-sized enterprises can not be supported by the government on the funds, at the same time, due to the risk of small and medium-sized enterprises, there are certain limits on bank loans. Once the fund problem can not be solved in time, the small and medium-sized enterprises will face the risk of bankruptcy, which will bring the loss of national economy and the unemployment of some workers. The emergence of the gem market provides a financing platform for SMEs with high growth prospects, which can solve the financing difficulties of some SMEs, and the enterprises benefit from the financial support and continue to develop. The development of enterprises will drive the development of the gem, and the investors of the gem market will also get the investment income, thus forming the virtuous circle of the growth enterprise market development. A healthy gem market should foster a number of innovative enterprises, just like Microsoft and Google in the NASDAQ market, and the gem market in China should also develop in the direction of NASDAQ market. Up to now, the gem in China has been established for three and a half years. Under the special conditions of our country, a series of chaotic phenomena have appeared in the gem market. The companies have just listed on the stock market, but the company executives have started a wave of resignation. One by one to cash in preparation for reorganization. There are a lot of funds in the gem market, but there is no place to use them. The phenomenon of depositing the excess funds in banks and investing in real estate has caused a serious waste of resources and violated the original intention of the gem market. Through all kinds of chaos, the author thinks that the core competitiveness and growth ability of gem listed companies lie in their ability of continuous innovation, and only the ability of sustained innovation is the constant driving force of the development of enterprises. Therefore, this paper studies the sustainable innovation ability of gem listed companies. In order to get a better conclusion, the author takes the gem and the ability of continuous innovation as the main line. In this paper, the theoretical research and literature review of the two main lines are first carried out, and then the factor score model is verified by correlation analysis. Finally, the author expounds the conclusions and limitations of the article.
【學位授予單位】：天津商業(yè)大學
【學位級別】：碩士
【學位授予年份】：2013
【分類號】：F275;F273.1;F276.6

【引證文獻】

相關碩士學位論文 前1條

1 李欣雨;成長性視角下融資結構對創(chuàng)新能力的影響[D];上海師范大學;2015年

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