DocumentCode
1632319
Title
Notice of Retraction
Is venture capital really a catalyst to commercialization? Evidence from China
Author
Li, Jun ; Wang, Yu-Rong ; Zheng, Jian-Ming
Author_Institution
Business School, University of International Business and Economics, Beijing 100029, P. R. China
fYear
2011
Firstpage
1
Lastpage
6
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Using a panel of China provincial areas from 2004–2008, we find that public research funding (R&D) and venture capital have a substitutive relationship in fostering the creation of new firms, and indirectly prove that it could spur innovation instead of public research funding. We also find that the positive relationship between public research funding (R&D) and the creation of new ventures. Our results remain robust to estimation with an instrument variable and lag structure in order to avoid the potential endogeneity issue. We believe that in short term venture capital do not have a complementary relationship in fostering start-ups.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Using a panel of China provincial areas from 2004–2008, we find that public research funding (R&D) and venture capital have a substitutive relationship in fostering the creation of new firms, and indirectly prove that it could spur innovation instead of public research funding. We also find that the positive relationship between public research funding (R&D) and the creation of new ventures. Our results remain robust to estimation with an instrument variable and lag structure in order to avoid the potential endogeneity issue. We believe that in short term venture capital do not have a complementary relationship in fostering start-ups.
Keywords
Commercialization; Companies; Innovation management; Investments; Technological innovation; Venture capital; R&D; commercialization; entrepreneurship; venture capital;
fLanguage
English
Publisher
ieee
Conference_Titel
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location
Shanghai, China
Print_ISBN
978-1-4244-8691-5
Type
conf
DOI
10.1109/ICEBEG.2011.5881535
Filename
5881535
Link To Document