{"title":"增量市场化改革与风险投资战略调整:基于产业链创新发展","authors":"Yu Ren, Xiongfei Liu, Yi Zhu","doi":"10.1016/j.frl.2024.106346","DOIUrl":null,"url":null,"abstract":"<div><div>Marketization reforms are essential for ensuring long-term development. This paper examines the effect and mechanisms of marketization reforms on venture capital strategy adjustments using panel data from 31 provinces in China from 2010 to 2022. The study finds that marketization reforms have increased the level of venture capital primarily by enhancing industrial chain innovation and reducing tax burdens. Based on the findings, recommendations are proposed to deepen marketization reforms and advance venture capital strategy adjustments in China.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"70 ","pages":"Article 106346"},"PeriodicalIF":7.4000,"publicationDate":"2024-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Incremental marketization reforms and venture capital strategy adjustments: Based on industrial chain innovation development\",\"authors\":\"Yu Ren, Xiongfei Liu, Yi Zhu\",\"doi\":\"10.1016/j.frl.2024.106346\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>Marketization reforms are essential for ensuring long-term development. This paper examines the effect and mechanisms of marketization reforms on venture capital strategy adjustments using panel data from 31 provinces in China from 2010 to 2022. The study finds that marketization reforms have increased the level of venture capital primarily by enhancing industrial chain innovation and reducing tax burdens. Based on the findings, recommendations are proposed to deepen marketization reforms and advance venture capital strategy adjustments in China.</div></div>\",\"PeriodicalId\":12167,\"journal\":{\"name\":\"Finance Research Letters\",\"volume\":\"70 \",\"pages\":\"Article 106346\"},\"PeriodicalIF\":7.4000,\"publicationDate\":\"2024-10-24\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Finance Research Letters\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1544612324013758\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612324013758","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
Incremental marketization reforms and venture capital strategy adjustments: Based on industrial chain innovation development
Marketization reforms are essential for ensuring long-term development. This paper examines the effect and mechanisms of marketization reforms on venture capital strategy adjustments using panel data from 31 provinces in China from 2010 to 2022. The study finds that marketization reforms have increased the level of venture capital primarily by enhancing industrial chain innovation and reducing tax burdens. Based on the findings, recommendations are proposed to deepen marketization reforms and advance venture capital strategy adjustments in China.
期刊介绍:
Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies.
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