Financial Intervention,Product Innovation and the Willingness to Purchase S&T Insurance
Lyu Wendong1,Zhao Yang2
1.Business School of International Business and Economics,Beijing 100029,China; 2.CCIE of Central University of Finance and Economics,Beijing 100081,China
Abstract：Based on the survey data of 683 high-tech enterprises in Zhejiang Province,this paper makes an empirical test of the determinants of the willingness to purchase science and technology insurance.The research shows that the financial subsidies and product innovation are the most significant factors on the purchasing of S&T insurance.The innovation risk and the foreign investment are positively related to the willingness,and the size of the enterprise is not significant.This paper reveals the decision-making mechanism of S&T insurance in small and medium sized high-tech enterprises,and provides necessary evidence for the persistent financial intervention and product innovation.
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