风险投资机构专业化与投资绩效——来自中国风险投资业的经验证据被引量：17

Specialization and Performance of Venture Capital Firms——Data From the Chinese Venture Capital Industry

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摘要在对相关专业化投资文献梳理的基础上,进行理论假设,运用CVSource数据库2000年1月1日至2012年12月31日的数据进行回归分析。结果显示,行业专业化和阶段专业化对风险投资机构投资绩效有显著的正向影响。 Even though specialization is considered to be an important element to influence venture capital firms＇perform-ance ,currently ,there are few domestic studies working on specialization and comprehensive analyzing specialization from industry ,stage and geography .This paper discusses the impacts of three different types of specialization ,including industry specialization ,stage specialization and geography specialization ,on Chinese venture capital firms＇performance ,theoretical hypotheses are proposed on the basis of the related literatures ,and regression analysis is conducted by using data from CV Source Database from January 1 of 2000 to December 31 of 2012 .We find that industry specialization and stage specializa-tion exert significantly positive influence on venture capital firms＇performance .

作者党兴华张晨王育晓

机构地区西安理工大学经济与管理学院西安工业大学经济管理学院

出处《科技进步与对策》 CSSCI 北大核心 2014年第12期7-11,共5页 Science & Technology Progress and Policy

基金国家自然科学基金项目(71172201) 陕西省软科学重点项目(2011KRZ08) 陕西省重点学科建设专项资金项目(107-00X901) 陕西省软科学研究计划项目(2013KRM14)

关键词风险投资机构专业化投资投资绩效行业专业化阶段专业化地理区域专业化 Venture Capital Firm Specialization Performance Industry Specialization Stage Specialization Geography Specialization

分类号 F832.4 [经济管理—金融学]

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参考文献18

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