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The four articles in this special section focuses on ways in which venture capitalists bring their ideas or new products to the marketplace. Universities, capital venture firms, and corporations alike are increasingly organizing to more explicitly play to their own strengths when it comes to bringing new ideas to market. What launches in a university or garage or incubator now has a better chance...
Economic modeling of distributed generation (DG) systems has become an important area of research with the modern push towards greener and more sustainable electricity generation practices as any proposal without a solid business case is bound to flounder with the state of the global economy. This paper assessed the state-of-the-art in DG economic modeling and based on this developed a model to determine...
Benefit estimation is one of the most important parts of feasibility study of investment projects. In order to make a solid business justification in investment, the management team always quantified the benefit from the projects. Current industrial approach to estimate benefit of advanced process control (APC) is based on the conventional estimation techniques, namely, statistical analysis and payback...
This paper used life cycle theory to analyze that in the different stages of development, high-tech SMEs carry on the reasonable allocation of resources to develop an appropriate R & D strategy and marketing strategy, ensuring the technical innovation ability and market ability common harmonious development.
In recent years, real estate enterprises with influential power in Chinese real estate industry have started to invest in the construction of the hotel. Compared with other hotels, hotel under real estate enterprises has some advantages, but it is constrained by the real estate group, and it has some development problems. In order to promote hotels under the real estate enterprises to develop better,...
It has been more than 10 years since China's entry in the WTO. WTO accession has effectively stimulated the innovation and technology upgrading of China by the enlargement of trade, foreign investment and other effects. Reviewing the linkages between the enlargement of trade (investment) and innovation, we come to the conclusion that the status of China's big export country was the result of innovation,...
Fractal Market Hypothesis (FMH) was originated in 1960s and formulated in 1990s. As one of the forward theories in mathematical finance, FMH has offered a new prospect and methodology for the nonlinear dynamical capital market. This paper tentatively analyzes the cross-development between EMH and FMH, as well as the application and tendency of FMH. We firstly clarificate that FMH is not a substitution...
This paper selects more mature companies which are listed in Shanghai and Shenzhen stocks in Hubei Province as a sample and examines the factors affecting the size of the Chinese enterprises by using panel data of three annual reports from 2008 to 2010. The author measures the firm size by total assets and finds that the size of the company is related to the company performance and innovation investment...
Based on the original Feder model, we present a generalized model including the time-lag effect of spillovers and competition mechanism of FDI. Using panel data for 31 provinces in China over the period from 1999 to 2010, we find the competition mechanism have been established between domestic-funded and foreign-invested corporations gradually, which shows the fruit of ``exchanging technology with...
We develop the incentive mechanism for providing the interregional public goods under asymmetric information. On the basis of Laffont and Martimort, we not only showed how the information asymmetry influences the efficiency of cooperation through the budget balance, incentive constrictions and participation restrictions, but also develop the idea that the Central Government can organize the interregional...
Based on the analysis of the related issues of the public projects in the environmental perspective of social responsibility, this paper studies the public projects' Stakeholders. According to the difference of the value interests the stakeholders of public projects chase in the environment of social responsibility, this paper classifies the public project stakeholders as a three-game alliance side...
Based on the theory of National Innovation System (NIS), the development history of China's indigenous innovation is separated into five stages from 1949 to 2011. In-depth analysis is taken to explore the international and political environment, innovation resources and participants of innovation activities. And then several basic elements for indigenous innovation are extracted. These basic factors...
The R&D spillover effects of three industries 1997–2002 in China was analyzed with Erik Dietzenbacher method. The results showed that the R&D spillover of three industries mainly passed from the tertiary industry to three industries. Strengthening the contributor effect of the tertiary industry among three industries is the main direction of the government policy. The policy of increasing...
The Russian government has initiated various programs over the last two decades to stimulate the development and commercialization of new technologies in the country. Each subsequent program was intended to address the requirements of its current economic context and to learn from the lessons of previous programs, the most recent of these efforts being the “Skolkovo” program. In this paper we examine...
Existing governance theories offer contrasting views on the potential effect that controlling owners have on a firm's innovation investment decisions: the stewardship perspective suggests a positive influence, whereas the principal-principal (PP) conflict perspective posits a negative influence. In this study, we attempt to reconcile these views. We propose that business group affiliation determines...
FDI is more heaped up on space comparing with other modes of production, gathering together is the end-result of the great majority of overseas-funded enterprises. By building up an oligopoly output competition model consists of multinational enterprises and the host state enterprises, this paper analyzes the location choice behavior of direct investments from multinational enterprises and the mechanism...
In this paper we develop an auction mechanism that is designed for a local energy market. It is aimed at enabling regional trading of ancillary services, but can also be used for administering negotiation processes in virtual power plants or microgrids. It takes into account that bidders are non-professionals and provides incentives for investments in distributed generation technologies. A wider spread...
Electricity transmission infrastructure has a fundamental role in the process of integrating national electricity markets in Europe to a single market. Transmission expansion takes place within institutional frameworks that sets the conditions for expansions. So far, most of the transmission business has been organised under the centralised and regulated transmission system operators (TSOs). This...
Universities around the country are working in a challenging fiscal environment to find ways to make college affordable while increasing educational quality, outcomes, and accessibility.
When investing mining projects, we often cannot make an accurate judgment of the investing project's risk degree because there are too many influential risk factors, with different kinds of uncertainties at the same time. To solve this problem, Monte Carlo simulation method is an effective way. It can be accomplished by computer software with enough times of sampling process. The analysis of the output...
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