西安石油大学学报（社会科学版）2019，Vol.28Issue(1)：11-18,8.
合作伙伴、行业特征与风险资本投资绩效
On the Relationship of Partner、Industry Characteristics and Venture Capital Investment Performance
摘要
Abstract
From the perspective of business partners and industry characteristics, the paper studies 224 companies listed on the start-up board of Shenzhen with the background of venture capital from 2009 to2016, constructs the performance indicators of venture investment from the aspects of output level and benefit level, and then demonstrates the influence of business partner and industry characteristics on venture capital investment performance. Research shows that: ( 1) in the economic background of listed companies, the effect of venture capital partners takes on the negative influence; ( 2) the joint selection of the associate degree of partners and the characteristics of the industry will have a significant negative correlation on venture capital investment performance, but in the field of new and high technology industry, the selection of industrial characteristics have certain positive influence on the investment performance at the benefit level of venture capital; ( 3) the holding time of venture capital project has a significantly positive effects on the investment performance at the output level of venture capital.关键词
合作伙伴/行业特征/上市公司/风险投资/绩效Key words
partners/industry characteristics/listed companies/venture investment/performance分类
管理科学引用本文复制引用
宁宇新,王欢迎..合作伙伴、行业特征与风险资本投资绩效[J].西安石油大学学报（社会科学版）,2019,28(1):11-18,8.基金项目
国家社会科学基金资助项目"风险资本在清洁能源中的运行机制及对策研究"(15XJY022) （15XJY022）
"丝绸之路经济带"能源产业投资基金创新机制研究(15JZ045) （15JZ045）
陕西省软科学研究计划项目"陕西省科技金融创新机制、模式和绩效评价研究"(S2015YFRM0184) （S2015YFRM0184）
西安石油大学创新与实践能力培养项目"陕西省创新创业投融资机制构建研究"(YCS17112040) （YCS17112040）
