Research on the Role Mechanism of the Government to Promote Investment in Start-ups by Venture Capital

DOI

10.2991/icmesd-18.2018.155How to use a DOI?

Keywords

Venture capital, Investment intention, Role mechanism, Technology-organization-environment theory.

Abstract

At present, the number of investment items and the proportion of the amount of investment in China's venture capital investment to the start-ups are not high, which not only inhibits the enthusiasm of early entrepreneurial activities, but also weakens the cultivation function of venture capital for start-ups. How the government should promote the venture capital enterprises to invest in start-ups has become an important issue in the research of venture capital. Based on the technology-organization-environment theory, this paper constructs the conceptual model. Through the questionnaire survey of venture capital institutions in Zhejiang, Shanghai and Beijing, we carry out calculation and analysis of structural equation model with smartPLS, and verify the hypothesis. The result shows that the government has a positive impact on venture capital's investment intentions by affecting investment funds in the current period of venture capital investment and constructing the information platform.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Wan-Li Ma
AU  - Hao Wu
PY  - 2018/05
DA  - 2018/05
TI  - Research on the Role Mechanism of the Government to Promote Investment in Start-ups by Venture Capital
BT  - Proceedings of the 4th Annual International Conference on Management, Economics and Social Development (ICMESD 2018)
PB  - Atlantis Press
SP  - 902
EP  - 910
SN  - 2352-5428
UR  - https://doi.org/10.2991/icmesd-18.2018.155
DO  - 10.2991/icmesd-18.2018.155
ID  - Ma2018/05
ER  -