Venture capital and entrepreneurship: a conceptual model and research suggestions

被引：0
作者：
Wentao Gu
Xuzheng Qian
Junpeng Lu
机构：
[1] Zhejiang Gongshang University,
来源：
International Entrepreneurship and Management Journal | 2018年 / 14卷
关键词：
Venture capital; Entrepreneurship; Chinese market;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This paper discusses the relationship between entrepreneurship, as an important factor to enhance the competitiveness of enterprises, and venture capital (VC) in the context of China which has an emerging and immature market with high proportion of state-owned capital, imperfect legal system, inexperienced investors, and wrong market orientation. According to the exsisting literature and the development of Chinese VC industry, the conceptual framework we propose has five main elements: characteristics of VC, contextual issues in China, the meaning of the entrepreneurship, influence mechanism, and outcomes, including the change of entrepreneurship at individual and firm level as well as region and industry level. In addition to taking into account the selection preference of VC, two-sided moral hazard problem, and the special situation of Chinese market, the authers provide three suggestions for further empirical research to identify the effect of VC more precisely.
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页码：35 / 50
页数：15
相关论文
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