Showing 1 - 10 of 2,099
We examine how investor-level tax incentives affect financing for start-ups using the introduction of a generous tax deduction for qualified angel and VC investment in China as a quasi-natural experiment. We find that the tax incentive increases funding for eligible start-ups, with stronger...
Persistent link: https://www.econbiz.de/10014564279
Disruptive innovation often requires new, autonomous entities that are supported by (Corporate) Venture Capital. Although China has become the second-largest Venture Capital (VC) market in the world, knowledge about Chinese CVC remains underdeveloped and lacks academic attention despite its...
Persistent link: https://www.econbiz.de/10014239665
Although the history of China's venture capital (VC) market is relatively short, it has already become the second largest VC market in the world and produced the second largest number of "unicorns" (startups with a valuation over $1 billion) after the US. Despite the remarkable growth of both...
Persistent link: https://www.econbiz.de/10013404036
This paper studies how investing in venture capital (VC) affects the entrepreneurial outcomes of individual limited partners (LPs). Using comprehensive administrative data on entrepreneurial activities and VC fundraising and investments in China, we first document that individual LPs, on...
Persistent link: https://www.econbiz.de/10014437028
Private Equity investors exiting on the Chinese “A Share” markets in Shanghai and Shenzhen are subject to a compulsory 12-month lock-up, during which the sale of shares is prohibited. While this regulation aims to limit speculative investments in pre-IPO companies, it exposes private equity...
Persistent link: https://www.econbiz.de/10013134101
This report gives a summary on different data sources of venture capital and private equity in China. It also provides a roadmap on how to link the different sources to a consolidated database. This is a supplementary report on data collection and consolidation of the paper “Can governments...
Persistent link: https://www.econbiz.de/10012843346
Using the 2017 China Household Finance Survey (CHFS), we estimate the effect of higher education on entrepreneurship … education are less likely to enter entrepreneurship in general, obtaining any qualification beyond the baseline of compulsory …
Persistent link: https://www.econbiz.de/10012517504
Since Chinese government initiated economic reform in the late 1970s, entrepreneurship and private sectors have emerged … gradually and played an increasingly important role in promoting economic growth. However, entrepreneurship is distributed … of entrepreneurship for both manufacturing and services. For both sectors, entrepreneurship (measured by new private …
Persistent link: https://www.econbiz.de/10011737507
an individual’s probability of becoming an entrepreneur. Consistent with the theory of underdog entrepreneurship that … entrepreneurship, we find that spending a higher share of household income on energy consumption or being energy poor increases the … entrepreneurship. …
Persistent link: https://www.econbiz.de/10012596057
We investigate the effect of exposure to air pollution on an individual's likelihood towards entrepreneurship using … panel data in China. To address omitted variable bias and endogeneity arising from self-selection into entrepreneurship and … propensity for entrepreneurship and a 34 percentage points decrease in the likelihood of entrepreneurial diversification. Our …
Persistent link: https://www.econbiz.de/10014315828