一、主題：Firm Dynamics of Hi-Tech Start-ups: DoesInnovation Matter?

二、主講人：張冬洋，首都經濟貿易大學經濟學院講師。日本京都大學經濟學碩士、博士，中國人民大學經濟學院經濟學學士、理學學士、經濟學碩士。主要研究領域為：公司治理、公司财務與公司創新。近年來在《EconomicModelling》《Economics Letters》《EconomicSystems》《EmergingMarkets Finance and Trade》等國内外高水平雜志上發表論文十多篇。主持教育部人文社科基金、北京市社會科學基金。

三、時間：2019年3月27日（周三），中午12:30-13:30

四、地點：bevictor伟德官网學院南路校區主樓913會議室

五、主持人：郭豫媚，bevictor伟德官网講師

Abstract: Innovationplays a vital role in corporate issues since it brings potentially appreciableprofits and shores up their statuses in certain fields, although it may alsoharness firms, especially smaller ones, with high survival risks. This concernbrings forth our research topic: could innovation diminish firms’ risk offailure? Our paper concentrates on hi-tech start-ups and complements existingfirm dynamic studies by adopting a comprehensive annual survey dataset from ascience park located in Beijing. Using a novel discrete-time proportionalhazards model, and thanks to extensive data available, we can take a deeperinvestigation into this topic. Our research complies with most of the previousstudies that show that the benefit from innovativeness outweighs the cost andwe solidify our conclusions by considering a few distinctive features existingin China’s economy.