|
Investment and finance platform (A)
|
|
Equity and debt finance (a
1)
|
High-tech enterprises by using equity and debt pledge to finance
|
Berger and Udell (1998), Brown and Petersen (2010), Bystrӧm (2008), Kaivanto and Stoneman (2007), Pretes (2002)
|
|
Listed finance (a
2)
|
Guide and help high-tech companies by using multi-channel and higher efficiency for public finance
|
Berger and Udell (1998), Brown and Petersen (2010), Bystrӧm (2008)
|
|
High-tech microfinance bank (a
3)
|
Establish a lot of bank that can provide high-tech firms microfinance
|
Buckley (1997)
|
|
High-tech corporate finance network (a
4)
|
Set up a finance-related information network platform for high-tech enterprises only, including financing information, financing services, etc
|
Respondents
|
|
Government support funds (a
5)
|
A special fund for high-tech company support by government, and the establishment of a sound and efficient system of support fund, such as high quality fund approval system
|
Cumming (2007)
|
|
Management, tracking and counseling after investment and finance (a
6)
|
Management, tracking and counseling after investment and finance of the debt by government assisting loans
|
Respondents
|
|
Credit rating platform (B)
|
|
High-quality credit rating institutions (b
1)
|
Provide high quality (such as fair, independent and accurate) credit rating private agencies
|
Akdemir and Karsli (2012), Bannier and Hirsch (2010); Hartarska and Nadolnyak (2008)
|
|
Corporate and individual credit basic databases (b
2)
|
Provide business and personal basic information, and loans and guarantees credit information, as well as the databases of the corporate main financial indicators
|
Agier and Szafarz (2013), Avery et al. (2004), Bartoli et al. (2013), Huda (2012), Oreski et al. (2012), Voordeckers and Steijvers (2006), Zhu and Zhang (2012)
|
|
High-tech external rating databases (b
3)
|
Provide high-tech enterprises credit rating databases
|
Chen and Cheng (2013)
|
|
Property appraisal organization (b
4)
|
Appraiser agencies that provide an assessment of the value of the assets, including the assessment of intellectual property rights pledge
|
Muller and Riedl (2002)
|
|
Credit guarantee platform (C)
|
|
High-tech credit guarantee institution (c
1)
|
Widely established the loan guarantee agencies for high-tech enterprises
|
Beck et al. (2005), Crowling (2010), Riding et al. (2001)
|
|
High-tech enterprises credit guarantee funds (c
2)
|
Government set up a high-tech credit guarantee funds to help high-tech enterprises credit guarantee
|
Bartoli et al., (2013), Columba et al. (2010)
|
|
Local government guarantee firm (c
3)
|
Establish high-tech credit guarantee firms of cooperation between the government and financial institutions
|
Honohan (2010)
|
|
Re-guarantee company (c
4)
|
Build re-guarantee companies by government, through re-guarantee company credit enhancement, as well as the diversification of risk of guarantee
|
Respondents
|
|
Subsidy system of high-tech guarantee loss compensation (c
5)
|
Guarantee institutions incurred losses for the credit guarantee of high-tech enterprises, to be compensated by the government guarantee program to a proportion of the actual loss compensation
|
Respondents
|
