Proceedings of the 2019 4th International Conference on Humanities Science and Society Development (ICHSSD 2019)

Research on Diversification and Financing Constraints of Technological Innovation Companies

Authors
Chun-mei Liang, Ming-rui Zhang
Corresponding Author
Chun-mei Liang
Available Online July 2019.
DOI
10.2991/ichssd-19.2019.15How to use a DOI?
Keywords
Technological innovation, Financing constraints, Diversification
Abstract

This paper uses a variable investment analysis framework to examine the impact of the investment of two independent innovation projects by technology innovation company operators on their financing capabilities. The results show that simultaneous diversification has improved equity multipliers and borrowing capacity, and diversified investments have increased the operator's expected net utility. The higher the degree of project correlation, the more difficult it is for operators to obtain financing.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2019 4th International Conference on Humanities Science and Society Development (ICHSSD 2019)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
July 2019
ISBN
10.2991/ichssd-19.2019.15
ISSN
2352-5398
DOI
10.2991/ichssd-19.2019.15How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Chun-mei Liang
AU  - Ming-rui Zhang
PY  - 2019/07
DA  - 2019/07
TI  - Research on Diversification and Financing Constraints of Technological Innovation Companies
BT  - Proceedings of the 2019 4th International Conference on Humanities Science and Society Development (ICHSSD 2019)
PB  - Atlantis Press
SP  - 79
EP  - 83
SN  - 2352-5398
UR  - https://doi.org/10.2991/ichssd-19.2019.15
DO  - 10.2991/ichssd-19.2019.15
ID  - Liang2019/07
ER  -