本文專門針對中國互聯(lián)網(wǎng)行業(yè)風(fēng)險與私募投資策略進(jìn)行研究,注重于如何發(fā)現(xiàn)早期的潛在成功投資機(jī)會。在此,本文做出了以下的核心貢獻(xiàn):首先,在對國內(nèi)外關(guān)于識別企業(yè)成功與失敗影響因素及其分析框架研究文獻(xiàn)綜述的基礎(chǔ)上,結(jié)合對中國互聯(lián)網(wǎng)行業(yè)的研究,提出針對中國互聯(lián)網(wǎng)行業(yè)初創(chuàng)企業(yè)影響因素的理論模型,并以該模型作為基礎(chǔ)來展開相應(yīng)的研究。影響互聯(lián)網(wǎng)企業(yè)的發(fā)展是多方面的:內(nèi)部層面主要包括企業(yè)內(nèi)部的戰(zhàn)略、組織、文化、產(chǎn)品、以及作為領(lǐng)導(dǎo)團(tuán)隊核心人物同時也是整個企業(yè)的精神領(lǐng)袖的企業(yè)創(chuàng)始人。外部層面包括企業(yè)所在的整體環(huán)境,從宏觀經(jīng)濟(jì)到基礎(chǔ)設(shè)施、政策體系、技術(shù)發(fā)展水平、以及人才資源。企業(yè)的各個方面,從發(fā)展戰(zhàn)略到日常運(yùn)行都受到外部環(huán)境的制約。研發(fā)的產(chǎn)品最終的戰(zhàn)略選擇與推廣方式取決于產(chǎn)品目標(biāo)市場的結(jié)構(gòu)與潛力。同時,對于互聯(lián)網(wǎng)初創(chuàng)企業(yè),投資方具有至關(guān)重要的位置。原因在于很多互聯(lián)網(wǎng)企業(yè)在開始階段除了團(tuán)隊和產(chǎn)品概念之外,還沒有盈利能力。在這情況下,投資方不僅為企業(yè)提供資金讓企業(yè)能正常運(yùn)行,還提供人脈網(wǎng)絡(luò)幫助企業(yè)找到更好的合作伙伴與發(fā)展渠道.現(xiàn)有研究所提出的模型主要針對傳統(tǒng)行業(yè),同時專注于企業(yè)某個具體方面,缺乏全面性和以及各方面之... 

【文章來源】：北京交通大學(xué)北京市 211工程院校 教育部直屬院校

【文章頁數(shù)】：198 頁

【學(xué)位級別】：博士

【文章目錄】：
ACKNOWLEDGEMENTS
ABSTRACT
摘要
1 Introduction
    1.1 Research Motivation
        1.1.1 Significance of Chinese Internet Market
        1.1.2 The Need for Financing in the Chinese Internet Market
        1.1.3 Supportive Policies from Government
    1.2 Research Objectives
    1.3 Research Value
        1.3.1 Theoretical Value
        1.3.2 Practical Value
        1.3.3 Novelty
    1.4 Research Methodologies and Organization
        1.4.1 Research Methodology
        1.4.2 Research Organization
2 Literature Review
    2.1 Definitions and Terms
        2.1.1 Venture Capital
        2.1.2 Private Equity
        2.1.3 On the Difference between Venture Capital and Private Equity
        2.1.4 Investment Process
    2.2 Theoretical Basis
        2.2.1 Porter’s Value Chain
        2.2.2 Structural Holes
        2.2.3 A proposed Framework for Startup Success Factors
        2.2.4 The Central Role of Serial Entrepreneur Experience
    2.3 Existing Research
        2.3.1 Research about Venture Capital and Private Equity
        2.3.2 Venture Capital and Private Equity in China
        2.3.3 Chinese Internet Industry
        2.3.4 Statistical Approaches towards Success
        2.3.5 Serial Entrepreneurship and the Persistence of Success
3 VC&PE Environment in China’s Internet Industry
    3.1 Chinese Investment Environment and Impacts on Venture Capital and Private Equity– a PESTLE View
        3.1.1 China Economic Environment and Financial Markets
        3.1.2 Investment Regulations and Impacts
        3.1.3 Socio– Cultural Diversification
        3.1.4 Development of Technology and Infrastructure
    3.2 China’s Internet Industry:A SCP View
        3.2.1 Overview of Chinese Internet Industry
        3.2.2 Structure of Chinese Internet Industry
        3.2.3 Conduct of Chinese Internet Industry
        3.2.4 Performance of Chinese Internet Industry
    3.3 Comparing Venture Backed Chinese Internet Industry Investments to Traditional Investments
        3.3.1 Characteristics of Technology Investments Compared to Low-tech Investments
        3.3.2 Specific challenges in the Chinese internet industry
4 Towards a Predictive Model for Startup Success
    4.1 Research Question and Structure
    4.2 Towards a Model for Determining Success Factors
        4.2.1 Linear Regression
        4.2.2 Logistic Regression
        4.2.3 Decision Trees
        4.2.4 Support Vector Machine
        4.2.5 Neural Network
        4.2.6 Model Selection
    4.3 Success Factor Candidates
        4.3.1 Headstart:Being the First in The Market
        4.3.2 Location:Tier1 City
        4.3.3 Platforms and Ecosystems:The Ability to Scale
        4.3.4 Market Fragmentation
        4.3.5 Relationships:First Investor as Top Investment Funds
        4.3.6 Relationships:Acquisition or Investment by BAT
        4.3.7 Time to First Investment
        4.3.8 Founder Background:Returnees
        4.3.9 Founder Background:Serial Founders
        4.3.10 Founder Background:Education Level
        4.3.11 Founder Background:University Ranking
        4.3.12 Founder Background:Work Experience
        4.3.13 Founder Background:Age when founding
        4.3.14 Founder Background:Gender
    4.4 Analysis of Success Factors and Predictive Model
        4.4.1 Dataset and Descriptive Statistics
        4.4.2 Logistic Regression and Odds of Success
        4.4.3 Comparison of Prediction Models
5 Entrepreneurial Experience and Success Persistence
    5.1 Serial Entrepreneurship and the Performance of Start-ups
    5.2 Reseach Hypothesis
        5.2.1 Impact of Previous Founding Experience on Subsequent Start-up Performance
        5.2.2 Impact of Previous Industry Experience on the Performance of Subsequent Ventures
        5.2.3 Impact of Previous Founding Experience on Fund-raising
    5.3 Regression Model and Data
        5.3.1 Regression Model
        5.3.2 Research data
    5.4 Regression Results
        5.4.1 Impact of Previous Founding Experience on Subsequent Start-up Performance
        5.4.2 Impact of Previous Industry Experience on Performance
        5.4.3 Impact of Previous Founding Experience on Fund-raising
    5.5 Persistence of Success:Conclusion
6 Recommendations and Conclusion
    6.1 Findings
    6.2 Policy Recommendations
        6.2.1 For Investors
        6.2.2 For Entrepreneurs
        6.2.3 For Regulatory Bodies
    6.3 Future Research
References
Author Introduction and Publications
學(xué)位論文數(shù)據(jù)集



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