2015•Unpublished venueOpen access

A study on the risk compensation mechanism of enterprise technological innovation

Jiaying Chen, Shaojiang Lin

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Abstract

Technology innovation is the main source for the growth of modern economy, at the same time, technological innovation is a high-risk activity, which cannot achieve the expected technical and economic indicators because of the uncertainty of the external environment, the technological innovation projects, as well as the difficulty and complexity of technology innovation activities plus the limited enterprise's ability and strength.This will lead to financial risk and cause the tangible economic losses to the enterprise.In this paper, it will take the connotation of enterprise technology innovation risk as breakthrough point, based on the analysis on the risk factors of the enterprise technology innovation, it discusses the composition of the technology innovation risk compensation system, at the same time, and it also discusses the operation mechanism of the technology innovation risk compensation system.

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What this paper is about

Technology innovation is the main source for the growth of modern economy, at the same time, technological innovation is a high-risk activity, which cannot achieve the expected technical and economic indicators because of the uncertainty of the external environment, the technological innovation projects, as well as the difficulty and complexity of technology innovation activities plus the limited enterprise's ability and strength.This will lead to financial risk and cause the tangible economic losses to the enterprise.In this paper, it will take the connotation of enterprise technology innovation risk as breakthrough point, based on the analysis on the risk factors of the enterprise technology innovation, it discusses the composition of the technology innovation risk compensation system, at the same time, and it also discusses the operation mechanism of the technology innovation risk compensation system.

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Available abstract

Technology innovation is the main source for the growth of modern economy, at the same time, technological innovation is a high-risk activity, which cannot achieve the expected technical and economic indicators because of the uncertainty of the external environment, the technological innovation projects, as well as the difficulty and complexity of technology innovation activities plus the limited enterprise's ability and strength.This will lead to financial risk and cause the tangible economic losses to the enterprise.In this paper, it will take the connotation of enterprise technology innovation risk as breakthrough point, based on the analysis on the risk factors of the enterprise technology innovation, it discusses the composition of the technology innovation risk compensation system, at the same time, and it also discusses the operation mechanism of the technology innovation risk compensation system.

Key concepts: Connotation, Innovation management, Financial innovation, Business, Compensation (psychology), Mechanism (biology), Risk analysis (engineering), Technology innovation

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