Venture Capitalists’ Experience and Foreign IPOs: Evidence from China

Autor:	Jing Zhang, Huizhi Yu
Rok vydání:	2017
Předmět:	Finance Economics and Econometrics 050208 finance business.industry 0502 economics and business 05 social sciences Financial system Business Business and International Management Venture capital China Initial public offering 050203 business & management
Zdroj:	Entrepreneurship Theory and Practice. 41:677-707
ISSN:	1540-6520 1042-2587
DOI:	10.1111/etap.12228
Popis:	Integrating signaling theory with social network theory, we investigate the influence of venture capitalists’ (VCs’) IPO experience on the likelihood of foreign IPO successes. Using data from VC–backed Chinese companies listed on the U.S. or Chinese stock markets from 2002 to 2012, we find that U.S. VCs’ experience in either market increases the chance of listing in the United States. However, Chinese VCs’ experience in the United States plays the same role, but not in China. For entrepreneurs who desire to pursue opportunities in international capital markets, the novel findings offer important implications in their VC selection decisions.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::433c65b42d209c916435dce8968c393a https://doi.org/10.1111/etap.12228 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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