| 政府干预风险投资的有效性:经验证据及启示 |
| |
| 引用本文： | 左志刚.政府干预风险投资的有效性:经验证据及启示[J].财经研究,2011(5):123-133. |
| |
| 作者姓名： | 左志刚 |
| |
| 作者单位： | 广东外语外贸大学财经学院; |
| |
| 基金项目： | 广东省科技计划项目(2010A040103004) |
| |
| 摘 要： | 政府干预风险投资市场是国际上的一种普遍做法,然而就干预的有效性而言目前仍缺乏理论和实证上的明确回答。文章是对该问题的整体性实证研究,即考虑了常见的干预方式并以市场整体有效性为检验标准。基于经合组织国家数据的实证检验表明资金供给型政策没有显著效果,收益改善型政策有显著积极效果,这对调整我国倚重资金供给的政策格局有重要启示。
|
| 关 键 词： | 风险投资 政府干预 有效性 跨国实证检验 |
The Effectiveness of Government Intervention in Venture Capital Market:Empirical Evidence and Its Policy Implications |
| |
| ZUO Zhi-gang.The Effectiveness of Government Intervention in Venture Capital Market:Empirical Evidence and Its Policy Implications[J].The Study of Finance and Economics,2011(5):123-133. |
| |
| Authors: | ZUO Zhi-gang |
| |
| Institution: | ZUO Zhi-gang(School of Finance and Economics,Guangdong University of Foreign Studies,Guangzhou 510006,China) |
| |
| Abstract: | Government intervention in venture capital market is very common,but its effectiveness still lacks theoretically and empirically clear confirmation.This paper makes an integrated empirical study on the effectiveness of government intervention,which takes account of the major intervention measures and takes the overall market effectiveness as a test criterion.The findings based on the data of OPEC countries indicate that funding-provision-based policies have not significant effects,but profit-improvement-bas... |
| |
| Keywords: | venture capital government intervention effeeffectiveness cross-country empirical test |
| 本文献已被 CNKI 等数据库收录！ |
