摘 要
随着全球创新创业浪潮的兴起，融资策略与风险管理成为创新创业企业可持续发展的关键因素。本研究旨在探讨不同融资模式对创新创业企业成长的影响，并分析其潜在风险及应对措施。通过文献综述、案例分析和实证研究相结合的方法，选取了多个具有代表性的创新创业企业作为研究对象，深入剖析其融资路径与风险管理实践。研究发现，多元化融资渠道能够有效缓解资金压力，但同时也伴随着较高的财务风险；股权融资虽能为企业提供长期资本支持，却可能稀释创始团队的控制权；而债权融资则需平衡债务负担与企业发展速度之间的关系。本研究创新性地提出了一种基于动态风险评估的融资决策框架，该框架结合企业生命周期阶段与外部环境特征，为创新创业企业提供更具针对性的融资建议。此外，研究还强调了风险管理的重要性，指出构建完善的内部控制体系和外部合作伙伴网络是降低融资风险的有效途径。总体而言，本研究不仅丰富了创新创业融资领域的理论基础，还为实践者提供了可操作性强的指导方案，对于推动创新创业企业的健康发展具有重要意义。
关键词：融资策略；风险管理；创新创业企业；动态风险评估；融资决策框架
Abstract
With the rise of global innovation and entrepreneurship waves, financing strategies and risk management have become critical factors for the sustainable development of innovative and entrepreneurial firms. This study aims to explore the impact of different financing models on the growth of such enterprises and analyze their potential risks and corresponding measures. By integrating literature review, case analysis, and empirical research, multiple representative innovative and entrepreneurial firms were selected as research subjects to thoroughly examine their financing trajectories and risk management practices. The findings indicate that diversified financing channels can effectively alleviate financial pressure but are also accompanied by higher financial risks; equity financing, while providing long-term capital support for enterprises, may dilute the control rights of founding teams; and debt financing requires balancing the relationship between debt burden and enterprise development speed. Innovatively, this study proposes a financing decision-making fr amework based on dynamic risk assessment, which combines the enterprise life cycle stage with external environmental characteristics to offer more targeted financing recommendations for innovative and entrepreneurial firms. Furthermore, the study emphasizes the importance of risk management, suggesting that constructing a robust internal control system and an external partner network is an effective way to reduce financing risks. Overall, this study not only enriches the theoretical foundation of financing in the field of innovation and entrepreneurship but also provides practitioners with actionable guidance, playing a significant role in promoting the healthy development of innovative and entrepreneurial enterprises.
Keywords: Financing Strategy；Risk Management；Innovative And Entrepreneurial Enterprises；Dynamic Risk Assessment；Financing Decision fr amework
目 录
摘 要 I
Abstract II
一、绪论 1
（一）创新创业企业融资与风险管理的研究背景 1
（二）研究创新创业企业融资与风险管理的意义 1
（三）国内外研究现状综述 1
（四）本文研究方法与技术路线 2
二、创新创业企业的融资策略分析 2
（一）融资渠道的选择与优化 2
（二）不同阶段的融资需求匹配 3
（三）股权融资与债权融资的比较研究 3
（四）融资成本与效率的权衡 4
三、创新创业企业的风险管理机制 4
（一）风险识别与评估方法 4
（二）财务风险的控制与管理 5
（三）市场风险的应对策略 5
（四）法律与合规风险的防范 6
四、融资策略与风险管理的协同效应 6
（一）融资决策对风险管理的影响 6
（二）风险管理对融资效率的促进作用 7
（三）融资与风险管理的动态平衡模型 7
（四）案例分析：成功经验与启示 8
结 论 8
致 谢 10
参考文献 11
