主风险投资机构声誉与联合投资辛迪加规模研究

发布时间：2018-01-23 22:01

本文关键词： 主风险投资机构声誉联合投资辛迪加规模　出处：《科技进步与对策》2012年24期 　论文类型：期刊论文

【摘要】：虽然主风险投资机构在联合投资辛迪加中处于核心地位,但已有研究并未关注主风险投资机构声誉对联合投资辛迪加规模的影响。依据已有研究成果,从理论层面分析了主风险投资机构声誉对联合投资辛迪加规模的影响,并提出两个相互对立的研究假设;运用清科数据库2000年1月1日-2010年12月31日的数据进行统计分析,发现:①主风险投资机构的一般声誉对联合投资辛迪加规模没有显著的影响;②主风险投资机构的行业声誉对联合投资辛迪加规模有显著的负向影响;③主风险投资机构在作为主投资机构方面的声誉对联合投资辛迪加规模有显著的正向影响。
[Abstract]:Although the main venture capital institution is in the core position in the joint investment syndicate, the research has not paid attention to the influence of the reputation of the main venture capital institution on the scale of the joint venture investment syndicate. The influence of the reputation of the main venture capital institution on the scale of syndicate investment is analyzed theoretically, and two opposite research hypotheses are put forward. The data from January 1st 2000 to December 31st 2010 were used for statistical analysis. It is found that the general reputation of the main venture capital institution in 1 has no significant influence on the scale of syndicate investment. (2) the industry reputation of the main venture capital institution has a significant negative impact on the scale of syndicate investment; (3) the reputation of the main venture capital institution as the main investment institution has a significant positive impact on the scale of syndicate investment.
【作者单位】：西安理工大学经济与管理学院;
【基金】：国家自然科学基金项目(71172201) 教育部博士点基金项目(20106118110012) 陕西省软科学重点资助项目(2011KRZ08)
【分类号】：F830.59
【正文快照】： 0引言在金融市场上,声誉是金融中介具有的重要特征之一。在证券发行中,投资银行的声誉会影响其承销证券的市场表现[1-5];在并购活动中,投资银行的声誉会产生财富效应[6];在贷款活动中,商业银行的声誉会对贷款条款产生影响[7]。此外,会计师事务所的声誉会影响其审计对象的市场

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