High-tech Industry Financing: Theory, Models, and Innovation

Author: Dai Shugeng
Publisher:
Publish Date: 2005-01-01
Features: This book is one of the volumes in the "Library of 21st Century Development." Following the thread that different financing methods are required to adapt to the varying stages of high-tech industries due to differences in risk, return, and capital needs, it integrates modern financing theory, financial development theory, financial innovation theory, information asymmetry theory, and relevant theories from new institutional economics. It analyzes the intrinsic connection between the development of high-tech industries and the multi-level financing system, systematically elaborating on financing issues in high-tech industries. Based on an in-depth analysis of the problems in the conventional and special financing mechanisms of high-tech industries, as well as an international comparison of financing models in the high-tech sector, it proposes pathways to resolve financing obstacles for China's high-tech industries, as well as countermeasures for establishing a financing system and improving financing mechanisms. Additionally, it explores the selection of financing models for China's high-tech industries.