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Financing new ventures in China: System antecedents and institutionalization

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  • White, Steven
  • Gao, Jian
  • Zhang, Wei

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  • White, Steven & Gao, Jian & Zhang, Wei, 2005. "Financing new ventures in China: System antecedents and institutionalization," Research Policy, Elsevier, vol. 34(6), pages 894-913, August.
    • Handle: RePEc:eee:respol:v:34:y:2005:i:6:p:894-913
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    References listed on IDEAS

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    1. Steven White & Xielin Liu, 2001. "Transition Trajectories for Market Structure and Firm Strategy in China," Journal of Management Studies, Wiley Blackwell, vol. 38(1), pages 103-124, January.
    2. William L. Megginson, 2004. "Toward A Global Model Of Venture Capital?," Journal of Applied Corporate Finance, Morgan Stanley, vol. 16(1), pages 89-107, January.
    3. Amit, Raphael & Brander, James & Zott, Christoph, 1998. "Why do venture capital firms exist? theory and canadian evidence," Journal of Business Venturing, Elsevier, vol. 13(6), pages 441-466, November.
    4. Sapienza, Harry J. & Manigart, Sophie & Vermeir, Wim, 1996. "Venture capitalist governance and value added in four countries," Journal of Business Venturing, Elsevier, vol. 11(6), pages 439-469, November.
    5. Anthony Bartzokas & Sunil Mani (ed.), 2004. "Financial Systems, Corporate Investment in Innovation, and Venture Capital," Books, Edward Elgar Publishing, number 3089.
    6. Liu, Xielin & White, Steven, 2001. "Comparing innovation systems: a framework and application to China's transitional context," Research Policy, Elsevier, vol. 30(7), pages 1091-1114, August.
    7. Black, Bernard S. & Gilson, Ronald J., 1998. "Venture capital and the structure of capital markets: banks versus stock markets," Journal of Financial Economics, Elsevier, vol. 47(3), pages 243-277, March.
    8. Jeng, Leslie A. & Wells, Philippe C., 2000. "The determinants of venture capital funding: evidence across countries," Journal of Corporate Finance, Elsevier, vol. 6(3), pages 241-289, September.
    9. Steinfeld,Edward S., 1998. "Forging Reform in China," Cambridge Books, Cambridge University Press, number 9780521633352.
    10. White, Steven & Liu, Xielin, 1998. "Organizational processes to meet new performance criteria: Chinese pharmaceutical firms in transition," Research Policy, Elsevier, vol. 27(4), pages 369-383, August.
    11. Rugman, Alan M. & Brewer, Thomas L. (ed.), 2001. "The Oxford Handbook of International Business," OUP Catalogue, Oxford University Press, number 9780199241828, Decembrie.
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    Cited by:

