The determinants of venture capital investment performance in China

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Science Research Management ›› 2012, Vol. 33 ›› Issue (3) : 128-135.

Fan Hongbo

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Abstract

A sample from the years of 1998 to 2005 is selected, the primary determinants of venture capital investment performance are empirically examined by Logit model. The results suggest that the quality of venture has significant influences on the investment performance rather than the experience and network of venture capital. The main way for venture capital to gain the profit is to invest in mature companies and take these companies going public. The venture capital in China has not shown the characteristics of value-added services.

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venture capital / determinant / investment performance / value-added service

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Fan Hongbo. The determinants of venture capital investment performance in China[J]. Science Research Management. 2012, 33(3): 128-135

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