Research On Financial Subsidy Performance Of Science And Technology Insurance

Science and technology insurance is an important innovation of science and technology finance and an effective means to prevent and resolve the related science and technology risks of high-tech enterprises.With the establishment of China's independent innovation strategy and the vigorous development of high-tech enterprises,the demand for technology insurance is also particularly urgent.In July,six cities(districts)including Beijing,Tianjin,Chongqing,Shenzhen,Wuhan and Suzhou High-tech Zone were identified as the first batch of science and technology insurance innovation pilot cities(districts);Subsequently,in September 2008,Shanghai,Chengdu,Shenyang,Wuxi,Xi'an High-tech Zone,and Hefei High-tech Zone were approved as the second batch of pilot cities(districts).With the support of governments at all levels and relevant departments,science and technology insurance has gradually expanded from pilot to comprehensive promotion in accordance with the operating principle of ?pilot first and steadily advancing?.Due to the variety and strong correlation of China's science and technology risks,the science and technology insurance has strong positive externalities and serious information asymmetry,which makes the technology insurance market prone to market failure.Therefore,in the promotion of science and technology insurance,various places The government has continuously introduced corresponding financial subsidy policies to stimulate the demand for technology insurance and promote the healthy development of the technology insurance market.At present,local governments generally use technology insurance premium subsidies to subsidize high-tech enterprises,and gradually form a premium subsidy model with the classification rate,batch decrement and total amount control represented by Wuhan.With the implementation of financial subsidies for science and technology insurance,scholars began to evaluate and analyze their performance.Some scholars used the DEA input-output model to study the objective economic effects.The government's financial subsidies for science and technology insurance are to improve high-tech enterprises.The output value and the promotion of technological innovation are effective in DEA;however,some scholars have indicated through questionnaires that the financial subsidies for science and technology insurance have not effectively stimulated the demand for high-tech enterprises for technology insurance.At present,the insurance insurance is not optimistic due to technology insurance.The lack of innovation in products,the shortage of funds in high-tech enterprises,and the lack of awareness of technology insurance and related subsidy policies have made the development of science and technology insurance not achieve the expected results.The financial subsidy for science and technology insurance is a government policy and a manifestation of the government's ability to govern.Therefore,it is necessary to analyze the implementation performance of the policy.According to the current status of policy performance research,most scholars believe that the evaluation of policy performance should not only consider the economic benefits achieved after the implementation of the policy,but also consider the subjective welfare perception of the relevant stakeholders,that is,the satisfaction evaluation.Multi-angle demonstration of policy performance.Therefore,in order to effectively improve the performance level of China's science and technology insurance financial subsidies and the demand for high-tech enterprises,promote the common development of the insurance industry and high-tech industries.Based on the literature research,this paper first analyzes the financial subsidy model of China's science and technology insurance,analyzes the similarities and differences of typical urban subsidy policies and possible problems.Secondly,based on the macro and micro perspectives,the DEA evaluation method and satisfaction evaluation are adopted respectively.This paper empirically analyzes the performance level of financial subsidies for science and technology insurance,and on this basis,analyzes the main factors that may affect the micro-performance level.Then,it dynamically analyzes the impact of the implementation performance of financial subsidies for science and technology insurance on the changes in the demand for high-tech enterprises.The empirical analysis is made on the factors that may affect the willingness to insure.Finally,on the basis of theoretical and empirical research results,the corresponding policy recommendations are proposed to improve the performance level of financial subsidies for science and technology insurance and the willingness of high-tech enterprises to insure.The paper is divided into six parts:The first part,Introduction.This part discusses the research background and significance,research content and ideas,research methods and so on,and puts forward the innovation points and deficiencies of this paper.The second part is a literature review.The relevant literatures related to financial subsidies for science and technology insurance and science and technology insurance are sorted out and summarized,and based on the current research status of policy performance evaluation,a new paradigm for finding new ideas is studied for this paper.The third part is an overview of technology risk and technology insurance theory.This part explains the reasons for the government's financial subsidy for science and technology insurance through the theoretical analysis of science and technology risk and technology insurance,and provides relevant theoretical basis for the follow-up of science and technology insurance financial subsidy performance research.The fourth part is based on the macro perspective of the research on the performance of financial subsidies for science and technology insurance.Firstly,by combing the financial subsidy policies of science and technology insurance in three typical pilot cities of Beijing,Wuhan and Chengdu,the specific methods and policy contents of subsidies for science and technology insurance by local governments are explained.The research results show that although the three regions have adopted financial subsidies—the premium subsidies To promote the development of science and technology insurance,but there are large differences in subsidy targets,subsidy ratios and ceilings.Among them,the classification rate of Wuhan,the declining batch-by-batch,and the total amount of premium subsidy models are relatively more scientific and reasonable.Secondly,taking the implementation of the financial subsidy of science and technology insurance in Sichuan Province as an example,using the DEA evaluation method to empirically analyze the objective economic performance before and after the implementation of the financial subsidy for science and technology insurance,through comparative analysis,it is found that:(1)before the implementation of science and technology insurance and financial subsidies,despite the high-tech The use of existing resources by technology companies has exerted the greatest value,but its output value has not reached the optimal state;(2)After the government implements science and technology insurance and financial subsidies,DEA is effective every year,and financial subsidies for science and technology insurance promote The significance of the development of high-tech enterprises.Therefore,the Sichuan provincial government should continue to improve and implement science and technology