Opportunities or risks? Venture capital investments and regional path creation: Evidence from China

被引：0
|
作者：
Sheng, Hantian [1 ]
He, Canfei [1 ,2 ]
He, Dejie [1 ,2 ]
Qi, Fang [3 ]
机构：
[1] Peking Univ, Coll Urban & Environm Sci, Beijing, Peoples R China
[2] Peking Univ, Lincoln Inst, Beijing, Peoples R China
[3] Fosun Capital, Beijing, Peoples R China
来源：
PAPERS IN REGIONAL SCIENCE | 2024年 / 103卷 / 05期
基金：
中国国家自然科学基金;
关键词：
Venture capital; Path creation; Economic resilience; China; EVOLUTIONARY ECONOMIC-GEOGRAPHY; PRODUCT SPACE; RESILIENCE; NETWORKS; INNOVATION; INDUSTRY; FIRMS; EXPECTATIONS; RELATEDNESS; DEPENDENCE;
D O I：
10.1016/j.pirs.2024.100048
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Venture capital, as an expectation of investors, has become an important vehicle for regional financialization. From the perspective of evolutionary economic geography, we figure out that venture capital investments in China significantly contribute to regional product expansion. Such a positive effect is not only concentrated in the core cities in the investment network but also benefits the periphery counterparts. However, venture capital investments may not completely break the path lock-in of left-behind regions to enhance their economic resilience. In this sense, the uneven geographic development led by venture capital should raise the awareness of policymakers and planners.
引用
收藏
页数：14
相关论文
共 50 条
  • [41] Venture capital investment and the performance of entrepreneurial firms: Evidence from China
    Guo, Di
    Jiang, Kun
    JOURNAL OF CORPORATE FINANCE, 2013, 22 : 375 - 395
  • [42] The size of venture capital funds' portfolios: evidence from Mainland China
    Sun, Ming
    Fang, Sihai
    PROCEEDINGS OF THE THIRD INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND ENGINEERING MANAGEMENT, 2009, : 369 - 373
  • [43] The role of venture capital in listed companies: evidence from Mainland China
    Sun, Ming
    Fang, Sihai
    PROCEEDINGS OF THE THIRD INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND ENGINEERING MANAGEMENT, 2009, : 467 - 472
  • [44] Can venture capital trigger innovation? New evidence from China
    Ni, He
    Luan, Tianhong
    Cao, Yu
    Finlay, Donald C.
    INTERNATIONAL JOURNAL OF TECHNOLOGY MANAGEMENT, 2014, 65 (1-4) : 189 - 214
  • [45] Is it worth it? The rates of return from informal venture capital investments
    Mason, CM
    Harrison, RT
    JOURNAL OF BUSINESS VENTURING, 2002, 17 (03) : 211 - 236
  • [46] The impact of big tech corporate venture capital investments on innovation: Evidence from the equity investment market
    Gao, Tingfan
    Wang, Shixun
    Chen, Baizhu
    Yang, Lihong
    CHINA ECONOMIC REVIEW, 2024, 83
  • [47] The Effects of Public Venture Capital Investments on Corporate Governance: Evidence From IPO Firms in Emerging Markets
    Chen, Jengfang
    Liao, Woody M.
    Lu, Chiachi
    ABACUS-A JOURNAL OF ACCOUNTING FINANCE AND BUSINESS STUDIES, 2012, 48 (01): : 86 - 103
  • [48] The effect of trade secret legal protection on venture capital investments: Evidence from the inevitable disclosure doctrine
    Castellaneta, Francesco
    Conti, Raffaele
    Veloso, Francisco M.
    Kemeny, Carlos A.
    JOURNAL OF BUSINESS VENTURING, 2016, 31 (05) : 524 - 541
  • [49] The impact of economic integration on cross-border venture capital investments: Evidence from the European Union
    Alhorr, Hadi S.
    Moore, Curt B.
    Payne, G. Tyge
    ENTREPRENEURSHIP THEORY AND PRACTICE, 2008, 32 (05) : 897 - 917
  • [50] Navigating Political Hazard Risks and Legal System Quality: Venture Capital Investments in Latin America
    Khoury, Theodore A.
    Junkunc, Marc
    Mingo, Santiago
    JOURNAL OF MANAGEMENT, 2015, 41 (03) : 808 - 840
12345