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Measurement of Factors Impacting the Technology Innovation Level Based on Categorical Regression

This paper constructed an impacting factor model of technology innovation of SMEs including 10 factors,such as financial capital,R D intensity,innovation network etc.Based on a survey with a sample of 188 SMEs in Shanghai and Shenzhen,this study explored the factors and mechanism impacting the technology innovation of SMEs by using Factor Analysis and Categorical Regression.This result indicates that 8 factors such as financial capital,R D intensity,technically qualified staffs,have positive effect on technology innovation of SMEs,and among which the effect of R D intensity and financial capital is most significant.However,it finds that current policies have negative effect on innovation of SMEs.