Venture capital in China: investment processes and decision-making
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Abschlussarbeit Buch |
| Sprache: | English |
| Veröffentlicht: |
2004
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| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | VI, 130 S. graph. Darst. |
Internformat
MARC
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Datensatz im Suchindex
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| adam_text | Contents
1 Introduction 1
1.1 Research objectives and key questions 3
1.2 Relevance of research 6
2 Definitions and scope 7
2.1 Definition of venture capital 7
2.2 The scope of venture capital investment processes 9
2.3 Geographical focus on China 11
3 Literature review 13
3.1 History of venture capital in the West 13
3.2 Market determinants and factors in the West 14
3.2.1 Supply side determinants 16
3.2.1.1 Availability of capital for fundraising 17
3.2.1.2 Availability of human capital 18
3.2.2 Demand side determinants 18
3.2.2.1 Liquid stock markets 19
3.3 Regulatory, normative and cognitive factors 19
3.4 Venture capital investment processes in the West 21
3.4.1 Deal origination 24
3.4.2 Deal evaluation 25
3.4.3 Deal structuring and negotiation 27
3.4.4 Portfolio management 27
3.4.5 Investment exit 28
3.5 Organizational learning 31
4 Research questions and propositions 33
4.1 Expected supply and demand determinants in a China context 33
4.2 Expected investment processes and decision making in China 35
5 Methodology 36
5.1 Qualitative versus quantitative methodology 36
5.2 Methodology and phases of research 37
5.2.1 Phase 1: Preparation 38
5.2.2 Phase 2: Execution 39
5.2.3 Phase 3: Validation and triangulation 41
5.3 The case study approach 41
5.4 Potential shortcomings of methodology and mitigating measures 42
6 Sample 43
6.1 Sources and approach 43
6.2 Selection screening 43
6.3 Profiles 43
IV
6.4 Exclusions 44
7 Research findings 45
7.1 A brief history of venture capital in China 45
7.2 Venture capital industry structure in China 47
7.2.1 Supply and demand side determinants 50
7.2.2 Chinese law and the impact on venture capital firms 53
7.3 Segmentation of venture capital firms 56
7.3.1 Corporate venture capital 58
7.3.2 University venture capital 62
7.3.3 State backed venture capital 62
7.4 Venture capital investment processes in China 63
7.4.1 Deal origination 64
7.4.2 Deal evaluation 69
7.4.3 Structuring and negotiation 72
7.4.4 Portfolio management 73
7.4.5 Exit and liquidity 76
7.4.5.1 IPO 76
7.4.5.2 Trade Sale 80
7.5 Summary of comparison between VC in China and the West 80
8 Validation and triangulation 83
8.1 Expert panel review 83
8.2 Case studies 84
8.2.1 Intel Capital and Cisco: corporate venture capitalists 85
8.2.1.1 Overview 85
8.2.1.2 Investment strategy and processes 85
8.2.1.3 Relevance to research findings 87
8.2.2 Shenzen Venture Capital: domestic venture capital firm 88
8.2.2.1 Overview 88
8.2.2.2 Investment strategy and processes 88
8.2.2.3 Relevance to research findings 91
9 Core competencies of VC investors in China 92
9.1 Organizational flexibility to adopt investment processes for China 92
9.2 Core competencies in the venture capital investment process 92
9.2.1 Proactive deal searching 93
9.2.2 Comprehensive due diligence skills 94
9.2.3 Ability to align of interests with the entrepreneur 95
9.2.4 Hands on management and executional skills 96
9.2.5 Exit orientation 97
9.3 Flexibility to deal with institutional and regulatory differences 98
; 9.4 Adopt professional standards 99
! 10 Policy implications for Government regulators 100
10.1.1 Economic stability and good government 100
V
10.1.2 Liquid and deregulated capital markets 10°
10.1.3 Strong entrepreneurial culture 101
10.1.4 Reduced government intervention Ml
10.1.5 Effective legal framework 102
10.1.6 High quality education and strong technology base 103
11 Areas for farther research 104
12 Summary and conclusion 1®5
13 Bibliography 107
14 Appendices H7
14.1 List of tables U7
14.2 List of figures 118
14.3 Abbreviations 119
14.4 Interview template 120
14.5 Sample 124
14.6 Conferences and events attended for research 129
14.7 Curriculum Vitae of Paul Vega 130
VI
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| geographic_facet | China |
| id | DE-604.BV019584189 |
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| indexdate | 2024-07-09T20:00:50Z |
| institution | BVB |
| language | English |
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| spelling | Vega, Paul 1974- Verfasser (DE-588)1146590296 aut Venture capital in China investment processes and decision-making Paul Vega 2004 VI, 130 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Sankt Gallen, Univ., Diss., 2004 Risicokapitaal gtt Investitionsentscheidung (DE-588)4162244-3 gnd rswk-swf Risikokapital (DE-588)4124067-4 gnd rswk-swf Investitionsplanung (DE-588)4114044-8 gnd rswk-swf China (DE-588)4009937-4 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content China (DE-588)4009937-4 g Risikokapital (DE-588)4124067-4 s Investitionsentscheidung (DE-588)4162244-3 s Investitionsplanung (DE-588)4114044-8 s b DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=012921130&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Vega, Paul 1974- Venture capital in China investment processes and decision-making Risicokapitaal gtt Investitionsentscheidung (DE-588)4162244-3 gnd Risikokapital (DE-588)4124067-4 gnd Investitionsplanung (DE-588)4114044-8 gnd |
| subject_GND | (DE-588)4162244-3 (DE-588)4124067-4 (DE-588)4114044-8 (DE-588)4009937-4 (DE-588)4113937-9 |
| title | Venture capital in China investment processes and decision-making |
| title_auth | Venture capital in China investment processes and decision-making |
| title_exact_search | Venture capital in China investment processes and decision-making |
| title_full | Venture capital in China investment processes and decision-making Paul Vega |
| title_fullStr | Venture capital in China investment processes and decision-making Paul Vega |
| title_full_unstemmed | Venture capital in China investment processes and decision-making Paul Vega |
| title_short | Venture capital in China |
| title_sort | venture capital in china investment processes and decision making |
| title_sub | investment processes and decision-making |
| topic | Risicokapitaal gtt Investitionsentscheidung (DE-588)4162244-3 gnd Risikokapital (DE-588)4124067-4 gnd Investitionsplanung (DE-588)4114044-8 gnd |
| topic_facet | Risicokapitaal Investitionsentscheidung Risikokapital Investitionsplanung China Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=012921130&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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