碩士 / 朝陽科技大學 / 財務金融系碩士班 / 91 / Since the venture capital industry being founded in Taiwan in 1983, it has a remarkable achievement in promoting high-tech industry and has been considered as a successful model by all Asia countries. In Mainland China, the venture capital industry has developed quickly since it was set up in 1983. The progress, however, has not reached original expectation in terms of inducing new high-tech industry. The differences between Cross-Strait on the development of the venture capital industry may be due to different factors. This study will make a comparison between the venture evaluation criteria in Taiwan and Mainland China, to provide references for those who are interested this industry.
According to the expert in this field, the relevant criteria for evaluating the venture capital can be grouped into four categories, namely business management factor, market factor, product technique factor, and financial factor. These 4 categories are comprised of up to 21 evaluation criteria. Based on these, the Likert-scale questionnaires have been sent to and the responses have been obtained from venture capital companies in Taiwan and Mainland China. Analytic Hierarchy Process(AHP) method is then used to derive the significant weights of each criteria.
After AHP calculation, we found that in Taiwan the four factors used by venture capitalists to evaluate investment decision are prioritized as follows: business management factor, market factor, financial factor, and then product technique factor. In Mainland China, the priority rankings are management factor, financial factor, market factor, and product technique factor.
In Taiwan, the most highly emphasized 5 items in the 21 evaluation criteria are the characteristics of founders, the market size, company financial condition and capital structure, the ability of team management, and the expertise toward this industry. In Mainland China, they are the management and financing ability, the ability of team management, the characteristics of founders, the estimate of market potential, and the barrier to enter this market. “The characteristics of founders” and “the ability of team management” are the two consistent criteria Cross-strait, so that the management dimension of venture company is obviously emphasized most.
| Identifer | oai:union.ndltd.org:TW/091CYIT5304031 |
| Date | January 2003 |
| Creators | WEN-- LUNG CHANG, 張文龍 |
| Contributors | Chen-Nan Chiang, Ching-Chun Wen, 江振南, 魏清圳 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 82 |
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