insurance and implement financial subsidies for science and technology insurance to promote the development of high-tech industries.The fifth part is a micro-perspective study on the performance of financial subsidies for science and technology insurance.Firstly,based on the questionnaire survey,this paper uses the satisfaction evaluation analysis method in the policy performance research to investigate the overall satisfaction of the high-tech enterprises on the financial subsidy policy of science and technology insurance and the satisfaction with the policy content and enforcement,so as to measure the finance of science and technology insurance.Subjective welfare performance of subsidies;Secondly,on the basis of satisfaction evaluation,construct the indicators of the influencing factors of the micro-performance of financial subsidies of science and technology insurance,that is,the specific factors of satisfaction;and finally,the high-tech by using the orderly Probit analysis method;The willingness of enterprises to apply for insurance for science and technology insurance is the research object.It can empirically analyze whether the micro-performance of financial subsidies for science and technology insurance can effectively enhance their willingness to insure,and analyze the possible influencing factors of willingness to insure according to satisfaction indicators and other various indicators.The results show that:(1)The overall satisfaction level of high-tech enterprises on financial subsidies for science and technology insurance is not high,only slightly higher than the median value of 3,at a "good" level,there is still a large optimization space for the performance of financial subsidies for science and technology insurance;(2)High-tech risk cognition level,knowledge of science and technology insurance,identity of science and technology insurance,understanding of subsidy policy,satisfaction of subsidy ratio,satisfaction of compensation form,satisfaction of publicity,and satisfaction of implementation Overall satisfaction has a significant positive impact,and the business life has a significant negative impact;(3)After understanding the subsidy policy,the high-tech enterprises have a greater increase in their willingness to insure;(4)Understand the science and technology insurance finance Before the subsidy policy,the scale of the enterprise,the level of risk perception,the degree of understanding of science and technology insurance,the sense of recognition of the role of science and technology insurance,and the overall understanding of the financial subsidies for science and technology insurance have a significant positive impact on the willingness to insure,and the business years of high-tech enterprises The key technology/equipment research and development methods and the effectiveness of the risk control mechanism are Negative impact;after specifically understanding the financial subsidy policy of science and technology insurance,except for the risk cognition level and risk control effectiveness variables are no longer significant,other variables are not significant,in the satisfaction variable,overall satisfaction,subsidies Proportional satisfaction and compensation form satisfaction have a significant positive effect on the willingness to apply for science and technology insurance.It shows that under the support of financial subsidies for science and technology insurance,high-tech enterprises can get rid of the risk cognition bias and the overconfidence of the enterprise's own risk control mechanism,and the focus of high-tech enterprises on the financial subsidy policy of science and technology insurance mainly lies in the policy content.Whether the formulation is scientific and reasonable.The sixth part is the research conclusions and policy recommendations.On the basis of the above theoretical research and empirical research,with the aim of improving the performance of financial subsidies for science and technology insurance and the willingness of high-tech enterprises to insure,the corresponding policy recommendations are proposed: establishing a performance evaluation mechanism for financial subsidies for science and technology insurance;strengthening government guidance and improving science and technology Insurance financial subsidy policy;effectively implement the financial subsidy policy for science and technology insurance,improve the satisfaction of high-tech enterprises;increase the promotion of science and technology insurance and its subsidy policies,and enhance the willingness of high-tech enterprises to insure.The main innovations of this paper are:(1)The research perspective has certain innovation.Science and technology insurance is actually a kind of policy insurance.Financial subsidies are a very important policy behavior in the implementation of science and technology insurance.At present,the research on financial subsidies for science and technology insurance is not particularly sufficient,and most of them focus on financial management of science and technology insurance.Research on the necessity of subsidies and the study of operational mechanisms,there are few empirical studies focusing on financial subsidies for science and technology insurance,and there are few studies on the performance of financial subsidies for science and technology insurance.At present,only a few scholars are based on macroscopic perspectives.The objective economic performance of insurance financial subsidies is analyzed,but its subjective welfare performance is not analyzed from the perspective of high-tech enterprises.Therefore,based on the implementation performance of financial subsidies for science and technology insurance,this paper analyzes the objective economic benefits of financial subsidies for science and technology insurance on the basis of previous studies.At the same time,it analyzes its subjective welfare benefits from the perspective of high-tech enterprises,and the macroscopic and microscopic research perspectives can To a certain extent,enrich the research system of science and technology insurance.(2)Research methods have certain innovations.In the existing research on the performance evaluation of financial subsidies for science and technology insurance,scholars mostly analyze the necessity of financial subsidies for science and technology insurance from a theoretical perspective.Although a few scholars analyze the implementation performance through empirical research methods,they are still mainly based on common DEA.The evaluation method analyzes the innovation capability and output value of high-tech enterprises from the perspective of economic effects.This paper draws on the satisfaction evaluation analysis method in the policy performance evaluation method,and introduces the method into the research of financial subsidy performance of science and technology insurance for the first time.Based on the perspective of high-tech enterprises,it constructs the satisfaction evaluation index and the subjective welfare performance of the financial subsidy of science and technology insurance.Conduct exploratory and innovative research and experimentation.(3)In the research on the willingness to apply for insurance for high-tech enterprises,from static research to dynamic research,analysis and understanding of the willingness to apply for insurance before and after the financial subsidy policy,can more intuitively understand whether the implementation of financial subsidies for science and technology insurance can effectively improve High-tech enterprise insurance needs.