nach oben

Erschienen in:

2023 | OriginalPaper | Buchkapitel

Accelerating Urban Green Economic Growth Through Government Guidance Funds: Case Study of a National Green Finance Pilot City

verfasst von : Yanan Xue, Hongdi Wang, Qing Yang

Erschienen in: Proceedings of the 27th International Symposium on Advancement of Construction Management and Real Estate

Verlag: Springer Nature Singapore

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

The profound and lasting influence of Covid-19 and the global consensus of carbon peaking and carbon neutrality is reforming the underlying logic of economic development, and the green economy will become a new engine of economic growth in the future. Government guiding funds (GGF), as a policy tool in guiding industrial development, are playing an important role in stimulating low-carbon green economy growth in China. GGF is another approach different from PPP to harness the collective efforts of public and private sectors, in order to transform the industrial chain, innovation chain and value chain of the urban economy and improve economic resilience. A green GGF selects and financially invests the green startups in the market-oriented approach, yet under the government guidance and regulations, and it will withdraw from the investment when the green business fails or provides sufficient return. Taking the national green finance pilot city of Quzhou in Zhejiang Province as the case, this study adopted documentary analysis and semi-structured interview to identify the operation mechanism, strengths, and weaknesses of government guidance funds in developing green industries and improving urban economic resilience. Based on the experiences and lessons from the case study, some policy suggestions are provided for the improvement of government guidance funds in other regions in promoting green economy development.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 390 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Maschinenbau + Werkstoffe

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Vorheriges Kapitel Measurement of Carbon Emission Rebound Effect of Construction Industry Based on Technological Progress

Nächstes Kapitel Analysis on the Critical Node of the Chengdu-Chongqing Economic Circle Based on the Expressway Network

Paton, D., Johnston, D.: Disasters and communities: vulnerability, resilience and preparedness. Disaster Prev. Manag. Int. J. 10(4), 270–277 (2001)CrossRef

Xu, J., Yu, L., Gupta, R.: Evaluating the performance of the government venture capital guiding fund using the intuitionistic fuzzy analytic hierarchy process. Sustainability 12(17), 6908 (2020)CrossRef

Bin, Z.: Research on the construction and weighting of performance evaluation indexes of government venture capital guiding funds. Pioneering Sci. Technol. Mon. 33(7), 10 (2020)

Qin, Z.W.: Investing in the economic resilience of megacities. Reg. Econ. Rev. 6, 9–11 (2020). (in Chinese)

Colombo, M.G., Cumming, D.J., Vismara, S.: Governmental venture capital for innovative young firms. J. Technol. Transf. 41(1), 10–24 (2014). https://doi.org/10.1007/s10961-014-9380-9CrossRef

Montmartin, B., Herrera, M.: Internal and external effects of R&D subsidies and fiscal incentives: empirical evidence using spatial dynamic panel models. Res. Policy: J. Devoted Res. Policy Res. Manag. Plan. 44(5), 1065–1079 (2015)CrossRef

Sorenson, O., Audia, P.G.: The social structure of entrepreneurial activity: geographic concentration of footwear production in the United States. Am. J. Sociol. 106(2), 424–462 (2000)CrossRef

Li, H.J., Bao, X.Y.: The empirical research on the performance of venture capital guidance fund abroad. Soft Science (2012). (in Chinese)

Li, H.J.: Research on the performance evaluation index system of government-oriented venture capital guiding funds. Sci. Technol. Manag. Res. 30(15), 45–49 (2010). (in Chinese)

Wang, Z., Mu, Z.: The research overview of venture analysis and performance evaluation of the government emerging industry venture capital guide fund. In: 2016 International Symposium on Advances in Electrical, Electronics and Computer Engineering, pp. 60–63. Atlantis Press (2016)

Alperovych, Y., Hübner, G., Lobet, F.: How does governmental versus private venture capital backing affect a firm’s efficiency? Evidence from Belgium. J. Bus. Ventur. 30(4), 508–525 (2015)CrossRef

Breschi, S., Johnstone, N., Menon, C.: Are start-ups funded by public venture capital different? New cross-country evidence from micro-data. Ind. Corporate Change 30, 1615–1632 (2021)CrossRef

Cumming, D.: Government policy towards entrepreneurial finance: innovation investment funds. J. Bus. Ventur. 22(2), 193–235 (2007)CrossRef

