Whether the Hybrid and Public Venture Capital Funds are the First Investors of Young Innovative Companies?

Prohorovs, Anatolijs; Stikute, Velta

doi:10.2139/ssrn.2965218

Cited by 3 publications

(1 citation statement)

References 7 publications

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“…e subsequent researches include the effectiveness of public venture capital funds for entrepreneurial growth, supporting the investment of young high-tech enterprises in Europe [8], enterprise innovation [9], entrepreneurial success [10], sales volume and employee number of venture enterprises [11], enterprise performance [12], and enterprise financing [13]. Some studies have compared the incentive differences between public venture capital funds and private venture capital funds [14].…”

Section: 1mentioning

confidence: 99%

Determinants of Investment Timing of Government Venture Capital Guiding Funds in China

Cui

Zhang

Yin

et al. 2021

Discrete Dynamics in Nature and Society

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With the prosperity of venture capital, all kinds of government venture capital guiding funds have sprung up, and the scale is explosive growth. However, the current investment of government guiding funds in enterprises has not fundamentally solved the financial difficulties in the early development of enterprises. This study examines the determinants of investment timing of government guiding funds. We investigate this question using the data of China’s new three board companies that have been invested by government guiding funds in the year of 2015-2016. We find that government guiding funds enter the enterprises into developed areas earlier. The innovation ability and the market competitiveness of the invested enterprises are positively correlated with the investment timing of government guiding funds. There is no significant relationship between the investment proportion of government guiding funds and the timing of entering the enterprises. The research of this paper can provide theoretical reference for the subsequent optimization of the resource allocation and provide ideas and methods for the policy improvement and management optimization of government venture capital guiding funds in the future.

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