Abstract
Data of government fund raising from 2008 to 2019 is utilized in this study to explore the impact of the marketization degree of government fund operation on the fundraising effect. The research mainly uses multiple regression analysis method. The results show that marketization factors are positively correlated with fundraising scale, fundraising frequency and fundraising efficiency. Besides, further researches also find that the positive effect of market factors is not affected by the level of regional development. These results may provide empirical evidence for the future market-oriented development of government fund and practical suggestions for government fund to survive the “cold winter” of capital.
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Acknowledgements
This work is supported by the Sichuan Soft Science Research Project (No. 2019JDR0345), the Chengdu Soft Science Research Key Project (No. 2017-RK00-00413-ZF), the System Science and Enterprise Development Research Center Project of Sichuan Social Science Key Research Base (No. Xq18B03), and the Central University Fundamental Research Funds for Sichuan University (No. skqy201646).
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Cao, Q., Chen, J., Fu, P., Mao, Y. (2021). Impact of Government Guidance Modes on Fundraising Effects. In: Xu, J., Duca, G., Ahmed, S., García Márquez, F., Hajiyev, A. (eds) Proceedings of the Fourteenth International Conference on Management Science and Engineering Management. ICMSEM 2020. Advances in Intelligent Systems and Computing, vol 1191. Springer, Cham. https://doi.org/10.1007/978-3-030-49889-4_20
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