Joint Investment Strategy of New R&D Institutions and Social Capital Under the Background of Scientific and Technological Self-Reliance:Theoretical Analysis Based on Dynamic Game Model
Joint Investment Strategy of New R&D Institutions and Social Capital Under the Background of Scientific and Technological Self-Reliance:Theoretical Analysis Based on Dynamic Game Model
How to jointly invest in innovative and entrepreneurial enterprises by new R&D institutions with social capital is not only an important issue to be discussed in optimizing resource allocation and sustainable development of new R&D institutions,but also of great significance to enabling the role of new quality productivity and realizing the self-reliant development of high-level science and technology.In the actual operation of venture capital,joint investment is a very common and important strategy choice behavior.By constructing an evolutionary game model of bilateral investment strategy behavior between new R&D institutions and social capital,MATLAB is used to simulate bilateral investment strategy selection,and the optimal adjustment method of joint investment probability under different parameters is analyzed.The research shows that:first,the mitigation of capital gap,risk avoidance and resource complementarity are the internal motivations for the joint investment of new R&D institutions and social capital.Second,the evolutionary game system of joint investment between new R&D institutions and social capital has a complex path dependence,and its evolutionary stability depends on the initial state of strategy selection and key parameter adjustment mechanism of both players.Third,by controlling the investment project's cooperation income,cooperation cost,risk coefficient,default coefficient,government subsidies and other factors,it can have a strong influence on the behavior selection of the system subject strategy.Further,the paper further puts forward practical and effective suggestions to promote joint investment:institutions should have a good ability to choose investment strategies,improve the relevant system and mechanism,attach importance to the selection of heterogeneous partners,and adopt appropriate fiscal and tax incentive policies,and provides reference for resource allocation and risk management decision-making of new R&D institutions.
关键词
新型研发机构/社会资本/科技自立自强/新质生产力/科技成果转化/辛迪加/演化博弈
Key words
new quality productivity/transformation of scientific and technological achievements/syndicate/evolutionary game
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