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Incremental marketization reforms and venture capital strategy adjustments: Based on industrial chain innovation development

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  • Ren, Yu
  • Liu, Xiongfei
  • Zhu, Yi

Abstract

Marketization reforms are essential for ensuring long-term development. This paper examines the effect and mechanisms of marketization reforms on venture capital strategy adjustments using panel data from 31 provinces in China from 2010 to 2022. The study finds that marketization reforms have increased the level of venture capital primarily by enhancing industrial chain innovation and reducing tax burdens. Based on the findings, recommendations are proposed to deepen marketization reforms and advance venture capital strategy adjustments in China.

Suggested Citation

  • Ren, Yu & Liu, Xiongfei & Zhu, Yi, 2024. "Incremental marketization reforms and venture capital strategy adjustments: Based on industrial chain innovation development," Finance Research Letters, Elsevier, vol. 70(C).
    • Handle: RePEc:eee:finlet:v:70:y:2024:i:c:s1544612324013758
    DOI: 10.1016/j.frl.2024.106346
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    More about this item

    Keywords

    Marketization reforms; Venture capital; Industrial chain innovation;
    All these keywords.

    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

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