企业风险投资外文文献翻译小企业精编.doc

企业风险投资外文文献翻译小企业精编.doc企业风险投资外文文献翻译(含:英文原文及中文译文)文献出处:[J].SocialScienceElectronicPublishing,-,deepprescreeningprocessshouldbeperformedbeforeinvestinginsmall,start-upbusinessbecauseoftheinformationasymmetries,'ssetoff. ,paniedwiththeprocessofvalue-panywithmonitoring,skills,expertise,helpand,basically,,: VentureCapital,SmallBusiness,Entrepreneurship,,,(OECD,2004)and,assuch,ittriggerscreatinginnovativesmallfirms,whichinturnaddhuge“blocks”petitiveness(Pandeyetal,2003).But,ontheotherhand,becauseofthehighstart-upriskandinformationalinconsistency,smallfirmsareoftenhighlyvulnerable(BergerandUdell,2002)andfacewithaharshfinancingissuesduetotheinvestors’refusalto“feed”theearlystagebusiness(GansandStern,2003).Inotherwords,“theproblemisthatonceyouhavebledyourfriendsandfamilydryofcash,soldthecatandremortgagedthehouse,wheredoyougoinordertogetthewadofcashneededtoprogressyourget-richideafurther?”(Reynolds,2000,).,economistsagreethatventurecapital“provide[s]aboostofadrenaline”(O'Brien,2001,)forsmallstart-up,innovativeanddynamicfirms,especiallyinthehigh-techind