Development Of Venture Capital Industry Research Articles

Research on the Goals, Principles, and Implementation Paths of Strengthening Labor Education for College Students in the New Era

In the process of strengthening labor education for college students in the new era, it is necessary to clarify the relevant components of labor education. After determining the goals, principles, and paths of labor education, it can better promote university labor education to update concepts, improve cognition, and improve management mechanisms, ultimately striving to create the best atmosphere for campus labor education. In the new era of university education, by promoting the spirit of labor, we guide college students to advocate labor and recognize the importance of labor. Therefore, universities have put forward new requirements and tasks for labor education. Through labor education, we cultivate college students to establish correct labor values and provide a solid talent guarantee for achieving the great rejuvenation of the Chinese nation. With the continuous development of China's economy, venture capital has gradually developed in China since the 1990s. Venture capital can not only promote a country's economic growth, but also play an important role in increasing employment. However, due to the late start, rapid development, short time and insufficient experience of China's venture capital industry, many problems have emerged in its development, which has seriously hindered the progress of China's venture capital industry. This paper summarizes and analyzes the problems in the development of venture capital industry, draws on the successful experience of some western developed countries in venture capital, and puts forward corresponding solutions. In order to promote the development and improvement of China's venture capital industry and enhance the competitiveness of venture capital companies.

Limitations and Innovative Directions of Asset Pricing Theory Applied to Venture Capital

All aspects of the world today have undergone tremendous changes due to the rise in economic capacity and technology, and the impact on venture capital and technological innovation is particularly evident. The rise of venture capital has facilitated technological innovation and made it a key driver of economic development in the world today. The rapid growth of venture capital and technology industries has brought the advantages of economic value to the forefront, but, as the actual situation in venture capital activities cannot be accurately controlled, which leads to some inevitable inapplicability in the application of asset pricing theory. Based on this, this paper takes asset pricing theory and venture capital as the main object of research, analyzes some limitations of asset pricing theory in venture capital, and points out the innovative direction to achieve better development of venture capital. Here, we hope that the research of this paper can contribute to the healthy development of venture capital industry.

Evaluation of Development Index of China’s VC Industry Based on Weight Optimization Algorithm and TOPSIS

After more than 20 years of rapid growth in China’s venture capital industry, huge market development potential and boost by the digital wave have made China one of the most attractive venture capital markets in the world. At present, most of the measurement and evaluation of the development level of China’s venture capital industry are qualitative evaluations and few quantitative evaluations, and the evaluation indicators are unitary. It is difficult to comprehensively measure the development status of the entire venture capital industry. This paper constructs a comprehensive evaluation model of China’s venture capital industry development index to reflect the development status of the entire industry, while dynamically tracking its future development trends. In the index system of China’s venture capital industry development index model, there are a total of ten indicators in three aspects: total, structural, and performance dimension. The calculation results are obtained by subjective and objective weighting target planning algorithm, and the final score evaluated by TOPSIS model is indexed. In this way, the development curve of China’s venture capital industry from 2006 to 2016 is obtained. Judging from the results reflected in the model conclusions, the index can better reflect the current development trend and problems faced by China’s venture capital industry.

The Strategy Research on the Venture Capital Promoting the “Four New” Economy in Shanghai

China's economy has steped intonew normal, innovation-driven development has entered into a new phase, Four economic development has become an important starting point for economic transformation and upgrading ,which includes rt new technology, new industry, new format and new business mode.How to accelerate the development of venture capital industry to implement economic linkageof venture capital and Four is an important measure to boost economic transformation and upgrading of Shanghai. Based on the current situation of investment in Shanghai and the development of Four economy, this paper puts forward the key areas and main problems of venture capital to promote the Four New economy, and finally gives practical policy recommendations.

