The Study On R & D Risk And The Risk Aversion Measure Of High-tech SMEs

With the further acceleration of global technological development, technology innovation has become the primary means to create core competitiveness of enterprises. High-tech SMEs with market-oriented, flexible, and fast product update features has became a main high-tech industries. However, High-tech SMEs hasn't the advantages of scale economies and abundent fund, its weaker strength and competitive market determines they must constantly innovate, then translate into practical productive forces timely, in order to maintain its survival and development. so the "fast,new,accurate" feature determine that high-tech SMEs is the coexistence activities of risk and return, especially the initial stages of technology innovation-—R & D stage.The uncertainties of the external environment, the difficulty and complexity of R & D projects and the limited nature of corporate power, lead to R & D extension,suspension,failure or miss the desired technical economic targets, restricted the science and technology innovation of SMEs greatly, impediments to the smooth R & D activities. So for tech SMEs, whatever is from the view of their in or out of enterprise, it's the important current issues for high-tech SMEs to identify and assess risk, control,reduce risk and spread risk using the appropriate preventive measuresthe, try to achieve the high-tech SMEs successful development in the maximum extent possible, meanwhile access to the market value of returns, in connection with the risk in the process of R&D. At present, the intermediary organizations to provide appropriate services for the disadvantages for the SME play an important role to promot R & D activities of high-tech SMEs.This thesis mainly used to regulate the research, combined with the research methods of analysis of field, focusing on analysis and assessment of risks in high-tech SMEs R & D process, propose avoidment way, and take measures from the external and internal to avoid risk, constructed risk aversion measures system for R & D risk of high-tech SMEs. The main contents:firstly, difine high-tech SMEs second, analyze and assess risks in high-tech SMEs R & D process, againsting the main risk suggest the measures that how to avoid risk by making a business of its own and with external forces, in order to provide some theoretical risk aversion value to avoid measures in R & D activities; last, in regard to the risk of Qingdao high-tech SMEs in R & D process, according to the external and internal environment within enterprises of Qingdao, raise the measures, particularly analyzed Qingdao high-tech SMEs which propose the comprehensive chain services of productivity center.Innovation of this thesis:1,Difine high-tech SEMs; 2,From the three point of business, government, intermediaries, construct the risk aversion system of SMEs; 3,Construct the High-tech services industry chain of the Qingdao SMEs.