https://scholars.lib.ntu.edu.tw/handle/123456789/414551
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.author | Shu, Pei Gi | en_US |
dc.contributor.author | Yeh, Yin Hua | en_US |
dc.contributor.author | SHEAN-BII CHIU | en_US |
dc.contributor.author | Ho, Fu Sheng | en_US |
dc.creator | Ho, Fu Sheng;SHEAN-BII CHIU;Yeh, Yin Hua;Shu, Pei Gi | - |
dc.date.accessioned | 2019-07-23T04:02:02Z | - |
dc.date.available | 2019-07-23T04:02:02Z | - |
dc.date.issued | 2011-05-01 | - |
dc.identifier.issn | 0924865X | - |
dc.identifier.uri | https://scholars.lib.ntu.edu.tw/handle/123456789/414551 | - |
dc.description.abstract | The main purpose of this paper to examine how the reputation effect of venture capital (VC) is associated with the initial return and ex-post performance of its invested IPO firms. In this paper, we use 267 Taiwanese IPO firms in 1994-2007 periods and find that VC-backed firms outperform non-VC-backed firms in terms of ex-post equity market-to-book ratio, ROA and R&D expenditure ratio. For those VC-backed IPOs, reputable VC-backed firms outperform mediocre VC-backed ones. Moreover, among the four proxies of VC reputation, the market share with respect to total IPO proceeds is most promising in explaining IPO firms' ex-post performance. The overall result confirms the reputation effect associated with VC. © 2010 Springer Science+Business Media, LLC. | en_US |
dc.relation.ispartof | Review of Quantitative Finance and Accounting | en_US |
dc.subject | Initial public offerings | Reputation effect | Venture capital | en_US |
dc.title | The reputation effect of venture capital | en_US |
dc.type | journal article | en |
dc.identifier.doi | https://api.elsevier.com/content/abstract/scopus_id/79955479507 | - |
dc.identifier.doi | 10.1007/s11156-010-0188-x | - |
dc.identifier.scopus | 2-s2.0-79955479507 | - |
dc.identifier.url | https://api.elsevier.com/content/abstract/scopus_id/79955479507 | - |
dc.relation.pages | 533 | en_US |
dc.relation.journalvolume | 36 | en_US |
dc.relation.journalissue | 4 | en_US |
dc.relation.pageend | 554 | en_US |
item.fulltext | no fulltext | - |
item.openairetype | journal article | - |
item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
item.grantfulltext | none | - |
item.cerifentitytype | Publications | - |
crisitem.author.dept | Finance | - |
crisitem.author.parentorg | College of Management | - |
顯示於: | 財務金融學系 |
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