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The Equity Gap Amongst Technology-Based Small Firms: Practices and Challenges for Government-Backed Venture Capital in China

Hussain, JG and Li, J and Scott, JM (2017) 'The Equity Gap Amongst Technology-Based Small Firms: Practices and Challenges for Government-Backed Venture Capital in China.' In: Paulet, E and Rowley, C, (eds.) The China Business Model: Originality and Limits. Elsevier, 99 - 117. ISBN 9780081007570

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Abstract

This chapter examines the equity gap faced by technology-based small firms (TBSFs) in China by focusing on government-backed equity initiatives that aim to foster their new technology adoption, innovation, and growth. By evaluating the literature, the chapter attempts to address the dearth of prior studies and thus examine the journey and experience of Chinese TBSFs. Furthermore, the chapter contributes to our understanding of the critical role of government-backed venture capital in attracting private local and international venture capital funds in enabling new Chinese TBSF start-ups to engage in the high-risk, high-reward entrepreneurial process. Overall, our review suggests that private venture capital providers are the predominant formal finance sources for TSBFs, despite the fact that government-backed venture capital funds have increased in size and value as the State aims to support innovative and high-technology firms gain competitive advantage in driving China's continued economic development.

Item Type: Book Section
Uncontrolled Keywords: Equity gap; government-backed venture capital; China; technology-based small firms; venture capital guiding fund
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Management Science and Entrepreneurship Group
Depositing User: Elements
Date Deposited: 05 Sep 2017 13:54
Last Modified: 24 Nov 2017 16:15
URI: http://repository.essex.ac.uk/id/eprint/20319

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