Influence of Venture Capital and Knowledge Transfer on Innovation Performance in the Big Data Environment
Influence of Venture Capital and Knowledge Transfer on Innovation Performance in the Big Data Environment
复制标题
大数据环境下风险投资和知识转移对创新绩效的影响
DOI:
10.3390/jrfm12040188
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发表时间:
2019-12
期刊:
影响因子:
--
通讯作者:
Mark E. McMurtrey
中科院分区:
文献类型:
--
作者:
Wu Chuanrong;Yang Xiaoming;Lee Veronika;Mark E. McMurtrey
Technological innovation requires large investments. Venture capital (VC) is a prominent financial source for innovative start-ups. A venture capitalist will inevitably transfer knowledge to facilitate the innovation of a firm while monitoring and advising its portfolio companies. Only when a firm has its own valuable new knowledge and high growth potential would venture capitalists select it. At the same time, big data knowledge, such as customer demands and user preferences, is also important for the new product development of a firm in the big data environment. Therefore, private knowledge transferred from venture capitalists, new knowledge developed independently by a firm itself, and big data knowledge are the three main types of knowledge for venture-backed firms in the big data environment. To find the influences of VC and knowledge transfer on the innovative performance of venture-backed firms, a model of maximizing the present value of the expected profit of new product innovation performance of a venture-backed firm in the big data environment is presented. The model can help venture capitalists to determine the scale of investment and the optimal exit time and predict the internal rate of return (IRR). This model can also help innovative start-ups to illustrate the value and prospects of a project to attract investment in their business prospectus.
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DOI:
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期刊:
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影响因子:
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