The effect of state-owned venture capital on enterprise innovation: Evidence from China

被引：0

作者：

Yu, Chenyang ^{[1
]}

Wang, Mengke ^{[2
]}

Fu, Changluan ^{[1
]}

Song, Jinbo ^{[1
]}

机构：

[1] Hangzhou Normal Univ, Sch Econ, Hangzhou 311121, Peoples R China

[2] Ind & Commercial Bank China, Hangzhou Hushu Branch, Hangzhou 310005, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2024年 / 67卷

基金：

中国国家自然科学基金;

关键词：

state-owned venture capital; financing constraints; joint investment; technical talents; enterprise innovation;

D O I：

10.1016/j.frl.2024.105804

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Venture capital (VC) funded by state-owned enterprises constitutes a significant component of China's state-owned capital (SOC) investment. This paper empirically investigates the impact of state-owned venture capital (SOVC) on enterprise innovation and identifies that SOVC exerts a more pronounced influence on enhancing enterprise innovation capability. SOVC facilitates the enhancement of enterprise innovation capability by alleviating financial constraints, fostering joint investments, and attracting technical talents. This paper not only aids in identifying effective approaches to advance SOC reform but also contributes to enhancing enterprise innovation capability through the utilization of SOC.

引用

页数：6

共 50 条

[1] The influence of state-owned enterprise reform on enterprise innovation: new evidence from China
Liu, Hengxu
Zhao, Wenxi
[J]. APPLIED ECONOMICS LETTERS, 2023, 30 (16) : 2174 - 2178
[2] A perspective of the misunderstandings on capital operation of state-owned enterprise in China
Cheng, Yanxia
[J]. Wuhan Gongye Daxue Xuebao/Journal of Wuhan University of Technology, 2001, 23 (09): : 102 - 105
[3] Does business strategy of the state-owned enterprise affect the participation of non-state-owned capital?: Empirical evidence from China
Zhao, Xiaoyang
Yu, Su
[J]. MANAGERIAL AND DECISION ECONOMICS, 2024, 45 (02) : 795 - 808
[4] Administrative monopoly and state-owned enterprise innovation: Evidence from the fair competition review system in China
Yang, Xingquan
Zhang, Kexin
Liao, Guanmin
Gao, Pengfei
[J]. INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2024, 95
[5] A Competitive State-Owned Enterprise in China
[J]. China Today, 2000, (07) : 42 - 43
[6] State-owned enterprise reform in China
Huchet, JF
[J]. CHINA JOURNAL, 2003, 50 : 200 - 201
[7] Option Rights Program Innovation in One State-owned Enterprise in China
Qian, Chen
Hao, Yunhong
[J]. 2008 INTERNATIONAL SYMPOSIUM ON INTELLIGENT INFORMATION TECHNOLOGY APPLICATION WORKSHOP: IITA 2008 WORKSHOPS, PROCEEDINGS, 2008, : 910 - 913
[8] Import competition, state-owned enterprise prevalence and employment: Evidence from China
Zhu, Ting
Li, Tan
[J]. WORLD ECONOMY, 2024, 47 (06): : 2515 - 2535
[9] The effects of state ownership on innovation: evidence from the state-owned enterprises reform in China
Zhan, Jinyong
Zhu, Jingci
[J]. APPLIED ECONOMICS, 2021, 53 (01) : 145 - 163
[10] State-owned enterprises shareholders and innovation of private enterprises: Evidence from China
[J]. Jiao, Wenniu (jiaowenniu@163.com), 2025, 140

← 1 2 3 4 5 →