This paper presents an empirical study of the determinants that drive the investment performance of China’s venture capital (VC) and private equity (PE) funds. Using data on VC/PE funds backed initial public offerings (IPOs) from ChiNext between October 2009 to October 2011 and the internal rate of return (IRR) as the measurement for investment performance, this paper finds that fund experience has a positive influence on investment performance whereas investment scale and investment duration have a negative influence on investment performance.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:hj-20681 |
| Date | January 2013 |
| Creators | Fu, Yinqiao |
| Publisher | Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Economics, Finance and Statistics |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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