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Chinese Journal of Management Science ›› 2011, Vol. 19 ›› Issue (3): 134-140.

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Empirical Research on Finance of Science and Technology Development Index in China

CAO Hao1,3, YOU Jian-xin1, LU Rui1, CHEN Hai-yang2   

  1. 1. School of Economics and Management, Tongji University, Shanghai 200092, China;
    2. Global Financial Services Institute, Cotsakos College of Business, William Paterson University, New Jersey 07470, USA;
    3. Investment Banking Center, Zhong Rong Internation Trust Co. Ltd, Shanghai 200120, China
  • Received:2010-04-29 Revised:2011-03-08 Online:2011-06-30 Published:2011-06-30

Abstract: The integ ration of science and technology(S&T)and finance is an important tool and fundamental guarantee for building innovation-oriented country.However,there has not been a special evaluation system and index system for the finance of S&T development status in China.This paper at tempts to fill this gap to constructs finance of S&T development index in China based the integration of S&T and finance,establishes finance of S&T resource index,finance of S&T out layindex,finance of S&T out put index and finance of S&T loan index from 2001 to 2008,and applies the method of between-groups linkage to cluster analyze the finance of S&T development index.It is found in the study that,the finance of S&T resource input is on the increase,the finance of S&T outlay index presents the ascendant trend year by year,but the finance of S&T out lay index shows a downward trend.Especially the finance of S&T loan index does not get big change,it is reflected that there are structural contradiction between the finance institution and the S&T enterprise financing requirement.

Key words: finance of science and technology, science and technology innovation, development index

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