本文關鍵詞:國有風險投資的投資行為和投資成效,,由筆耕文化傳播整理發(fā)布。
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2014年6期
地理距離如何影響風險資本對新企業(yè)的投資
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摘要
本文基于2004-2012年中小板和創(chuàng)業(yè)板披露的1021個風險資本投資案例,研究地理距離如何影響風險資本對新企業(yè)的投資.研究發(fā)現,與新企業(yè)之間的地理距離越遠,風險資本對新企業(yè)的投資金額越少、投資時間越晚、投資后參與公司治理的可能性越低;企業(yè)規(guī)?梢詼p輕地理距離的負向影響;地理距離對風險資本的投資輪次影響不顯著.風險資本投資明顯存在本地偏好.進一步的檢驗表明,非核心發(fā)達地區(qū)的風險資本和國有風險資本具有更明顯的本地偏好特點,投資受地理距離影響更大.
作者
黃福廣
彭濤
邵艷
Huang Fuguang
Peng Tao
Shao Yan
作者單位
南開大學商學院
刊期
2014年6期
PKU
CSSCI
關鍵詞
地理距離
風險資本
新企業(yè)
本地偏好
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核心發(fā)達地區(qū)和非核心發(fā)達地區(qū)只針對注冊地位于中國大陸的國有風險資本和民營風險資本,不針對注冊地位于境外的外資風險資本.
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本文關鍵詞:國有風險投資的投資行為和投資成效,由筆耕文化傳播整理發(fā)布。
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243818
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