Research on the Influence and Mechanism of Venture Capital on Financing Constraints of Small and Medium-sized Enterprises—Empirical Analysis from the Perspective of Economic Environment Stability

GUANG-QIANG HAN, LI-NA XU

Abstract


In this paper, from the perspective of the economic environment stability analysis of the risk investment to gen, small and medium enterprises financing constraints, the influence of the empirical results show that the participation of risk investment, stability of the economic environment can effectively relieve the small and medium-sized enterprise financing constraints, and the higher the risk investment holdings, companies face a lower degree of financing constraints. When the economic environment tends to be stable, the participation of venture capital can effectively alleviate corporate financing constraints.

Keywords


Venture Capital, Financing Constraints, Economic Environment StabilityText


DOI
10.12783/dtem/icem2019/31238

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