An analysis on the delayed effect of innovation input and the cause of innovative risks

Science Research Management ›› 2015, Vol. 36 ›› Issue (5) : 10-20.

Zhang Zhihe^1,2, Xu Ke¹, Li Peng¹

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Abstract

The research is based on a delay perspective of innovation input. This research uses the method of Econometrics and System Dynamics to measure the delayed time of innovation input and analyzes the delayed effect, aiming to uncover the sunk cost of innovation input and quantify the innovations risks. The results have shown that: (1) from the perspective of the delayed time, the delayed time of corporate funds is the shortest. Therefore, innovation input should put the enterprises in a dominant position; (2) from the perspective of the delayed effect, the sunk cost resulted from the different delayed time varied in each stage of innovation input. Sunk costs reflect and quantify the risks in the process of innovation; (3) To shorten the delayed time of talent input and to lower the sunk cost are important measures to improve the input-output efficiency of innovation.

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innovation input / delayed effect / innovation risk / sunk cost

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Zhang Zhihe, Xu Ke, Li Peng. An analysis on the delayed effect of innovation input and the cause of innovative risks[J]. Science Research Management. 2015, 36(5): 10-20

References

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