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地理距离如何影响风险资本对新企业的投资

发布时间:2017-02-18 14:49

  本文关键词:国有风险投资的投资行为和投资成效,,由笔耕文化传播整理发布。


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地理距离如何影响风险资本对新企业的投资

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  • 摘要

    本文基于2004-2012年中小板和创业板披露的1021个风险资本投资案例,研究地理距离如何影响风险资本对新企业的投资.研究发现,与新企业之间的地理距离越远,风险资本对新企业的投资金额越少、投资时间越晚、投资后参与公司治理的可能性越低;企业规模可以减轻地理距离的负向影响;地理距离对风险资本的投资轮次影响不显著.风险资本投资明显存在本地偏好.进一步的检验表明,非核心发达地区的风险资本和国有风险资本具有更明显的本地偏好特点,投资受地理距离影响更大.

  • 作者

    黄福广  彭涛  邵艳  Huang Fuguang  Peng Tao  Shao Yan 

  • 作者单位

    南开大学商学院

  • 刊期

    2014年6期 PKU CSSCI

  • 关键词

    地理距离  风险资本  新企业  本地偏好 

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      本文关键词:国有风险投资的投资行为和投资成效,由笔耕文化传播整理发布。



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