关于政府风险投资的十大思考

IF 2.8 4区管理学 Q2 BUSINESS, FINANCE

Venture Capital Pub Date : 2021-04-08 DOI:10.1080/13691066.2021.1903677

Gordon Murray

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引用次数: 6

摘要

本文从2000年到2020年，对政府参与风险投资金融这一新兴领域的政策形成过程进行了反思。它着眼于政府风险投资基金(GVC)为何以及如何演变。本文分析了日益普遍的“混合型”共同投资基金(包括公共和私人风险投资者)。随着时间的推移，公共干预在风险投资市场中的演变得到了承认，同时注意到重大的运营挑战仍然存在。“十大冥想”的标题被用作跨越学术/政策制定者鸿沟的沟通问题和处方的工具。

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Ten meditations on government venture capital

ABSTRACT This paper reflects on the policy formation process in the burgeoning area of government’s involvement in venture capital finance (VC) over the two decades 2000–2020. It looks at both why and how government VC funds (GVC) have evolved. The increasingly common vehicle of “hybrid” co-investment funds, which include both public and private VC investors, is analysed. The evolution of public intervention in VC markets over time is acknowledged while noting that significant operational challenges remain. The rubric of Ten Meditations is employed as a device to communicate both problem and prescription across the academic/policy maker divide.

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来源期刊

Venture Capital BUSINESS, FINANCE-

CiteScore

4.10

自引率

16.70%

发文量

期刊介绍： Venture Capital publishes cutting edge research-based papers from academics and practitioners on all aspects of private equity finance such as: •institutional venture capital •informal venture capital •corporate venture capital •public sector venture capital •community venture capital It also covers all aspects of the venture capital process from investment decision to exit, including studies on: •investment patterns •investment decision-making •investment performance •realisation of investment value exit routes (including the relationship with junior capital markets such as NASDAQ, EASDAQ, AIM and Nouvelle March). •economic impact and public policy