对外经济贸易大学硕士学位论文创业板市场对中小企业创新能力的影响——基于在香港创业板上市的中国中小企业的实证分析姓名:刘云龙申请学位级别:硕士专业:工商管理指导教师:王玉荣20080401I20083()3227IIAbstractWiththemoreandmoreintensivecompetitioninChina’smarket,manysmallandmedium-sizedenterprises(SMEs)hopeeagerlytoimprovetheirintegratedcapabilityofcompetitionwiththeinnovationastheircompetitiveness.TheRegulationofIPOandlistingintheGrowthEnterpriseMarketofChina(copyofaskingforadvice)ispublishedbyChinaSecuritiesRegulatoryCommissioninMarch2008.ItindicatesthatGrowthEnterpriseMarketofChinaisgoingtoimplementsoon.Therefore,theresearchontheinfluenceoftheinnovativenessofChina’sSMEsinlistingintheGrowthEnterpriseMarketofHongKongbecomesmuchmeaningfulandadvisabletotheseenterpriseswhowishtolistintheGrowthEnterpriseMarketofChina.ThisarticlefirstintroducedthedefinitionofSMEs,innovativeness,GrowthEnterpriseMarketandthetheoryofenterpriseinnovation,andthenlookedbackuponcorrelativeresearchliteratures.Secondlytheauthorcompletedtheindexsystemofinnovativenessthatincludes3mainindexes(technologyinnovativeness,managementinnovativeness,institutionalinnovativeness)and22sub-indexes.Next,factoranalysisisselectedbytheauthorasthemethodofdemonstrationanalysisaftercomparingwiththeotheranalysismethod.Thirdly,theauthormodifiedtheindexsystemofinnovativenessandthenputthemodificatorystandardizationdataintocomputersystemtoanalyze.Thentheauthorfound7generalfactorsandthefactorscores,thenmultipliedfactorscoresbytheproportionofgeneralfactors,henceacquiredinnovativenessscoresforallsamples.Finally,theauthordrawaconclusionthatitcouldenhancetheSMEs’sinnovationcapabilitythroughlistingintheGrowthEnterpriseMarketofHongKongbytheanalysisofcomparisonbetweenofthescoresofthepreviousyearbeforelistingwiththescoresoftheyearofafterlisting.Keywords:SMEs,innovativeness,GrowthEnterpriseMarket111120082011WTO111%%%%200199.45060.943200399.955.673.746.2200599.658.57848.21220002004SPSS12121122HongKongExchangesandClearingLimited[01]171.50.401.50.40ijijXijF1F2FmjF=∑=piiijXa1j=1,2,m3.1F1F2FmaijijpF∑=mjjjFK13.2FKjjj1322182223211002.64111654KMOBartlettKMO010.5BartlettP0.0515KMO0.565Bartlett525.944P0.0001788.197%85%3242912193123129221165BB13232238049.2158.33%0.7300.150.2077743333.3307035421.1814131614.5621479000.0002597445.344009785.71%2.2100.070.29191872000.0063000.0018187465.6731636107.96687.301.8339.5096.6322935000.0003340409.934435632.99555.39038.3877.0086319000.003178000.0015185362.3813201733.2622.540.214.693.7053.7208.2110.317.830.051.391.2568.670.157.1112.326.670.030.890.941.0000.970.18201.0000.670.47%1.1600.400.33%0.570.170.320.08%1.6700.060.22%0.710.220.440.1252500010000156228.81131854.33323.329CC132531291165SPSS13.03333KMO6andBartlett's7KMO.475724.801Bartlett's.0006KMO010.570.05218%%%%13.99018.13618.1362.81712.80312.80322.88513.11531.2512.56711.67024.47332.55911.63242.8832.51811.44535.91742.0359.25152.1341.8968.61944.53751.8238.28660.4201.8548.42852.96561.3256.02266.4421.7958.15761.12271.2035.46871.9111.7057.75268.87481.0814.91476.8251.5356.97575.84991.0344.70181.5261.2495.67781.526100.7983.62885.154110.6592.99688.150120.5452.47790.627130.4582.08492.710140.3481.58094.290150.3311.50695.796160.2811.27697.072170.2060.93898.010180.1680.76298.772190.1000.45399.225200.0910.41499.639210.0540.24599.884220.0260.116100.00090.860.880.790.720.830.94892290.860.850.750.910.680.840.870.820.950.840.680.760.650.810.770.8533KMO0.4750.5781.526%KMO3434KMO%1220.475981.5262210.494983.4583200.511881.00823KMO%4190.510883.1915180.517885.2606170.536781.3477160.563785.4128150.565788.1979140.540683.41310130.562689.01311120.544691.01012110.524584.77013100.525591.5321490.490483.476348KMO0.565KMO31535350%/00240%/00/00/00/+/2/+/2/+/2/+/2101%/254SPSS13.041SPSSDD1411SPSS4141%%%%%1013.67324.48624.4862.68917.92417.92420.3225422.47116.47340.9582.44716.31234.23618.4949332.29315.28756.2452.33515.57049.80617.6531541.4999.99066.2351.64910.99460.79912.4649051.1627.74473.9791.60510.70171.50012.1328361.1267.50781.4861.3268.84380.34310.0261971.0076.71188.1971.1787.85488.1978.9054680.4553.03391.23090.3782.52393.753100.2871.91495.667110.2121.41497.082120.1881.25398.334130.1230.82299.157140.0870.57999.736150.0400.264100.000411788.197%1026SPSS7EE141242421112345670.947240.101957-0.07948-0.158850.113906-0.012250.0736850.8782060.079754-0.14201-0.062220.2232970.0616370.0643890.8322280.025837-0.059690.108433-0.00963-0.223930.052134-0.01550.917706-0.05324-0.03102-0.059190.1666480.053640.1226830.888103-0.02349-0.05313-0.050510.3427350.0636550.0921990.870142-0.03112-0.033890.020463-0.