Simulation Study on the Influential Effect of Venture Capital Decision-making Behavior’s Influencing Factors

Abstract

Based on MOTAD model and research data of 605 investment projects of 156 venture capital investment institutes in Zhejiang Province, China, during 2009~2011, this paper simulates investment decision-making behaviors and changes in different scenarios, reveals the influence effect of influence factor such as size of fund and tax changes on their investment decision-making behaviors, and further uncovers internal mechanism reflected by investment decision-making behaviors of venture capital investment institutes. At last, the paper combines with simulation conclusion and brings forward relevant policy suggestions.