Hi-tech start-ups: legitimacy challenges and funding dynamics

Studies on the legitimacy challenges faced by hi-tech start-ups are still scarce, leaving room for research, and policymaking debate. Legitimacy issues may become difficult to face for hi-tech firms in comparison with other start-ups, because they work in an extreme environment where the technological challenges are at the edge of the scientific possibility. The paper proposes a conceptual model to grasp the relevance of three legitimacy drivers of the hi-tech start-ups for investment decisions. We investigated the ability of 30 hi-tech start-up firms to obtain financial resources from the US investors, employing a set-theoretic approach and carried out fuzzy-set Qualitative Comparative Analysis. Our findings clarify that the funding decisions of US investors are driven by the location of headquarter and R&D of hi-tech start-ups and by the educational experience of the founders. Our study has significant theoretical, practical, and policymaking implications.     

成都四大物流园区错位发展研究

物流园区工商业态的不同而产生的不同的物流需求,再加上交通条件和运输方式的差别,使物流园区在功能上具有不同类型.成都市四大物流园区具有不同的工商业基础和交通条件,应发挥各自的区位优势,进行正确的功能定位,以错位发展实现互补共赢.     

政治体制上端改革:反腐败斗争的迫切需要

我国的反腐败已经进入了一个特殊的高原期,能否实现政治体制上端的重大改革,是决定中国反腐败能否实现突破的关键。政治体制上端改革要坚持三个不动摇、发展党内民主、完善人民代表大会制度和改革政党制度,可以建立"廉洁岛"式的政治特区。     

The best way of bilateral special economic zone to Sino-Vietnam economic cooperation

The Bilateral Special Economic Zones is a new idea about economic co-operation ways. It is going to be set by both countries with a common boundary for promoting the economic co-operation between two sides. It can be firstly set along the boundary between China and Vietnam. It will promote the economic co-operation between them, but China and ASEAN. It can be set along the Chinese boundary with the neighboring countries and will promote the economic co-operation between the both sides for setting up a better environment around China.     

风险投资问题研究

作为高新技术的推进器 ,风险投资在我国的发展相当迅速。然而 ,在发展过程中暴露出了一系列的问题。如何认识和解决这些问题 ,不仅关系到风险投资在我国的进一步发展 ,也直接关系到我国高新技术和产业的发展 ,进而影响中国经济的快速发展。     

汇率波动模型与人民币汇率调整新趋势

文章对四种汇率波动模型进行简要介绍与说明,指出中国渐进式的改革和开放决定了入世后人民币汇率的制度调整也应是渐进式的,现阶段人民币汇率制度的选择应实行目标区汇率制。     

论中日韩自由贸易区建立的制约因素

建立中日韩自由贸易区，既符合经济全球化与区域经济一体化迅猛发展的时代潮流，也是打破东北亚区域经济合作难以取得实质性进展的可行途径。但它的建立需要经历一个复杂而又充满挑战的过程，这主要是由于中日韩三国不仅在政治、经济方面存在着差异与差距，并且在开放各自敏感产业部门上也面临着巨大困难。美国的态度也将产生重要的影响。     

工业园区的物流建设

通过对我国工业园区的介绍,按物流活动特点对工业园区进行分类;介绍了我国工业园区的物流状况并提出提高园区物流水平的建议。     

从隆福寺变迁看城市商圈规划

通过隆福寺从繁华到萧条以至今日的逐步向高端发展的变迁过程反映了其商圈规划的缺陷和问题,从中分析了城市发展中商圈规划的基本原则及其注意事项。     

泉州发展现代物流业的合理布局规划研究

分析了泉州物流业的发展现状和需求中存在的问题，阐述了泉州发展现代物流业的要点，提出了泉州发展现代物流业的对策措施。