Business, Management and Accounting
4 years ago

Innovative Financing Model Revolutionizes Collaboration in China's Innovation Chain

Mathematical Problems in Engineering
Research on the Internal Financing Mechanism in the Innovation Chain
Liu Hui-hong, Han Ding, Xinmiao Zhou

Paper Summary

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The article explores how to improve the internal financing mechanism in the innovation chain to support innovation in China. By analyzing the relationships and profit sharing among different players in the innovation process, the researchers developed a game model to establish optimal financing agreements. They also created a risk-sharing mechanism to control the financial risks involved. Overall, the study aims to enhance the efficiency of the innovation chain and support system to drive innovation in the country.