Venture capital(VC)is a key financial strength to support mass entrepreneurship and innovation.Chinese VC market has been rapidly growing and VC has increased by 21% annually since 2004.However,there are two important deficiencies in Chinese VC market:firstly,the proportion of early stage investment...
Public versus private venture capital: seeding or crowding out? A pan-European analysis This paper analyzes the relationship between public and private sources of venture capital in Europe and the development of the industry, controlling for c... LB Surlemont - 《Journal of Business Venturing》 ...
Venture capitalSignalingPublic interventionsSeed fundsEntrepreneurship supportThis paper analyzes the relationship between public and private sources of venture capital in Europe and the development of the industry, controlling for characteristics of the legal systems, in 15 European countries over the period...
This paper analyzes the relationship between public and private sources of venture capital in Europe and the development of the industry, controlling for c... LB Surlemont - 《Journal of Business Venturing》 被引量: 439发表: 2003年 Crowding Out or Crowding In? Economic Consequences of Financing...
The argument that public investment invariably "crowds out" private capital is wrong both theoretically and empirically. States have always played a leading role in allocating capital, either through direct investments, or by deliberately encouraging cer
At present, China regards philanthropy as an important component of social security, social governance, and the third distribution of resources. Structural changes in government expenditure can drive the adjustment of social resources; therefore, it is f