The Role of Government in Venture Capital Finance:an Economic Analytical Model

摘要：

Government plays a crucial role in venture capital financing,especially in the early stage of venture capital industry.This paper analyzes the role of government in venture capital financing.I explore a basic model and add the government as a new participant into this economic analytical model.And then,I analyze the government financing guidance in venture investment based on extended model.The results indicate government funding guide can promote the development of venture capital by improving the expectation of venture investors.

关键词： venture capital financing government financing guidance expectation

作者: Mao Qianyou

作者单位: Department of Finance.Renmin University of China Renmin University of China,RUC Beijing,China

会议类型: 国际会议

会议名称: 2010 2nd IEEE International Conference on Information and Financial Engineering(2010年第二届IEEE信息与金融工程国际会议 ICIFE 2010)

会议地点: 重庆

会议语种:英文

页码: 685-689

在线出版日期: 2010-09-17（万方平台首次上网日期，不代表论文的发表时间）