創(chuàng)投對創(chuàng)業(yè)板上市公司業(yè)績影響的實證研究.pdf

1、碩士學(xué)位論文創(chuàng)投對創(chuàng)業(yè)板上市公司業(yè)績影響的實證研創(chuàng)投對創(chuàng)業(yè)板上市公司業(yè)績影響的實證研究EMPIRICALSTUDYONTHEIMPACTOFVENTURECAPITALONTHEPOSTIPOPERFMANCEOFCHINEXTLISTEDFIRMS作者：黃昕導(dǎo)師：嚴(yán)弘教授上海交通大學(xué)上海高級金融學(xué)院二○一三年六月ContentsAbstract..............................................

2、....................................................................i摘要.....................................................................................................................ii1.Introduction................

3、......................................................................................11.1Background..............................................................................................11.1.1ChiNext.............

4、............................................................................11.1.2VenturecapitalinChina...............................................................31.2Researchsignificance..............................

5、..............................................42.LiteratureReview............................................................................................62.1Certificationmonitingmodel.................................

6、.............................62.2Adverseiongrstingmodel.................................................72.3FindingsinChina.....................................................................................83.PostIPOOp

7、erationalPerfmance.............................................................103.1VCpostIPOoperationalperfmance............................................103.1.1Hypothesesmodels........................................

8、.......................103.1.2Datadeivestatistics.....................................................143.1.3Differencetestofmeanmedianoftwogroups..........................163.1.5Regressionresults........................

9、...............................................173.2VC’sacteristicsmonitingeffect............................................183.2.1Hypothesesmodels...............................................................183.2.3Re

10、gressionResults......................................................................214.PostIPOMarketPerfmance.....................................................................254.1LongrununderperfmanceofIPOVC.......

11、..................................254.2MeasurementsofpostIPOperfmance...............................................274.3Hypothesesmodels..........................................................................294.4Data

12、deivestatistics................................................................314.5Regressionresults..................................................................................324.6Robustnesstest..................

13、.....................................................................375.Conclusion......................................................................................................40Biography........................