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Gradual market development reforms and venture capital strategy adjustments: Evidence based on industrial chain innovation and development

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  • Ren, Yu
  • Liu, Xiongfei
  • Zhang, YuLong
  • Zhu, Yi

Abstract

This study explores the relationship between gradual market development reforms and venture capital strategy, focusing on the mediation of industrial chain innovation. The results indicate that market development reforms significantly facilitate the strategic adjustment of venture capital. Moreover, industrial chain innovation is an important mediator between market reforms and venture capital strategies. Heterogeneity analysis revealed that the significant reform effects in the eastern regions highlight regional differences, ushering in-depth reforms and capital allocation.

Suggested Citation

  • Ren, Yu & Liu, Xiongfei & Zhang, YuLong & Zhu, Yi, 2024. "Gradual market development reforms and venture capital strategy adjustments: Evidence based on industrial chain innovation and development," Finance Research Letters, Elsevier, vol. 68(C).
    • Handle: RePEc:eee:finlet:v:68:y:2024:i:c:s1544612324009966
    DOI: 10.1016/j.frl.2024.105966
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