中文摘要：

信息技术企业与风险资本的空间共存至关重要。课题以1994~2014年获得风险资本融资的IT企业为样本,运用空间滞后模型,研究距离IT企业一定空间范围内风险投资机构数量、同行数量对IT企业风险资本融资金额的影响。研究发现,IT企业周围100公里以内、100~200公里、200~300公里、300~400公里范围内的风险投资机构数量均正向影响其融资金额,边际效应最大的是200~300公里范围,最小的是300~400公里范围。IT企业周围100~200公里以内和200~300公里范围内的同行数量正向影响其融资额,100公里以内和300~400公里范围内的同行数量则反向影响其风险资本融资额,尤其是100公里范围内同行的增加使其风险资本融资额大幅减少。研究结论为政府支持本地风险投资的发展提供了证据,同时也为IT企业的选址有借鉴意义。

英文摘要：

Information technology enterprise and venture capital＇s spatial collocation is very important. Taking IT enterprises backed by venture capital in 1994 - 2014 as sample, establishing the spatial lag model to test how venture capital financing amount of a specific IT enterprise Was affected by the number of venture capital firms and the number of peers in certain rings. Results showed that the venture capital financing amount of a specific 1T enterprise was positively affected by the number of venture capital finns in 100km, 100 - 200kin, 200 - 300km, 300 - 400km rings. The biggest marginal effect occurred in the range of 200 - 300 km, the smallest in the range of 300 - 400km. Number of peers in 100 - 200kin and 200 - 300km rings positively affected the financing amount of 1T enterprise. The number of peers in 100kin and 300 - 400km rings negatively affected the financing amount of IT enterprise, especially the number of peers within 100km ring dramatically lowers the financing amount. The research conclusion provides evidence for the government to support the develop- ment of local venture capital, and also provides a reference for the location of IT enterprises.