Dong, J., Zhang, H., Zhou, Y.: Research on the performance evaluation of government venture capital guiding fund based on DEA cluster. In: Fifth Symposium of Risk Analysis and Risk Management in Western China (WRARM 2017) (2017)

Dong, W., Li, Y., Lv, X., et al.: How does venture capital spur the innovation of environmentally friendly firms? Evidence from China. Energy Econ. 103, 105582 (2021). https://doi.org/10.1016/j.eneco.2021.105582CrossRef

Lerner, J.: Boom and bust in the venture capital industry and the impact on innovation. Econ. Rev. (2002)

Lerner, J.: The future of public efforts to boost entrepreneurship and venture capital. Small Bus. Econ. 35(3), 255–264 (2010)CrossRef

Liu, C.X., Liu, H.T., Meng, Z.H.: Research on performance evaluation of government venture capital guiding fund participation funds. Shanghai Financ. (10), 61–65+39 (2015). https://doi.org/10.13910/j.cnki.shjr.2015.10.009. (in Chinese)

Liu, Q.S., Zhao, T.J.: Construction of performance evaluation index system for government-guided funds. Financ. Account. (06), 54–57 (2020). (in Chinese)

Liu, X., Sun, B., Dong, L.V., et al.: Optimization of the performance evaluation index system for government-guiding funds in China. Tianjin Science & Technology (2018)

Luukkonen, T., Deschryvere, M., Bertoni, F.: The value added by government venture capital funds compared with independent venture capital funds. Post-Print (2013)

Lv, H.J., Chen, Y.: Construction of performance evaluation system of government-guided funds in Henan Province. Investment Entrepreneurship 32(05), 14–16 (2021). (in Chinese)

Pan, F., Zhang, F., Wu, F.: State-led financialization in China: the case of the government-guided investment fund. China Q. 1–24 (2020)

Qiu, B.X.: Future cities and resilient design principles. Chin. Soc. Sci. Digest 3, 156 (2021). (in Chinese)

Shan, K.J.: An analysis of the operation of China’s green development fund. Financ. Theory Pract. (11), 4 (2018). (in Chinese)

Sohn, D.W., Kim, H.J., Hur, W.: Effect of venture capital and government support on the performance of venture firms in Korea. Asian J. Technol. Innov. 20(2), 309–322 (2012)CrossRef

Suchard, J.A., Humphery-Jenner, M., Cao, X.: Government ownership and Venture Capital in China. J. Bank. Finance 129, 106164 (2021)CrossRef

Tang, X.: The construction of performance evaluation system of government venture capital guiding funds–a study based on the combination of principal component and hierarchical analysis. Contemp. Econ. (10), 34–39 (2021). (in Chinese)

Tao, X.D.: Resilient cities: connotation perception, international experience and Chinese strategies. Frontiers (11), 79–89 (2022)

Tian, J.J.: Performance evaluation system of government-guided fund: a case study of strategic emerging industries. J. Eastern Liaoning Univ. (Soc. Sci.) (2018). (in Chinese)

Tu, Q.Y., Su, N., Tao, X.D.: International Urban Development Report (2022). (in Chinese)

UNEP SEI, IISD. Negotiating Adaptation: International issues of Equity and Finance. Copenhagen Discussion Series, Paper 3 (2009)

Xiang, Y., Ma, X., Lu, J.: Study on the performance assessment of government venture investment guidance fund based on the improved IFAHP. Public Financ. Res. (2018). (in Chinese)

Yi, J.J., Sun, T.Z., Lu, Y.X.: Research on the performance evaluation of Henan government venture capital guidance fund. Chin. Foreign Entrepreneurs (25), 81–82 (2017). (in Chinese)

Titel: Accelerating Urban Green Economic Growth Through Government Guidance Funds: Case Study of a National Green Finance Pilot City
verfasst von: Yanan Xue
Hongdi Wang
Qing Yang
Verlag: Springer Nature Singapore
Buch: Proceedings of the 27th International Symposium on Advancement of Construction Management and Real Estate
Print ISBN: 978-981-9936-25-0

Electronic ISBN: 978-981-9936-26-7

Copyright-Jahr: 2023
DOI: https://doi.org/10.1007/978-981-99-3626-7_83

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Technik"

Springer Professional "Wirtschaft"