Venture capital in China: Past, present, and future

被引：137

作者：

Ahlstrom D. ^{[1
]}

Bruton G.D. ^{[2
]}

Yeh K.S. ^{[3
]}

机构：

[1] Department of Management, Chinese University of Hong Kong, Shatin, N.T.

[2] M.J. Neeley School of Business, Texas Christian University, TCU Box 298530, Fort Worth

[3] Department of Business Management, National Sun Yat-Sen University, Kaohsiung

来源：

Asia Pacific Journal of Management | 2007年 / 24卷 / 3期

关键词：

China; Emerging economies; Entrepreneurship; Institutional theory; Transition economy; Venture capital;

D O I：

10.1007/s10490-006-9032-1

中图分类号：

学科分类号：

摘要：

This article reviews the literature on venture capital in China and examines where China's venture capital industry has been and where it is likely to go in the future. Since the 1980s, venture capital in China has grown steadily alongside the robust national economy. The future is likely to offer even greater opportunities, as entrepreneurs are encouraged and property rights improve. However, there will also be a period of transition as the market continues to mature and as new legal structures and commercial arrangements emerge. Venture capital in China has many interesting differences from that in Western countries. The venture capital industry is shaped by the institutional context and China is no exception to this. This article also examines some specific differences between the system in China and that of the United States. Future prospects for venture capital are also appraised as China continues its transition to a market economy. © Springer Science+Business Media, LLC 2007.

引用

页码：247 / 268

页数：21

共 77 条

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