How to promote the digital business model innovation of high‐tech SMEs through government venture capital? An evolutionary game perspective
Hang Yin,
Jiaxin Liu,
Nengmin Zeng
Abstract:Digital business model innovation plays a crucial role in the growth of high‐tech small and medium‐sized enterprises (SMEs). In this research, we introduced tripartite evolutionary game models that include the government, venture capital (VC) institutions, and high‐tech SMEs, operating within the context of government venture capital. Within the scenarios of government revenue and loss compensation, we assess the evolutionary stable strategies of each stakeholder and analyze variations in the evolution results… Show more
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