The size of venture capital funds' portfolios: evidence from Mainland China

被引：0
|
作者：
Sun, Ming [1 ]
Fang, Sihai [1 ]
机构：
[1] Univ Elect Sci & Technol China, Sch Management & Econ, Chengdu 610054, Peoples R China
来源：
PROCEEDINGS OF THE THIRD INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND ENGINEERING MANAGEMENT | 2009年
关键词：
venture capital; portfolio size; Mainland China; financial applications; economic analysis;
D O I：
暂无
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
Through three rounds of total coverage survey on VC funds registered in Mainland China, we receive 41 VC fund samples. This paper, we empirically test the relation among the size of VC fund portfolios, entrepreneurs' profit share and exogenous factors and find: (1) the portfolio size of a VC fund significantly varies non-monotonically with entrepreneurs' profit share, the number of venture firms is fist increasing when entrepreneurs' profit share is low and then decreasing when it is high; (2) entrepreneurs' profit share is significantly positive related with the number of venture firms in a VC fund; (3) government-sponsored VCs invest more venture firms but retain less profit share in a venture firm.
引用
收藏
页码：369 / 373
页数：5
相关论文
共 50 条
  • [21] From venture capital towards venture firm innovation performance: evidence from SMEs of China
    Ma, Yanran
    Cai, Jianfeng
    Wang, Yiqi
    Sahibzada, Umar Farooq
    [J]. JOURNAL OF INTELLIGENT & FUZZY SYSTEMS, 2021, 40 (04) : 8109 - 8115
  • [22] A survey-based study of venture capital governance in mainland China
    Zhang, W
    Jiang, YF
    Chen, YG
    [J]. MANAGEMENT OF TECHNOLOGY AND INNOVATION IN THE 21ST CENTURY, PROCEEDINGS, 2002, : 371 - 375
  • [23] Determinants of Investment Timing of Government Venture Capital Guiding Funds in China
    Cui, Jing
    Zhang, Shuqin
    Yin, Xianan
    Xu, Kun
    [J]. DISCRETE DYNAMICS IN NATURE AND SOCIETY, 2021, 2021
  • [24] Venture capital funds and the role of governments to improve these funds
    Erturk, Hakan
    Sayilgan, Guven
    [J]. ISTANBUL UNIVERSITY JOURNAL OF THE SCHOOL OF BUSINESS, 2014, 43 (02): : 293 - 318
  • [25] The role of foreign and domestic venture capital in innovation: evidence from China
    Que, Jiangjing
    Zhang, Xueyong
    [J]. ACCOUNTING AND FINANCE, 2020, 60 : 1077 - 1110
  • [26] The monitoring role of venture capital on controllers' tunneling: Evidence from China
    Lin, Nan
    Liu, Chengyi
    Chen, Sicen
    Pan, Jianping
    Zhang, Pengdong
    [J]. INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2022, 82
  • [27] Investment in venture capital funds in Europe
    Barnes, Simon
    Menzies, Vanessa
    [J]. ENTREPRENEURSHIP AND THE FINANCIAL COMMUNITY: STARTING UP AND GROWING NEW BUSINESSES, 2007, : 3 - 15
  • [28] Venture Capital Funds: Regulation and Evolution
    Vermeulen, Erik P. M.
    Nunes, Diogo Pereira Dias
    [J]. EUROPEAN COMPANY LAW, 2012, 9 (06): : 311 - 318
  • [29] The dynamics of network communities and venture capital performance: Evidence from China
    Xue Chaokai
    Jiang Ping
    Dang Xinghua
    [J]. FINANCE RESEARCH LETTERS, 2019, 28 : 6 - 10
  • [30] The impact of venture capital on the digital industry development: evidence from China
    Li, Yan
    Zhu, Qina
    Mao, Fengfu
    [J]. ASIAN-PACIFIC ECONOMIC LITERATURE, 2024, 38 (01) : 93 - 109
12345