The Relationship among the Halo Effect and Networking of Venture Capitalists and Investees’ Performances: Spotlight on the Sharing Economy
碩士 === 國立中正大學 === 財務金融系研究所 === 107 === Most prior researches investigating the impact of the investor on the investees focused on the investee’s performances after IPOs. A few papers discuss the investee performances before the IPOs. The main reason is the difficulty in data collection. This researc...
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| Format: | Others |
| Language: | zh-TW |
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2019
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| Online Access: | http://ndltd.ncl.edu.tw/handle/295ajp |
| Summary: | 碩士 === 國立中正大學 === 財務金融系研究所 === 107 === Most prior researches investigating the impact of the investor on the investees focused on the investee’s performances after IPOs. A few papers discuss the investee performances before the IPOs. The main reason is the difficulty in data collection. This research however accessed the growth rate data provided by the PitchBook Platform. These data reveal information before IPO and enable examining the impact of the investor on the investee. Our sample contains companies in the sharing economy sector. Most firms in this sector are in their early stage financing. This research indicates that the venture capital financing has a significant impact on the growth rate of the startup firms. The impact, however, can’t be explained by the halo and the network effects. In addition, the research shows that the longer the time since the last venture financing the impact will decline.
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