The Impact of Venture Capital Firm Network and Stability on Venture Capital Fund Performance: Evidences from the U.S. Software Industry
碩士 === 國立中正大學 === 財務金融系研究所 === 107 === This research examines the impact of venture capital firm network and stability on fund performance. Most research on the US market in the field investigates the impact of network relationships on fund performance. The impact of the stability on fund performanc...
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ndltd-TW-107CCU003040202019-10-31T05:22:44Z http://ndltd.ncl.edu.tw/handle/xy2v2q The Impact of Venture Capital Firm Network and Stability on Venture Capital Fund Performance: Evidences from the U.S. Software Industry 創投公司網絡關係與穩定性對基金績效之影響 -以美國軟體產業為例 JANG,LI-SHAN 張莉姍 碩士 國立中正大學 財務金融系研究所 107 This research examines the impact of venture capital firm network and stability on fund performance. Most research on the US market in the field investigates the impact of network relationships on fund performance. The impact of the stability on fund performance was not specifically discussed, and the fund performance was based on the exit rate as fund performance. However, the exit rate is not an indicator commonly used in the industry. In addition, the sample of this study focuses on the software industry, which is not only one of the most important industries in the market and in venture capital investment. This research uses the Degree centrality, Eigenvector centrality, Betweenness, and Stability as a measure of network relationships. The internal rate of return is used as the indicator, which is the financial measurement mainly used by investors in the market to measure the performance of the fund. The research results show that the venture capital firms which have higher Degree, Outdegree and Betweenness experience significantly better fund performances. However, the Indegree, Eigenvector centrality and Stability indicators do not have significant influences on the fund performance. LEE,PEI-HSUAN Yu,JEAN 李佩璇 余曉靜 2019 學位論文 ; thesis 44 zh-TW |
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碩士 === 國立中正大學 === 財務金融系研究所 === 107 === This research examines the impact of venture capital firm network and stability on fund performance. Most research on the US market in the field investigates the impact of network relationships on fund performance. The impact of the stability on fund performance was not specifically discussed, and the fund performance was based on the exit rate as fund performance. However, the exit rate is not an indicator commonly used in the industry. In addition, the sample of this study focuses on the software industry, which is not only one of the most important industries in the market and in venture capital investment. This research uses the Degree centrality, Eigenvector centrality, Betweenness, and Stability as a measure of network relationships. The internal rate of return is used as the indicator, which is the financial measurement mainly used by investors in the market to measure the performance of the fund. The research results show that the venture capital firms which have higher Degree, Outdegree and Betweenness experience significantly better fund performances. However, the Indegree, Eigenvector centrality and Stability indicators do not have significant influences on the fund performance.
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LEE,PEI-HSUAN |
author_facet |
LEE,PEI-HSUAN JANG,LI-SHAN 張莉姍 |
author |
JANG,LI-SHAN 張莉姍 |
spellingShingle |
JANG,LI-SHAN 張莉姍 The Impact of Venture Capital Firm Network and Stability on Venture Capital Fund Performance: Evidences from the U.S. Software Industry |
author_sort |
JANG,LI-SHAN |
title |
The Impact of Venture Capital Firm Network and Stability on Venture Capital Fund Performance: Evidences from the U.S. Software Industry |
title_short |
The Impact of Venture Capital Firm Network and Stability on Venture Capital Fund Performance: Evidences from the U.S. Software Industry |
title_full |
The Impact of Venture Capital Firm Network and Stability on Venture Capital Fund Performance: Evidences from the U.S. Software Industry |
title_fullStr |
The Impact of Venture Capital Firm Network and Stability on Venture Capital Fund Performance: Evidences from the U.S. Software Industry |
title_full_unstemmed |
The Impact of Venture Capital Firm Network and Stability on Venture Capital Fund Performance: Evidences from the U.S. Software Industry |
title_sort |
impact of venture capital firm network and stability on venture capital fund performance: evidences from the u.s. software industry |
publishDate |
2019 |
url |
http://ndltd.ncl.edu.tw/handle/xy2v2q |
work_keys_str_mv |
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