Title :
The growth of the HTBF backed venture capital
Author :
Yi Chao-hui ; Wu Mao-qun
Author_Institution :
Sch. of Bus., Hunan Agric. Univ., Changsha, China
Abstract :
Compared with the big enterprise and the mature enterprise, the high technology-based firm (HTBF) lacks the innovation capabilities and restricts the fast and sustainable growth. Lacking the support of exterior financial capital is an important reason. Under the mature market conditions, HTBF depends upon the good operation of venture capital(VC) and the support of capital market for obtaining the power of innovation, but at present this is only an ideal plan in China, where lacks the effective system security and market environment. Therefore, the paper mainly analyzes the growth characteristics of HTBF backed venture capital, thereby proposing an interaction mechanism between venture capital and HTBF.
Keywords :
innovation management; venture capital; China; capital market; exterior financial capital; high technology-based firm; innovation; system security; venture capital; Chaos; Environmental economics; Government; Investments; Paper technology; Power generation economics; Power system security; Silicon; Technological innovation; Venture capital; HTBF´s growth; the government; venture capital;
Conference_Titel :
Industrial Engineering and Engineering Management, 2009. IE&EM '09. 16th International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-1-4244-3671-2
Electronic_ISBN :
978-1-4244-3672-9
DOI :
10.1109/ICIEEM.2009.5344232
