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Dynamic Mechanism Analysis of Sustained Innovation in SMEs of Science and Technology

Wencai Cao, Miyuan Shan


Sustainable innovative ability in high-tech industry is a significant factor that insures high-tech industries R and D performance. In this paper, we formulate a model to investigate the inner mechanism of sustainable innovation in small and medium-sized enterprises of science and technology. The results reveal that, since both parities have asymmetric information of the quality of human capital investments, the high ability human investments are insufficient, which thus cuts down the fund investment in small and medium-sized enterprises of the science and technology. This negative impact of asymmetric information on human capital and fund investments expands considering the different specialty for them. At last, an empirical study of the sustainable innovative ability in of high-tech industry of science and technology is conducted. Countermeasures and suggestions are finally drawn out for the small and medium-sized enterprises of science and technology.


small and medium-sized enterprises of science and technology, co-partnership, asymmetric information, capital specialty.

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