Small And Medium-sized High-tech Enterprises Of Risk Aversion Research

In recent years, High-tech small and medium-sized enterprises(High-tech SMEs) start quietly and expand rapidly. More and Bore small and medium-sized enterprise which have the ability of independent innovation and high expanding and high tech emerges in our country. These high-tech SMEs contirbute to our country's science and technology and the economic development, becoming the important factor on the technology advancement and innovation, playing the vital unreplaceable role in national economy's swift growth and jobs for laborer.Along with the development of science and technology, the market competition ,the fast chage of the market environment, the risk of high-tech SMEs face have been attentioned day by day. This paper takes the risk aversion of high-tech SMEs for the Research emphases, aiming at the growth characteristics and the foreseeable risks of high-tech SMEs. It elaborates the enterprise risk management theory, discusses the present situation, analyzes the risk on various stages of life cycle, and proposes the countermeasure on risk aversion.The paper first carries on the concept definition of the high-tech SMEs, and studies the risk aversion theory, including risk theory and the enterprise life cycle theory. It has made the theory upholstery for the following several chapter. Next, it has conducted the research on present situation, mainly including the condition which the high-tech SMEs of our country develops, the existence question and the function.Third, combining the enterprise life cycle theory, it proposed the technological risks, the market risk, the fund risk, the management risk, the talented person risk and the reforming risk on the stage of incubation period, undertaking time, growth period and mature transformation time, and thought that the origin reason of risk was the factor on the risk aversion. Finally, the paper proposed the countermeasure, including establishment of technological innovation itemized appraisal mechanism; innovation of market marketing system; perfecting enterprise financing mechanism; establishing the raise of entrepreneur mechanism and the incentive mechanism; the construction of technological innovation network, strengthening the innovation ability; constructing the high-tech SMEs colony; the establishment of early warning network.