The benefit of cross-border investments in the Chinese emerging venture capital and private equity market (notice n° 486654)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01737cam a2200265 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121072444.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Bertoni, Fabio |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | The benefit of cross-border investments in the Chinese emerging venture capital and private equity market |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2022.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 56 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | We compare the success rates of cross-border and domestic venture capital (VC) and private equity (PE) investments to determine whether foreign investors improve the development of an emerging VC/PE market. We examine a sample of 22,602 VC and PE investments made in 14,618 privately held Chinese companies between 2007 and 2016, analyzing the impact of sourcing capital abroad on the transaction outcome. We apply various empirical techniques to provide evidence that cross-border investments significantly increase the likelihood of a successful exit. Our results are robust with respect to syndication, reverse causality, and competing exit routes. This suggests that foreign investors can use their deep, international transaction experience, gained in mature markets, to support their investees and the development of emerging VC/PE markets. JEL Codes: G24, G32, G34 |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | initial public offering |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | cross-border investment |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | mergers & acquisitions |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | private equity |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | initial public offering |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | cross-border investment |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | mergers & acquisitions |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | private equity |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Groh, Alexander Peter |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Finance | 43 | 3 | 2022-09-06 | p. 3-36 | 0752-6180 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-finance-2022-3-page-3?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-finance-2022-3-page-3?lang=en&redirect-ssocas=7080</a> |
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