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Government venture capital leading funds act as fund of funds or gatekeepers with a policy goal to attract private capital financing small and medium enterprises. Compared with that of private venture capital funds, government venture capital leading funds are in an environment with less asymmetric information and therefore their rates of return are less uncertain. With a policy task to induce private...
Small and Medium-sized Enterprises in Liaoning province have played a significant role in the economy. However, financing difficulties plagued the development of small and medium enterprises in Liaoning Province. By analyzing survey of SME financing in Liaoning Province, this paper highlights Government should formulate appropriate fiscal policy to support SMEs, including increasing financial subsidies,...
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