Geographical distance, investment strategies and performance of venture capital: evidence from Chinese enterprises
文献类型：期刊论文
| 作者 | Wang, Jiaoe3,4; Liu, Fengyuan2; Li, Jianjun1; Du, Delin4; Wu, Jiafan1 |
| 刊名 | SPATIAL ECONOMIC ANALYSIS
 |
| 出版日期 | 2024-04-27 |
| 卷号 | N/A页码:25 |
| 关键词 | Geographical distance venture capital investment performance venture capital firms invested entrepreneurial firm G24 R12 |
| ISSN号 | 1742-1772 |
| DOI | 10.1080/17421772.2024.2342336 |
| 英文摘要 | A growing body of evidence suggests that geographical distance plays an important role for venture capital (VC) investment. This study explores whether and how the geographical distance between the lead VC firms (VCFs) and the invested entrepreneurial firms (IEFs) influences the investment strategies of VCFs and their performance. The results show: (1) The geographical distance has a significant positive effect on the performance of VC investments. (2) As distance increases, lead VCFs will tend to be conservative on investments by improving project screening criteria and adopting syndication strategies and multiple-rounds of staged financing, which can dramatically improve the successful exit from the invested projects. This study has useful theory and policy implications for VCFs, entrepreneurial firms and local governments. |
| WOS关键词 | SPATIAL PROXIMITY ; SYNDICATION ; REPUTATION ; DECISION ; MODEL ; FIRMS ; MONEY |
| 资助项目 | National Key Research and Development Program of China[2023YFB3906801] |
| WOS研究方向 | Business & Economics |
| 语种 | 英语 |
| WOS记录号 | WOS:001215039900001 |
| 出版者 | ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD |
| 资助机构 | National Key Research and Development Program of China |
| 源URL | [http://ir.igsnrr.ac.cn/handle/311030/204885]  |
| 专题 | 区域可持续发展分析与模拟院重点实验室_外文论文 |
| 通讯作者 | Li, Jianjun |
| 作者单位 | 1.East China Univ Sci & Technol, Sch Business, Shanghai, Peoples R China 2.East China Univ Polit Sci & Law, Int Sch Law & Finance, Shanghai, Peoples R China 3.Univ Chinese Acad Sci, Coll Resources & Environm, Beijing, Peoples R China 4.Chinese Acad Sci, Inst Geog Sci & Nat Resources Res, Key Lab Reg Sustainable Dev Modeling, Beijing, Peoples R China |
| 推荐引用方式 GB/T 7714 | Wang, Jiaoe,Liu, Fengyuan,Li, Jianjun,et al. Geographical distance, investment strategies and performance of venture capital: evidence from Chinese enterprises[J]. SPATIAL ECONOMIC ANALYSIS,2024,N/A:25. |
| APA | Wang, Jiaoe,Liu, Fengyuan,Li, Jianjun,Du, Delin,&Wu, Jiafan.(2024).Geographical distance, investment strategies and performance of venture capital: evidence from Chinese enterprises.SPATIAL ECONOMIC ANALYSIS,N/A,25. |
| MLA | Wang, Jiaoe,et al."Geographical distance, investment strategies and performance of venture capital: evidence from Chinese enterprises".SPATIAL ECONOMIC ANALYSIS N/A(2024):25. |
入库方式： OAI收割
来源：地理科学与资源研究所
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