Coproducing Venture Capital in Complex Institutional Environments: Evidence from Southern Africa

How does coproduction between public and private actors contribute to the emergence of new industries in complex institutional environments? This exploratory study of one new industry--venture capital (VC)--in two settings--South Africa and Botswana--led to the following propositions regarding this question. Our case evidence suggests that, in these institutional settings, private sector fund managers and government investors are more likely to coproduce VC than in economies with simpler formal and informal institutions. In order for coproduction to occur, however, governmental structures and processes must display both integrity and synergy with private fund managers. Governments must also be sufficiently motivated to donate the social capital necessary for coproduction. The implications of this alternative story of VC industry development are explored and a research agenda elaborated.

Evolution of the Venture Capital Financing for Growing Small and Medium Enterprises in Central and Eastern Europe Countries: The Case of Macedonia

The objective of this paper is to examine and analyze the differences between Venture Capital development in Macedonia and several Central and Eastern Europe countries, to determine the reasons, and hence extract certain conclusions that will serve as a guideline in Macedonia’s venture capital industry development. Venture capital is an important intermediary in financial markets, providing capital to firms who otherwise have difficulties attracting financial support. Moreover, venture capital funds provide managerial expertise to the company they are investing in, and have impact on the overall economy through innovation, job creation, economic growth, increased competition and improved corporate governance. Private equity and Venture capital funds are present for over 20 years in Central and Eastern Europe. The institutional investors evaluate the individual countries’ attractiveness to identify the best investment opportunities for their asset allocation. On the basis of the performed analysis in this paper regarding the PE/VC fundraising and investment activities, conducted interviews, and Country Attractiveness Index (including the economic activities, depth of capital market, taxation, investor protection and corporate governance, human and social environment and entrepreneurial culture and opportunities), Macedonian small and medium size enterprises are obviously not on the PE/VC investors` map, according to the small amount of their investments up to now.

The influence of capital market laws and initial public offering (IPO) process on venture capital

This paper is concerned with the influence of capital market laws and initial public offering (IPO) process on venture capital. It discusses the impact of US federal state laws and Securities and Exchange Commission (SEC) regulations to the venture capital markets, arguing if the rules and regulatories are burdensome to entrepreneurs and new-growth businesses. The impact of Sarbanes-Oxley Act and the future Investment Act on venture capital funds and entrepreneurial companies going public are also discussed. The paper proposes the model of venture capital financing describing the process from fund raising to investment exits, the linkages of the venture capital market to the financial/capital markets and the related capital market laws. The policy implications on SEC regulations essential to the development of venture capital industry are suggested.

Financing innovative businesses through venture capital

There is a clear implication of conceptualising the problems in managing innovations that firms which have limited finance may not be able to invest in research and development (R&D) activities. As a result, there is a growing search for capital among entrepreneurial ventures. This paper reviews the financial system of financing innovations in Thailand. The study draws on successful implementation of venture capital (VC) funding mechanisms of Technologie-Beteiligungs-Gesellschaft (tbg) in Germany and OSEO Anvar in France for the application to the case of Thailand. The paper seeks to identify and model the policy measures that would assist the development of venture capital industry in Thailand. The paper argues that the Thai Government should take up more risky role to draw venture capital investment to the economy.

The Development of Venture Capital Industry and the Role of Government in Korea: Venture Boom vs. Post-boom

The Development of Venture Capital Industry and the Role of Government in Korea: Venture Boom vs. Post-boom

How the capital market laws affect the development of venture capital industry

Given that the stock market is essential for the venture capitalists to exit through an initial public offering (IPO), this study explores how the laws and regulations governing the capital markets affect the venture capital industry. The paper discusses the impact of US federal state laws and Securities and Exchange Commission (SEC) regulations to the venture capital markets, arguing if the rules and regulatories are burdensome to entrepreneurs and new‐growth businesses. The impact of Sarbanes‐Oxley Act and the future Investment Act on venture capital funds and entrepreneurial companies going public are also discussed. The paper proposes the model of venture capital financing describing the process from fund raising to investment exits, the linkages of the venture capital market to the financial/capital markets and the related capital market laws. The policy implications on SEC regulations essential to the development of venture capital industry are suggested.