期刊文献+

认证、监控及市场权力——风险投资在IPO中功能的研究进展 被引量:3

Certification,Screening & Monitoring,and Market Power——the Development in the Research of the Functions of Venture Capital in IPO
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摘要 IPO是风险投资的重要退出渠道,风险投资与IPO市场密切相关,并对IPO产生显著影响,因此关于风险投资在IPO中的功能一直是热点研究问题。以风险投资在IPO中具有三大功能(即认证功能、监控功能和市场权力)为主线,组织梳理相关文献以揭示风险投资在IPO中功能的最新研究动态;在此基础上对不同研究方法、结论进行比较分析,并总结现有方法的得与失,为未来的研究工作提供参考。 IPO is a very important exit channel of venture capital, which is closely related with IPO market and exerts a notable impact on IPO; therefore, the functions of venture capital in IPO have always been intensively studied. Focusing on the three functions of venture capital in IPO markets, i.e. certification, screening & moni- toring, and market power, this paper sums up the existing literatures to illustrate the latest developments in the research of venture capital functions; and then compares the different research methods and conclusions to find out their advantages and disadvantages and provide references for future study.
作者 杨大楷 陈伟
出处 《海南大学学报(人文社会科学版)》 CSSCI 2012年第2期106-110,共5页 Journal of Hainan University (Humanities & Social Sciences)
基金 国家自然科学基金项目(71073101 70903046) 上海市哲学社会科学项目(2009FJB004 2011BJB008) 上海市浦江人才计划(11PJC066)资助
关键词 风险投资 认证功能 监控功能 市场权力 venture capital certification screening & monitoring market power
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参考文献25

  • 1MEGGINSON W L, WEISS K A. Venture Capitalist Certification in Initial Public Offerings[ J]. Journal of Finance, 1991 (46) :879 -903.
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二级参考文献25

共引文献60

同被引文献25

  • 1郭强.投资基金中套牢的选择性契约分析[J].海南大学学报(人文社会科学版),2007,25(3):263-267. 被引量:1
  • 2陶可,张杰.股票市场知情交易者的定价策略与信息揭示?--从投资者行为对"个股收益正偏"及"酌情揭示"的理论解释[J].西部论坛,2012,22(4):50-55.
  • 3Chemmanur, T. J. , Krishnan, K. , Nandy , D. K. How does Venture Capital Financing Improve Efficiency in Private Firms? A Look Beneath the Surface[J]. Review of Financial Studies, 2011, 24 (12) : 4037-4090.
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  • 5Barry, C. B. , Muscarella, C. J. , Peavy, J. W. I. , Vetsuypens, M. R. The Role of Venture Capital in the Creation of Public Companies: Evidence from the Going - Public Process [ J ] . Journal of Financial Economics, 1990,27 ( 2 ) : 447-471.
  • 6Masulis, R. W. , Nahata, R. Financial Contracting with Strategic Investors: Evidence from Corporate Venture Capital Backed IPOs [J]. Journal of Financial Intermediation, 2009, 18 (4) : 599-631.
  • 7Cho, J., Lee, J. The Venture Capital Certification Role in R&D: Evidence from IPO Underpricing in Korea [J]. Pacific-Basin Finance Journal, 2013, (23) :83-108.
  • 8Lu, C. S. , Kao,L. , Chen, A. The Effects of R&D, Venture Capital, and Technology on the Underpricing of IPOs in Taiwan [ J ]. Review of Quantitative Finance and Accounting, 2012,39(4) :423-445.
  • 9姜玮怡.Markowitz均值-方差模型与RAROC模型在中国证券市场的实证研究[J].经济研究导刊,2010(2):103-106. 被引量:2
  • 10侯外林.关于完善我国证券投资咨询法规制度的思考[J].南方金融,2010(5):62-65. 被引量:3

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