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Doctoral Course Industrial Policy, Entrepreneurial Financing, and Governmental Venture Capital in China
Industrial Policy, Entrepreneurial Financing, and Governmental Venture Capital in China
Instructor: Feilian Xia; South China University of Technology (SCUT), Southern University of Science and Technology (SUSTech).
Abstract
This course delves into the intersection of industrial policy and entrepreneurial financing in China, with a special focus on governmental venture capital as a strategic tool deployed by public authorities to drive innovation, entrepreneurship, and economic growth. It investigates the historical development and modern implementation of China’s industrial policies, the pivotal role of state-backed venture capital in advancing high-tech industries, and the complex dynamics of entrepreneurial ecosystems within this rapidly emerging economy. Through a combination of case studies, policy analysis, and comparative frameworks, students will critically evaluate the achievements, challenges, and global ramifications of China’s approach to industrial and entrepreneurial development. The course is designed to provide students with a robust knowledge base necessary to understand government-led innovation strategies and their transformative impact on economic growth.
Feilian Xia Bio
Dr. Feilian Xia is an Assistant Professor of Financial Management at South China University of Technology. He earned his PhD from Southern University of Science and Technology in China and has also been a visiting PhD student at Université catholique de Louvain. His research interests encompass entrepreneurial finance, financial technology, government venture capital, and digital crowdfunding. His work has been published in Entrepreneurship Theory and Practice, The British Accounting Review, and International Review of Financial Analysis. Additionally, he serves as an anonymous reviewer for several journals, including International Review of Financial Analysis, The British Accounting Review, and Journal of Accounting, Auditing and Finance.
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Informal research seminar by Axelle Dorisse and Diego Barrio Herrezuelo
Hitting the Right Note: The Impact of Lexical Complexity on Initial Coin Offering Success
Diego BARRIO HERREZUELO, Louvain Research Institute in Management and Organizations
James THEWISSEN, Louvain Research Institute in Management and Organizations
Jennifer THEWISSEN, University of Antwerp
Özgür ARSLAN-AYAYDIN, University of Illinois Chicago
Summary
This paper introduces a novel approach to financial textual analysis, focusing on lexical complexity as an informative metric beyond traditional readability measures. Analyzing 1,202 ICO white papers from 2015 to 2021, we find that higher lexical complexity, measured by vocabulary sophistication, density, and diversity, positively influences the amount raised during ICOs. This effect is amplified for more readable white papers and ICOs from countries with lower literacy rates. We also identify potential mechanisms driving these results, linking lexical complexity to increased perceptions of innovation, quality, and reduced information asymmetry. Our findings contribute to entrepreneurial finance literature by demonstrating that the choice of vocabulary significantly enhances the informativeness of financial disclosures, beyond conventional readability metrics.
Keywords: Initial Coin Offerings, White Papers, Lexical Complexity; Readability
The cognitive processes at play in food consumer confusion
Axelle Dorisse, Louvain Research Institute in Management and Organizations
Karine Charry, Louvain Research Institute in Management and Organizations
Béatrice Parguel, CNRS – Université Paris-Dauphine - PSL
Summary
Consumers often encounter overwhelming, conflicting information about food, potentially leading to confusion. However, the mechanisms at play in consumer confusion remain unclear. Using a quantitative study, we therefore investigate how conflicting environmental food labels impact consumer confusion, and any spillover effect (i.e., when confusion related to a product engenders confusion related to other products). We show how cognitive load and skepticism drive consumer confusion, while cognitive dissonance does not, and the existence of a potential spillover effect. As such, we offer insights for consumers, managers, and policymakers and contribute to consumer confusion research.
Keywords: Consumer confusion, information proliferation, cognitive processes
This work is part of Axelle Dorisse’s thesis and is funded by the “entreprendre.wapi” chair in food consumer behaviors, held by Prof. Karine Charry.