Research on the Generation and Evolution of Venture Capital Markets

Author: Yang Rubing Cai Li
Publisher:
Publish Date: 2003-05-01
Features: In recent years, venture capital has developed rapidly in practice due to its unique investment behavior and its special correlation with the development of high-tech industries. Accompanying this investment behavior is a new form of capital market—the venture capital market, which is a market for equity financing of growth-oriented small and medium-sized enterprises. It evolved from the traditional capital market but also has significant differences from it. As venture capital activities have been emulated by countries other than its birthplace, the venture capital market has emerged in many countries around the world and developed to varying degrees, exhibiting different characteristics. This book seeks to explore the inherent laws underlying the vibrant surface of the venture capital market and, based on mastering these laws, to find a reasonable path for the development of China's venture capital market. This book is a research outcome of the National Natural Science Foundation of China Key Project and the Jilin Province Outstanding Young Talent Project. The research is based on extensive literature and historical facts, holding significant theoretical and practical importance for the venture capital market.