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Investor tax breaks and financing for start-ups : evidence from China
Güçeri, İrem; Hou, Xipei; Xing, Jing - 2024
deduction for qualified angel and VC investment in China as a quasi-natural experiment. We find that the tax incentive increases … substitution between eligible and non-eligible investments. There is no evidence that the tax incentive lowers investment quality …
Persistent link: https://www.econbiz.de/10014564279
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The Role of Venture Capital in Listed Companies : Evidence from Mainland China
Sun, Ming - 2009
We empirically examine the role of venture capital in VC-backed listed firms in Mainland China. While previous studies have shown the VC-backed firms are in lower underpricing and better post-IPO operating performance, we find the role of venture capital is complicated. VC-backed firms...
Persistent link: https://www.econbiz.de/10013158171
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The Size of Venture Capital Funds’ Portfolios : Evidence from Mainland China
Sun, Ming - 2009
Through three rounds of total coverage survey on VC funds in Mainland China, we receive 41 VC fund samples. This paper, we empirically test the relation among the size of VC fund portfolios, entrepreneurs' profit share and exogenous factors and find: (1) the portfolio size of a VC fund...
Persistent link: https://www.econbiz.de/10013158172
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Venture Capital Investments in China : Usage of Offshore Financing Structure and Corporate Relocations
Li, Jing - 2018
investment structure to invest in Chinese firms. Although using such structure can be viewed as relocating the financed Chinese …
Persistent link: https://www.econbiz.de/10012940536
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How Do Institutional Factors and Venture Capital Strategies Affect the Performance of VC-backed Companies? Evidence from China
Song, Tianyi; Kutsuna, Kenji - 2021
factors on the economic performance of VC-backed companies is mixed, with different VC investment strategies producing …
Persistent link: https://www.econbiz.de/10013223436
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Social Trust and Corporate Venture Capital : Evidence from China
Zhang, Yue; Zhang, Rao; Guo, Xiaoxu - 2023
Why are established companies gradually starting to introduce corporate venture capital? Where does the courage to venture come from? Using a dataset of corporate venture capital in China for 2006-2018, this paper examines the relation between social trust and corporate venture capital (CVC). We...
Persistent link: https://www.econbiz.de/10014350909
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The Role of Governmental Venture Capital in Value Creation for Investee Firms : Evidence from Chinese Government Guidance Funds
Huang, Xinfei; Zhang, Yue; Zong, Zhe - 2023
We study the role of Chinese government guidance funds (GGFs) in value creation for investee firms. Using a sample of 2,855 firms that went public during the period of 2010-2021, we show that GGF-backed IPO firms had higher initial returns than non-VC-backed IPO firms and non-GGF VC-backed IPO...
Persistent link: https://www.econbiz.de/10014353584
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Why do some Chinese technology firms avoid ChiNext and go public in the US?
Güçbilmez, Ufuk - In: International Review of Financial Analysis 36 (2014) C, pp. 179-194
Some Chinese technology firms prefer to go public on US exchanges despite the launch of ChiNext as a NASDAQ-style board of the Shenzhen Stock Exchange in late 2009. Conventional hypotheses based on sales internationalization and issuing costs fail to explain this preference. Instead, our...
Persistent link: https://www.econbiz.de/10011117754
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The productivity of return migrants : the case of China’s "Sea Turtles"
Sun, Wei - In: IZA journal of migration : IZAJOM 2 (2013), pp. 1-19
This paper explores the productivity differential between return migrants (“Sea Turtles”) and non-migrants through a case study of China’s venture capital (VC) industry. I find that even after correcting for selection bias, return venture capitalists are less productive than comparable...
Persistent link: https://www.econbiz.de/10009758645
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SPACs with focus on China
Shachmurove, Yochanan; Vulanovic, Milos - 2014
SPACs. On the contrary, an investment in the equally weighted portfolio of SPACs with focus on China provides higher … absolute return than an investment in the equally weighted portfolio of other SPACs. This evidence establishes that, on average …, SPACs focused on China are as equally a valid investment choice as any other SPAC. …
Persistent link: https://www.econbiz.de/10010332133