Research On The Relationship Between Social Networks And Financing Capacity Of Start-up Science And Technology Enterprises

Science and technology enterprises play a significant role in adjusting and upgrading the industrial structure,promoting the rapid development of the national economy,and promoting the transformation of new products.However,the current state-of-the-art technology companies are faced with major financing problems.Due to their own characteristics of light assets,high risks,etc.,coupled with the problem of information asymmetry and fewer financing channels,companies cannot effectively obtain debt financing and equity financing.The social network theory put forward by relevant scholars provides a unique perspective for solving the financing problems of the startup technology enterprises.The social network promotes the exchange of information and can also solve the problem of information asymmetry.Therefore,it is very meaningful to study the relationship between social networks and the financing capabilities of start-up technology companies.This paper attempts to explore the influence mechanism of different dimensions of social networks on financing capacity,and uses technological innovation ability as a moderator and environmental policy as control variable. The assumptions was verified through empirical research to provide opinions and suggestions for the start-up science and technology enterprises to rationally use social networks to improve their financing capacity.This paper adopts a literature review method and an empirical research method to formulate reasonable assumptions by sorting out predecessors' research and issuing survey questionnaires.The collected data are further described by statistical software,such as descriptive statistics,correlation analysis,and regression analysis.Verify the relevant assumptions and draw the following conclusions:First,the various dimensions of social networks have a positive impact on the financing capacity of start-up technology companies to some extent;Second,although the ability of scientific and technological innovation can not generally regulate the positive role of social networks in financing capacity,the ability of scientific and technological innovation can negatively regulate the positive role of social networks in the growth of enterprises.The growth in the number of patents and intellectual property can be positively adjust the negative effect of social networks on financing costs.