Research on Driving Factors of Venture Capital in China: -- Evidence from Provincial Panel Data from 2001 to 2019

Xiaoxiao Zhou; Zhou Zhou; Yilin Li

doi:10.54691/bcpbm.v15i.334

Authors

Xiaoxiao Zhou
Zhou Zhou
Yilin Li

DOI:

https://doi.org/10.54691/bcpbm.v15i.334

Keywords:

Venture Capital; Ordinary Panel Model; Spatial Panel Model; Multiple Matrix.

Abstract

Venture capital is an important factor to promote technological innovation and economic growth. Exploring the influencing factors of venture capital is of great significance to promoting regional high-quality development and enhancing regional comprehensive competitiveness. This paper takes the panel data of various regions in my country from 2001 to 2019 as the research object, and uses the econometric model to study the driving influence factors of venture capital in China. The results show that the level of technological investment, education and government intervention have a significant role in promoting regional venture capital, and environmental regulations have a certain inhibitory effect. Finally, based on the above research conclusions, corresponding suggestions are put forward from the government's perspective.

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