Policies of promoting entrepreneurship and Angel Investment: Evidence from China

Changhong Li, Yulin Shi, Cong Wu, Zhenyu Wu and Li Zheng

Emerging Markets Review, 2016, vol. 29, issue C, 154-167

Abstract: Using a sample of angel investments in China from 1994 to 2013, we examine effects of government policies that are favorable to start-ups on angel investment. Our findings show that positive effects of these policies on the amounts of angel investments are more significant in provinces with higher economic growth than those in provinces with lower economic growth. Policies that promote entrepreneurship affect the returns from high-amount angel investments more than those from low-amount ones. These findings indicate that such policies help to shape the new venture market in China and guide angel investors in making more efficient investments.

Keywords: Entrepreneurship; Angel investment; Government policy; China (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:29:y:2016:i:c:p:154-167

DOI: 10.1016/j.ememar.2016.08.011

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