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    Volume 49, Issue 4 (March 2021)

    Special Issue Paper

    Analysis of the Promotion Effect of China’s Financial Venture Capital Development on Innovative Capital

    (Received 24 March 2020; accepted 20 October 2020)

    Published Online: 25 March 2021

    CODEN: JTEVAB

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    Abstract

    Venture capital is a special form of capital supply. The key to the capital improvement of innovative enterprises lies in the organic integration of the two. Aiming at the shortcomings of the financial venture capital method in the promotion of innovative capital, this article first introduces generalized autoregressive conditional heteroskedasticity model to describe the volatility clustering of financial data and then analyzes the promotion analysis effect method (PEAM) method to overcome the estimation error constrained by a genetic algorithm. Parameter estimation of generalized autoregressive conditional heteroskedasticity (GARCH) model is helpful to reduce the model. The empirical analysis of the Shanghai Stock Exchange 50 Index shows that the introduction of the PEAM method can improve the estimation accuracy of financial venture capital. The capital injection of venture capital can effectively change the market allocation and alleviate the financing difficulties of enterprises; the development of the venture capital industry effectively promotes innovation and adds value, optimizes the capital market structure through capital promotion, perfects laws and regulations such as intellectual property protection, protects technological innovation, and promotes the optimization of investment structure.

    Author Information:

    Zhang, Xiao-wen
    Department of Finance in Economics and Management College, Anhui Agricultural University, Hefei,

    Du, Yun-fei
    State Taxation Administration Nanjing Jiangbei New Area Taxation Bureau, Nanjing,

    Zeng, Min
    School of Business, Pingxiang University, Jiangxi,


    Stock #: JTE20200171

    ISSN:0090-3973

    DOI: 10.1520/JTE20200171

    Author
    Title Analysis of the Promotion Effect of China’s Financial Venture Capital Development on Innovative Capital
    Symposium ,
    Committee E60