Chen, Chunfa; Li, Kun; Tang, Yingkai - In: Chinese Economy 42 (2009) 6, pp. 45-65
This paper aims to analyze the mobilization efficiency of venture capital (VC) in China. It has been found that the dearth of venture capitalists, absence of appropriate exit channels, and lack of open, active, mature, and stable equity-driven capital markets result in low mobilization...