The Staged Financing Selection Mechanism for Government to Maximize the Green Benefits of Start-Ups

Table 1

Summary of notations.

	Receive government support
	Venture capitalists who solely pursue monetary income
	Venture capitalists who pursue strategic objectives and monetary income
	Amount of capital
	The probability of venture investments occurrence
	The value of asset of the start-up in the case of success
	The value of asset of the start-up in the case of failure
	The net impact of enterprises on SIs’ own assets
	Amount of homogeneous strategic investors with complementary function if
	Amount of homogeneous strategic investors with substituted function if
	Amount of homogeneous VIs
	Amount of capital invested of each investor
	Equity ratio
	The elasticity coefficient of capital output
	The factor of labor production
	The monitoring intensity
	The maximum influence of monitoring intensity on the output value of the green start-up
	The cost of monitoring
	The tax rate for green start-ups
	The net profit
	The green product sales growth subsides
	The sale quantity
	The fixed cost of the green product
	The unit variable cost
	The variable cost of the green product
	The retail price of the green product
	The tax refund rate of green product