Venture capital and entrepreneurship: a conceptual model and research suggestions

Wentao Gu (), Xuzheng Qian and Junpeng Lu
Additional contact information
Wentao Gu: Zhejiang Gongshang University
Xuzheng Qian: Zhejiang Gongshang University
Junpeng Lu: Zhejiang Gongshang University

International Entrepreneurship and Management Journal, 2018, vol. 14, issue 1, No 4, 35-50

Abstract: Abstract This paper discusses the relationship between entrepreneurship, as an important factor to enhance the competitiveness of enterprises, and venture capital (VC) in the context of China which has an emerging and immature market with high proportion of state-owned capital, imperfect legal system, inexperienced investors, and wrong market orientation. According to the exsisting literature and the development of Chinese VC industry, the conceptual framework we propose has five main elements: characteristics of VC, contextual issues in China, the meaning of the entrepreneurship, influence mechanism, and outcomes, including the change of entrepreneurship at individual and firm level as well as region and industry level. In addition to taking into account the selection preference of VC, two-sided moral hazard problem, and the special situation of Chinese market, the authers provide three suggestions for further empirical research to identify the effect of VC more precisely.

Keywords: Venture capital; Entrepreneurship; Chinese market (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

Downloads: (external link)
http://link.springer.com/10.1007/s11365-017-0463-6 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:intemj:v:14:y:2018:i:1:d:10.1007_s11365-017-0463-6

Ordering information: This journal article can be ordered from
http://www.springer. ... urship/journal/11365

DOI: 10.1007/s11365-017-0463-6

Access Statistics for this article

International Entrepreneurship and Management Journal is currently edited by Salvador Roig

More articles in International Entrepreneurship and Management Journal from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().