• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>OECD Papers >VENTURE CAPITAL: TRENDS AND POLICY RECOMMENDATIONS
【24h】

VENTURE CAPITAL: TRENDS AND POLICY RECOMMENDATIONS

机译：风险投资：趋势和政策建议

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

The OECD Growth Project recommended increasing access to high-risk finance to stimulate firm creation and entrepreneurship, one of the main drivers of growth and productivity performance (OECD, 2001). However, countries have had varied success in channelling funds, particularly venture capital, to early-stage firms in high-growth sectors. On the supply side, this may be due to a lack of funds, risk-adverse attitudes and/or the absence of an equity investment culture. On the demand side, there may not be a sufficient pool of entrepreneurs and investment-ready small firms. Countries need to first determine where financing gaps exist and assess all possible supply and demand factors which may be contributing to market failures in terms of access to venture capital. The United States has the oldest and one of the largest venture capital markets in the OECD. Not only does the United States have an entrepreneurial and risk-taking culture, small firms have benefited from a continuum of venture finance provided by business angels, private funds and public equity schemes. But US venture funding, as in most other OECD countries, has suffered from the recent global downturn in technology and financial markets. The United States and other OECD countries need to re-evaluate and redirect government venture capital initiatives to assure their continuing contributions as market conditions change. And as the market becomes more global, countries need to enhance their ties to international venture capital flows, which are a source of both finance and expertise. Peer reviews of ten OECD countries have provided insights into effective policy approaches in the venture capital area, although these will need to be tailored to specific national economic and financial contexts. Entrepreneurship policies which are complementary to venture capital initiatives are essential to assuring sufficient demand for financing. The constraints faced by young firms with rapid growth potential could be different from those of small firms in general. A broader support structure is needed to ensure that small innovative firms have access to technology development and transfer programmes, high-skilled labour, and international markets.
机译：经合组织增长项目建议增加获得高风险融资的机会，以刺激公司的创立和创业，这是增长和生产力表现的主要驱动力之一（经合组织，2001年）。但是，各国在将资金（尤其是风险资本）分配给高增长部门的早期公司方面取得了不同的成功。在供应方面，这可能是由于缺乏资金，对风险的态度和/或缺乏股权投资文化。在需求方面，可能没有足够的企业家和可投资小企业。各国首先需要确定哪里存在资金缺口，并评估所有可能的供求因素，这些因素可能会导致在获得风险资本方面导致市场失灵。在经合组织中，美国拥有最古老的也是最大的风险投资市场之一。美国不仅具有企业家精神和冒险精神，而且小企业也受益于商业天使，私人基金和公共股权计划提供的连续风险投资。但是，与其他大多数经合组织国家一样，美国的风险投资也遭受了全球技术和金融市场近期下滑的困扰。美国和其他OECD国家需要重新评估和重新定向政府的风险投资计划，以确保其在市场条件变化时的持续贡献。随着市场变得更加全球化，各国需要加强与国际风险资本流动的联系，而国际风险资本是金融和专业知识的来源。对十个经合组织国家的同行评审提供了对风险投资领域有效政策方法的见识，尽管这些方法需要针对特定​​的国家经济和金融环境进行调整。与风险投资计划相辅相成的创业政策对于确保充足的融资需求至关重要。具有快速增长潜力的年轻公司所面临的约束可能与小公司总体上不同。需要更广泛的支持结构，以确保小型创新公司能够获得技术开发和转让计划，高技能劳动力和国际市场。

著录项

  • 来源
    《OECD Papers》 |2004年第10期|p.365.1-365.29|共29页
  • 作者

  • 作者单位
  • 收录信息
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类 f;
  • 关键词

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号