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风险投资能增加上市企业的价值吗?——基于中小板上市公司的研究 被引量：6

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摘要 利用深圳中小板上市公司提供的公开信息研究2004～2006年间上市的企业中风投活动对上市企业的影响,虽然数据显示有风投介入的企业无论是在上市后的市场估值还是企业成长方面都要好于没有风投介入的上市企业,但多元回归分析显示这种差异应该是由于风投选择的目标企业的特征决定的,而非是源于风投机构的介入所致,因此没有证据表明有风投的介入能使企业上市后获得更高的估值和更好的发展。
作者 李昆 唐英凯
机构地区 四川大学工商管理学院
出处 《经济体制改革》 CSSCI 北大核心 2011年第1期55-59,共5页 Reform of Economic System
基金 国家社会科学基金重点项目"通过促进企业平稳较快发展保持经济稳定 金融稳定和资本市场稳定的对策研究"(08AJY045)的阶段性成果
关键词 风险投资 中小板上市公司 企业成长
分类号 F830.59 [经济管理—金融学]
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参考文献7

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同被引文献73

  • 1Lerner J. When bureaucrats meet entrepreneurs:the design of e{fective 'public venture capital programmes[J]. The E- conomic Journal, 2002,112 ： 73-- 84.
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  • 9Gupta A K, Sapienza Harry J. Determinants of ven- ture capital firms" preferences regarding the industry diversity and geographic scope of their investments [J]. Journal of Business Venturing, 1992, 7 (5) .. 347-362.
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引证文献6

二级引证文献16

经济体制改革
2011年 第1期

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