政府创业投资是中央或地方各级政府管理或支持的风险投资基金对创业企业进行的股权投资,旨在推动创新创业活动、服务地方经济发展。广义上,政府为推动创业投资发展而颁布的支持性政策也纳入政府创投的范畴。随着“补改投”政策的实施,政府创业投资实践快速发展,并成为创业投资生态系统中的重要角色。本文在阐述政府创投内涵及特征的基础上,按照“作用机制→影响效应←边界条件”的整合性分析框架,围绕政府创投的影响效应、作用机制和边界条件三个部分进行述评,提炼出政府创投发挥效应的一般规律。未来的研究拓展需要关注政府创投的跨层次影响效应、政府创投与其他类型创投的联合投资效应、影响效应的边界条件以及中国情境下的政府创投等。通过梳理政府创投效应的理论机制和实践效应,为推动政府创投的实践发展提供经验证据。
政府创业投资:内涵特征、影响效应与未来展望
摘要
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引用本文
邵悦, 陈侠飞. 政府创业投资:内涵特征、影响效应与未来展望[J]. 外国经济与管理, 2024, 46(1): 108-122.
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