统计与数据科学学院知识库

  科技金融为致力于研发创新、提高知识产权运用率、推动科研成果产业化的创新主体提供配套金融产品、服务与政策支持，并且是我国提高区域技术创新水平、推动科技研究成果转化、加快高新产业发展步伐的新经济范式。此外，随着国内创新驱动战略的实施，技术转移逐渐成为促进我国技术转化的主要方式，在科学技术和经济生产的融合中发挥着重要作用。但我国科技金融体系尚不成熟，科技金融资源流动缺乏原动力，配置效率低，还需进一步发展，并且我国研发投入水平低，技术转移发展较为落后，存在科研成果与产业发展脱节、科技与经济不同步的问题。因此，有必要以研发投入为视角研究科技金融投入对技术转移的作用机理，以发挥科技金融的特有功能，进而加快不同地区之间的技术转移、推动技术市场发展、提高区域创新能力、促进地区经济高质量发展。

  本文首先进行理论研究，分析了科技金融投入影响研发投入、技术转移的作用机理以及研发投入影响技术转移的作用机理。然后展开实证分析，一方面，利用中介效应模型对科技金融投入在技术转移过程中的作用进行了研究，并检验研发投入在其中是否起到中介效应。另一方面，构建面板门槛模型并将研发投入视作门槛变量，剖析科技金融投入在技术转移过程中的作用和意义。最后根据实证结果，为我国大力发展科技金融、加大研发投入力度与加速技术在地区间转移提出有效对策。

  借助中介效应模型研究发现：科技金融投入对技术转移具有显著的正向影响，并且研发投入在其中起到部分中介效应。对技术转移分阶段进行分析，科技金融投入对不同阶段的技术转移具有不同作用且研发投入在该过程中具有不同的中介效应。科技金融投入对技术转移第一阶段以及第二阶段即新技术研发阶段和新技术在商业上的首次实现阶段具有显著的促进作用，且研发投入在过程中分别起到完全中介效应与部分中介效应；在技术转移第三阶段即新成果外溢阶段，科技金融投入阻碍了技术转移发展，且研发投入在其中起到遮掩效应。

  借助面板门槛模型研究发现：以研发投入为门槛变量，在不同的研发投入水平下，科技金融投入对技术转移过程具有不同的作用。此外，通过分阶段地研究技术转移过程，得出科技金融投入在技术转移过程的不同阶段具有不同的非线性作用。在技术转移第一阶段即新技术研发阶段，科技金融投入存在着门槛作用；而在第二阶段和第三阶段即新技术在商业上的首次实现阶段和新技术成果外溢阶段，此时科技金融投入不表现出门槛作用。

  针对研究结果，本文认为我国应对科技金融予以重视并加大研发投入力度，加速技术在地区间转移，鼓励高校、企业、科研院所等创新主体扩大研发投入，充分发挥科技金融投入对技术转移的促进作用。此外要重视对不同阶段的技术转移发展过程中科技金融投入与研发投入的作用，并针对不同阶段技术转移采取不同的激励措施。

  Science and technology finance is committed to providing supporting financial products, services and policy support for innovation entities that innovate in research and development, improve the utilization rate of intellectual property rights, and promote the industrialization of scientific research results. A new economic paradigm for the pace of development. In addition, with the implementation of the domestic innovation-driven strategy, technology transfer has gradually become the main way to promote technology transformation in my country, and plays an important role in the integration of science and technology and economic production. However, my country's technological finance system is still immature, the flow of technological finance resources lacks the driving force, and the allocation efficiency is low, and further development is needed. In addition, the level of R&D investment in my country is low, and the level of technology transfer development is also low. Therefore, it is necessary to study the mechanism of technology finance investment on technology transfer from the perspective of R&D investment, so as to play the unique function of technology finance, and then accelerate technology transfer between different regions, promote technology market development, improve regional innovation capabilities, and promote regional innovation. High-quality economic development.

  This paper first conducts theoretical research, and analyzes the mechanism of scientific and technological financial investment on R&D investment and technology transfer, as well as the mechanism of R&D investment on technology transfer. Secondly, carry out empirical analysis, use the mediation effect model to discuss the role and significance of technology finance investment in the process of technology transfer, and test whether R&D investment plays a mediating effect in it; then build a panel threshold model, and regard R&D investment as a threshold variable , analyzes the role and significance of technological financial investment in the process of technology transfer. Finally, based on the empirical results, this paper puts forward effective countermeasures for my country to vigorously develop science and technology finance, increase R&D investment and accelerate the transfer of technology between regions.

  With the help of the mediation effect model, it is found that the financial investment in science and technology has a significant positive impact on technology transfer, and R&D investment plays a part of the mediating effect. By analyzing the technology transfer in stages, the financial investment in science and technology has different effects on the technology transfer in different stages, and the R&D investment has different mediating effects in the process. Technological financial investment has a significant role in promoting the first and second stages of technology transfer, that is, new technology research and development and the first commercial realization of new technologies, and research and development investment plays a complete and partial mediation effect in the process. ; In the third stage of technology transfer, that is, the spillover stage of new achievements, investment in technology finance hinders the development of technology transfer, and R&D investment plays a masking effect in it.

  With the help of panel threshold model research, it is found that with R&D investment as the threshold variable, under different R&D investment levels, technology finance investment has different effects on the technology transfer process. In addition, by studying the technology transfer process in stages, it is concluded that the financial investment in technology has different nonlinear effects in different stages of the technology transfer process. In the first stage of technology transfer, that is, the new technology research and development stage, there is a threshold for investment in technology finance; while in the second and third stages, the first commercial realization stage of new technology and the spillover stage of new technology achievements, at this time, technology finance Inputs do not act as a threshold.

  In view of the research results, this paper believes that my country should pay attention to science and technology finance and increase R&D investment, accelerate the transfer of technology between regions, encourage universities, enterprises, scientific research institutes and other innovative entities to expand R&D investment, and give full play to the role of technology finance investment in technology transfer. enhancement. In addition, it is necessary to pay attention to the role of technology finance investment and R&D investment in the development process of technology transfer at different stages, and adopt different incentive measures for technology transfer at different stages.