Summary: | 碩士 === 國立中山大學 === 企業管理學系研究所 === 101 === As the development of economy in China, venture capital has become a prosperous industry since 1985. In 2009, the dream of ChiNext Stock Market has been realized, which providing a perfect exit-way for all the VC companies in China. Although the application for entering ChiNext Board has been frozen since the end of 2012, the phenomenon of hundreds of companies waiting in line for the re-opening still shows the attraction of ChiNext Board. The return of VC is the most important index in this industry, which mostly decides the status and reputation of a VC company. As a result, researches about return are always the key areas in this industry. This study focused on the returns of VC companies, which invested the corporations of ChiNext Board, and tried to find the influencing factors of returns. The data for this study comes from the website of Shenzhen Stock Exchange and Taiwan Economic Journal Database. This study attempted to explore the connection between invested corporations’ information and returns, and also, the connection of VC companies’ information and their returns. The analysis and explanations will be given after that. In the end of this thesis, the shortages of this study will be introduced, so will the subsequent studies suggestions.
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