Financing Entrepreneurship and Innovation in China: A Public Policy Perspective

55 Pages Posted: 25 Sep 2018

See all articles by Lin William Cong

Lin William Cong

Cornell University - Samuel Curtis Johnson Graduate School of Management; National Bureau of Economic Research (NBER)

Charles M.C. Lee

Foster School of Business, University of Washington; Stanford University - Graduate School of Business

Yuanyu Qu

University of International Business and Economics (UIBE) - School of Banking and Finance

Tao Shen

Tsinghua University

Date Written: August 20, 2018

Abstract

This study reports on the current state-of-affairs in the funding of entrepreneurship and innovations in China and provides a broad survey of academic findings on the subject. We discuss the implications of these findings for public policies governing the Chinese financial system. In particular, we conclude that regulations governing the initial public offering (IPO) process in China are antiquated and in dire need of reform. We also identify and discuss promising areas for future research.

Suggested Citation

Cong, Lin and Lee, Charles M.C. and Qu, Yuanyu and Shen, Tao, Financing Entrepreneurship and Innovation in China: A Public Policy Perspective (August 20, 2018). Stanford University Graduate School of Business Research Paper No. 18-46, Available at SSRN: https://ssrn.com/abstract=3249278 or http://dx.doi.org/10.2139/ssrn.3249278

Lin Cong

Cornell University - Samuel Curtis Johnson Graduate School of Management ( email )

Ithaca, NY 14853
United States

HOME PAGE: http://www.linwilliamcong.com/

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Charles M.C. Lee (Contact Author)

Foster School of Business, University of Washington ( email )

224 Mackenzie Hall, Box 353200
Seattle, WA 98195-3200
United States

Stanford University - Graduate School of Business

Stanford Graduate School of Business
655 Knight Way
Stanford, CA 94305-5015
United States

Yuanyu Qu

University of International Business and Economics (UIBE) - School of Banking and Finance ( email )

No.10, Huixindong Street
Chaoyang District
Beijing, 100029
China

Tao Shen

Tsinghua University ( email )

Department of Finance
School of Economics and Management
China

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