%0 Journal Article %T 基于学习的孵化器与创投协同知识创造资源共享研究<br>A Study of Resource Sharing Decisions in Collaborative Knowledge Creation with the Learning of Business Incubator and Venture Capital %A 吴文清 %A 张海红 %A 赵黎明< %A br> %A WU Wenqing %A ZHANG Haihong %A ZHAO Liming %J 管理学报 %D 2015 %X 摘要 将学习因素纳入科技企业孵化器与创投多阶段协同知识创造资源共享的微观机制,建立孵化器与创投多阶段重复主从博弈模型,研究学习因素、税收强度、财政返还、创投股权对维系孵化器与创投协同知识(信息)合作的作用,以及孵化器的最优参与度和双方总的最优投入。研究发现,当孵化器与创投进行知识(信息)协同创造后从创业项目获取收益的比例要高于创投时,孵化器参与到与创投的合作。在满足孵化器与创投合作的条件下,孵化器的最优参与度与政府税收强度和财政返还比例正相关,与创投在创业项目中所占股份负相关。孵化器和创投总的最优投入水平与税收强度、财政返还比例、初始学习因素正相关,与创投在项目中所占股份的比例、博弈阶段长度和市场利率负相关。<br>In this study, we put learning factors into the microscopic mechanism of business incubator and venture capital's resource sharing decisions in collaborative knowledge creation. After that, we set up a multi-stage and master-slave game model of business incubator and venture capital, then we analyze some factors such as learning factors, taxes strength, financial return and venture capital equity to investigate how to maintain business incubator and venture capital's collaborative knowledge cooperation (information). At the same time, the optimal participation of business incubator and the optimal total investment are analyzed. It is found that business incubator cooperates with venture capital under the condition that business incubator has a higher proportion of income than venture capital, which is obtained from the venture project after collaborative knowledge(information) creation. When the business incubator and venture capital meet the conditions for cooperation, the optimal investment participation of incubator is positively correlated with the strength of government tax and the proportion of financial return, and negatively correlated with the share of venture capital in the venture project. The total investment level of business incubator and venture capital is positively correlated with taxes strength, and the proportion of financial return and the initial learning factor is negatively correlated with the share of venture capital in the venture project, game stage length and market interest rates %K 科技企业孵化器 %K 创投 %K 知识协同创造 %K 重复博弈 %K 学习因素 %K 最优投入 %K < %K br> %K business incubator %K venture capital %K collaborative knowledge creation %K repeated games %K learning factor %K optimal investment %U http://manu68.magtech.com.cn/Jwk_glxb/CN/abstract/abstract10730.shtml