| 高科技产业政策对风险投资活动的影响 |
| |
| 引用本文： | 汪洋.高科技产业政策对风险投资活动的影响[J].安徽师范大学学报(人文社会科学版),2012,40(1):31-36. |
| |
| 作者姓名： | 汪洋 |
| |
| 作者单位： | 安徽师范大学经济管理学院,安徽芜湖241003;上海财经大学公共经济与管理学院,上海20043 |
| |
| 基金项目： | 安徽师范大学创新基金项目，2010年芜湖市科学计划项目(软科学类) |
| |
| 摘 要： | 政策是导致风险投资规模发展的格兰杰原因,其效果有滞后一期的影响,对于风险投资规模的波动具有20%以上的解释力。政策对风险投资的需求有影响,但效果非常有限。政策能够产生即期效应,增加科技企业初创期对风险投资的需求,引导现有规模中的风险资金进入初创期。但是长期来看,政策对增加风险投资的需求作用不大,原因在于当前出台的产业政策较少从刺激需求的角度出发,使得企业运用风险投资的成本过高,从而降低对这一融资途径的需求。
|
| 关 键 词： | 高科技产业 政策 风险投资 初创期 |
Influence of High-tech Industry Policy on Venture Capital Activities |
| |
| WANG yang.Influence of High-tech Industry Policy on Venture Capital Activities[J].Journal of Anhui Normal University(Humanities and Social Sciences),2012,40(1):31-36. |
| |
| Authors: | WANG yang |
| |
| Institution: | WANG yang1,2(1.School of Economics and Management,Anhui Normal University,Wuhu Anhui 241003,China;2.School of Public Economics and Management,Shanghai University of Finance and Economics,Shanghai 200433,China) |
| |
| Abstract: | Policy is the Grainger reason of venture capital scale development,and there is a lag period effect.It can explain more than 20% of the fluctuation of venture capital scale.Policy can influence the demand for venture capital,but the effect is very limited.It can produce immediate effect,and increase the demand of star-ups of high-tech enterprise on venture capital,guiding venture capital of existing scale into the star-ups.But in the long term,there isn’t significant influence of policy on demand for venture capital.The reason is that current policy is less from the demand perspective,causing the high cost in using venture capital by enterprise,thus reduceing the financing demand. |
| |
| Keywords: | High-tech industry policy venture capital start-ups |
| 本文献已被 CNKI 万方数据 等数据库收录！ |
|
