政府风险投资：挤入还是挤出？
发布时间：2026-03-03
3月
06
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时间和日期
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2026-03-06 (星期五) 10:30 上午
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12:00 下午
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| 标题 | 政府风险投资：挤入还是挤出？ |
| 日期和时间 | 2026年3月6日（周五） 10:30-12:00 |
| 地点 | 综合教学楼D804会议室 |
| 主讲人 | Vincenzo Quadrini教授 南加州大学 |
| 摘要 | We study how government venture capital (GVC) investment affects the financial and investment decisions of funded firms using firm-level data from a large commercial bank in China. We find that GVC funding is associated with higher bank borrowing and real investment for funded firms (crowding in rather than crowding out). We do not find the same results for private venture capital (PVC) investment. Another finding is that GVC investments spill over to firms that do not receive venture capital investment but are connected to the funded firms through their supply chain network. |
| 主讲人简介 | Vincenzo Quadrini现任南加州大学金融学与商业经济学教授，并担任工商管理詹姆斯·麦克纳尔·斯坦希尔讲席教授。他的研究领域主要包括国际经济学、创业经济学以及金融契约，其研究成果发表于 American Economic Review、Journal of Political Economy、Review of Economic Studies 等国际知名学术期刊。 |
