Incremental marketization reforms and venture capital strategy adjustments: Based on industrial chain innovation development

Yu Ren, Xiongfei Liu and Yi Zhu

Finance Research Letters, 2024, vol. 70, issue C

Abstract: Marketization reforms are essential for ensuring long-term development. This paper examines the effect and mechanisms of marketization reforms on venture capital strategy adjustments using panel data from 31 provinces in China from 2010 to 2022. The study finds that marketization reforms have increased the level of venture capital primarily by enhancing industrial chain innovation and reducing tax burdens. Based on the findings, recommendations are proposed to deepen marketization reforms and advance venture capital strategy adjustments in China.

Keywords: Marketization reforms; Venture capital; Industrial chain innovation (search for similar items in EconPapers)
JEL-codes: G24 O32 P31 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:70:y:2024:i:c:s1544612324013758

DOI: 10.1016/j.frl.2024.106346

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