在“构建市场导向的绿色技术创新体系”的新时代背景下,我们基于2014~2017年中国30个省市的面板数据,构建激励净效应模型、中介效应模型和区域异质性模型,探讨了风险投资对绿色技术创新的影响效应、激励机制以及异质性原因。
Under the new era background of “building market-oriented green technology innovation system”, it is necessary and realistic to scientifically discuss the incentive mechanism and action direction of venture capital on green technology innovation from a regional perspective and study the regional heterogeneity factors of its incentive effect. Based on this, this paper uses panel data of 30 provinces and cities in China from 2014 to 2017 to build incentive net effect model, intermediary effect model and regional heterogeneity model to explore the impact of venture capital on green technology innovation, incentive mechanism and heterogeneity reasons.
References
[1]
Tykvova, T. (2004) Who Are the True Venture Capitalists in Germany? ZEW Discussion Papers.
https://doi.org/10.2139/ssrn.547743
[2]
Caselli, S. and Negri, G. (2018) Private Equity and Venture Capital in Europe: Markets, Techniques, and Deals. Academic Press. https://doi.org/10.1016/B978-0-12-812254-9.00001-2
Kortum, S. and Lerner, J. (2001) Does Venture Capital Spur Innovation? Entrepreneurial Inputs and Outcomes: New Studies of Entrepreneurship in the United States. Emerald Group Publishing Limited, 1-44.
https://doi.org/10.1016/S1048-4736(01)13003-1