Research on Government-bank-enterprise Risk Sharing to Support Enterprise Scientific and Technological Innovation:A Case Study of the Comprehensive Risk Pool in Kunshan City,Jiangsu Province
Research on Government-bank-enterprise Risk Sharing to Support Enterprise Scientific and Technological Innovation:A Case Study of the Comprehensive Risk Pool in Kunshan City,Jiangsu Province
Based on the interviews with 46 target enterprises in the comprehensive risk pool of Kunshan City,Jiangsu Province,this paper analyzes the effectiveness and mechanism of the risk sharing mechanism to support the scientific and technological innovation activities of enterprises,and draws the following conclusions:First,the risk sharing mechanism has a positive effect on alleviating the financing constraints of enterprises and improving the quality and efficiency of bank-enterprise docking.Second,the risk-sharing mechanism can improve the stability of enterprises'cross-cycle R&D investment,and thereby improve the efficiency of the transformation of scientific and technological achievements.Third,as an innovation of the risk-shar-ing mechanism,the integrated risk pool can play a more positive role in the event of exogenous shocks and macroeconomic downturns.The findings of this paper provide a practical reference for further improving the cross-cyclical and stability of the risk sharing mechanism,and also provide empirical evidence for its support for enterprise scientific and technological innovation.
关键词
风险共担/科技创新/政策性担保/中小企业融资/综合风险池
Key words
Risk sharing/Scientific and technological innovation/Policy guarantees/Financing of small and me-dium-sized enterprises/Comprehensive risk pool
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