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- W2361709968 abstract "In the course of transforming technology achievements,there is asymmetric information between high-tech firms and investors.Asymmetric information can lead up to adverse selection and moral hazard.The adverse selection and moral hazard make high-tech firms be confronted with financial obstacle.The paper has studied how asymmetric information influenced financing of high-tech firms in the course of the transforming technology achievements,and proved that institutional investors in private equity market would overcome asymmetric information,meet fund requirement of high-tech firms." @default.
- W2361709968 created "2016-06-24" @default.
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- W2361709968 date "2007-01-01" @default.
- W2361709968 modified "2023-09-24" @default.
- W2361709968 title "Study on Financing in Transforming Technology Achievements of High-Tech Firms and Institutional Investors under Asymmetric Information" @default.
- W2361709968 hasPublicationYear "2007" @default.
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