    1. Fenghua Pan & Bofei Yang, 2019. "Financial development and the geographies of startup cities: evidence from China," Small Business Economics, Springer, vol. 52(3), pages 743-758, March.
    2. Jun Zhang, 2011. "The Spatial Dynamics of Globalizing Venture Capital in China," Environment and Planning A, , vol. 43(7), pages 1562-1580, July.
    3. David Ahlstrom & Garry Bruton & Kuang Yeh, 2007. "Venture capital in China: Past, present, and future," Asia Pacific Journal of Management, Springer, vol. 24(3), pages 247-268, September.
    4. Güçbilmez, Ufuk, 2015. "IPO waves in China and Hong Kong," International Review of Financial Analysis, Elsevier, vol. 40(C), pages 14-26.
    5. Zhang, Wei & White, Steven, 2016. "Overcoming the liability of newness: Entrepreneurial action and the emergence of China's private solar photovoltaic firms," Research Policy, Elsevier, vol. 45(3), pages 604-617.
    6. Conlé, Marcus, 2010. "Health biotechnology in China: National, regional, and sectoral dimensions," Working Papers on East Asian Studies 87/2010, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    7. Haitian Lu & Yi Tan & Hong Huang, 2013. "Why do venture capital firms exist: An institution-based rent-seeking perspective and Chinese evidence," Asia Pacific Journal of Management, Springer, vol. 30(3), pages 921-936, September.
    8. Toby Stuart & Yanbo Wang, 2016. "Who cooks the books in China, and does it pay? Evidence from private, high‐technology firms," Strategic Management Journal, Wiley Blackwell, vol. 37(13), pages 2658-2676, December.
    9. Tsu Lung Chou & Chia-Ho Ching & Shu-min Fan & Jung-Ying Chang, 2011. "Global Linkages, the Chinese High-tech Community and Industrial Cluster Development," Urban Studies, Urban Studies Journal Limited, vol. 48(14), pages 3019-3042, November.
    10. Elisabeth S.C. Berger & Andreas Köhn, 2020. "Exploring the differences in early-stage start-up valuation across countries: an institutional perspective," International Entrepreneurship and Management Journal, Springer, vol. 16(1), pages 327-344, March.
    11. Douglas Fuller, 2010. "How law, politics and transnational networks affect technology entrepreneurship: Explaining divergent venture capital investing strategies in China," Asia Pacific Journal of Management, Springer, vol. 27(3), pages 445-459, September.
    12. Sun, Sunny Li & Chen, Victor Z. & Sunny, Sanwar A. & Chen, Jie, 2019. "Venture capital as an innovation ecosystem engineer in an emerging market," International Business Review, Elsevier, vol. 28(5), pages 1-1.
    13. Yi Tan & Xiaoli Wang, 2016. "Investigating the Motivations of VC Syndication in China --- Do Chinese Leading VC Firms Make a Difference in Terms of Syndication Decisions," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(6), pages 1-78, June.
    14. Zhang, Jiamin & Gu, Qian, 2021. "Turning a curse into a blessing: Contingent effects of geographic distance on startup–VC partnership performance," Journal of Business Venturing, Elsevier, vol. 36(4).
    15. Jun Zhang, 2011. "Related Variety, Global Connectivity and Institutional Embeddedness: Internet Development in Beijing and Shanghai Compared," Papers in Evolutionary Economic Geography (PEEG) 1110, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jun 2011.
    16. Musibau Akintunde Ajagbe & Joshua Olusola Olujobi & Anthony Akwawa Uduimoh & Lawrence Uchenna Okoye & Adunola Oluremi Oke, 2016. "Technology Based Entrepreneurship Financing. Lessons for Nigeria," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 6(1), pages 150-163, January.
    17. Hsu, David H. & Hsu, Po-Hsuan & Zhao, Qifeng, 2021. "Rich on paper? Chinese firms’ academic publications, patents, and market value," Research Policy, Elsevier, vol. 50(9).
    18. Martin Hemmert & Adam R. Cross & Ying Cheng & Jae-Jin Kim & Masahiro Kotosaka & Franz Waldenberger & Leven J. Zheng, 2022. "New venture entrepreneurship and context in East Asia: a systematic literature review," Asian Business & Management, Palgrave Macmillan, vol. 21(5), pages 831-865, November.
    19. Jia, Ning & Wang, Dan, 2017. "Skin in the game: General partner capital commitment, investment behavior and venture capital fund performance," Journal of Corporate Finance, Elsevier, vol. 47(C), pages 110-130.
    20. Wenying Fu & Javier Revilla Diez & Daniel Schiller, 2017. "Determinants of Networking Practices in the Chinese Transition Context: Empirical Insights from the Pearl River Delta," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 108(2), pages 205-219, April.
    21. Martin Wielemaker & Eric Gedajlovic, 2011. "Governance and capabilities: Asia’s entrepreneurial performance and stock of venture forms," Asia Pacific Journal of Management, Springer, vol. 28(1), pages 157-185, March.
    22. Wang, Yanbo & Li, Jizhen & Furman, Jeffrey L., 2017. "Firm performance and state innovation funding: Evidence from China’s innofund program," Research Policy, Elsevier, vol. 46(6), pages 1142-1161.
    23. Conlé, Marcus & Taube, Markus, 2010. "Anatomy of cluster development in China: The case of health biotech clusters," Working Papers on East Asian Studies 84/2010, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    24. Güçbilmez, Ufuk, 2014. "Why do some Chinese technology firms avoid ChiNext and go public in the US?," International Review of Financial Analysis, Elsevier, vol. 36(C), pages 179-194.

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