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Venture Capital Finance in China

Author

Listed:
  • Xiaoqing Eleanor Xu

    (Saint Louis University)

Abstract

The globalization of capital flow has resulted in an increasing number of firms choosing to cross-list their stocks in foreign stock exchanges to raise public equity capital abroad, and more recently, the booming of venture capital (VC) inflow to developing nations to finance the start-ups and growth companies in those emerging economies. The dramatic rise in venture-funded activity in developing nations has been largely fueled by institutional investors in the United States and other developed nations. Among the developing nations, China, in the transition from a central planning regulated economy to a free market economy, has progressed quickly in grasping these unique funding opportunities to encourage the emergence of innovative enterprises and ensure its relevance in the global economy.

Suggested Citation

  • Xiaoqing Eleanor Xu, 2002. "Venture Capital Finance in China," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 7(1), pages 11-22, Spring.
  • Handle: RePEc:pep:journl:v:7:y:2002:i:1:p:11-22
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    References listed on IDEAS

    as
    1. Lerner, Josh, 1995. " Venture Capitalists and the Oversight of Private Firms," Journal of Finance, American Finance Association, vol. 50(1), pages 301-318, March.
    2. Black, Bernard S. & Gilson, Ronald J., 1998. "Venture capital and the structure of capital markets: banks versus stock markets," Journal of Financial Economics, Elsevier, vol. 47(3), pages 243-277, March.
    3. Brav, Alon & Gompers, Paul A, 1997. " Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies," Journal of Finance, American Finance Association, vol. 52(5), pages 1791-1821, December.
    4. Paul Gompers & Josh Lerner, 1998. "Venture Capital Distributions: Short-Run and Long-Run Reactions," Journal of Finance, American Finance Association, vol. 53(6), pages 2161-2183, December.
    5. Gompers, Paul A., 1998. "Venture capital growing pains: Should the market diet?," Journal of Banking & Finance, Elsevier, vol. 22(6-8), pages 1089-1104, August.
    6. Gompers, Paul A., 1996. "Grandstanding in the venture capital industry," Journal of Financial Economics, Elsevier, vol. 42(1), pages 133-156, September.
    7. Lerner, Joshua, 1994. "Venture capitalists and the decision to go public," Journal of Financial Economics, Elsevier, vol. 35(3), pages 293-316, June.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Venture Capital; China;

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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