Venture Capital, Patents and Innovation
发布日期:2013-04-12主 题:Venture Capital, Patents and Innovation
主讲人:Xundong Yin,球探篮球比分,竞彩足球比分公共财政与政策研究院助理教授。山东大学经济学学士、北京大学中国经济研究中心经济学硕士,2012年获得法国Toulouse School of Economics经济学博士。研究成果曾在CEPR Conference on Applied Industrial Organization等会议演讲。
摘 要: This paper provides a new channel through which venture capital promote starts-ups in the sense that by gaining a private benefit from start-up financing without patent protection, the venture capital is more willing to finance entrepreneur at the beginning than other investors. Based on a double moral hazard model, we find that comparing to the non-VC investors, the willingness to invest is higher for venture capitalists, it mitigates the credit constraints of entrepreneur and thus facilitate the startup of entrepreneur and foster their productive innovation activities.
时 间:2013年4月16日星期二16:00-17:30
地 点:学术会堂608
主办单位:人力资本与劳动经济研究中心
[编辑]:孙颖