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020 _a9783030675721
_9978-3-030-67572-1
024 7 _a10.1007/978-3-030-67572-1
_2doi
050 4 _aHD62.5
050 4 _aHG4751
072 7 _aKJH
_2bicssc
072 7 _aBUS025000
_2bisacsh
072 7 _aKJH
_2thema
100 1 _aZhang, Lin.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
245 1 0 _aVenture Capital and the Corporate Governance of Chinese Listed Companies
_h[electronic resource] :
_bAn Institutional Change Viewpoint /
_cby Lin Zhang.
250 _a2nd ed. 2024.
264 1 _aCham :
_bSpringer International Publishing :
_bImprint: Springer,
_c2024.
300 _aVIII, 179 p.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aPART 1 The Phase Ranging from 1978 to 2012 -- An Introduction to Adaptive Efficiency and Corporate Governance -- The Then Practice of Corporate Governance of Chinese Listed Companies -- The Difficulty of Fundraising Suffered by Chinese Domestic -- The Underdevelopment of Incentives in the Operation of Chinese Domestic VCs -- The Lack of Efficient Exit Channels for Chinese Domestic VCs -- The Lower Level of Risk Tolerance of Chinese Domestic Venture Capitalists -- Conclusion -- Part 2 The Phase Ranging from 2013 to Present -- The Current Practice of Corporate Governance of Chinese Listed Companies from the Perspective of Corporation Social Responsibility -- The Stakeholder-oriented Model and Venture Capital: Based on the Evidence of Chinese SMEs.
520 _aDuring the last ten years, China has made remarkable progress in the development of its venture capital market; however, Chinese domestic venture capital has been marginalized by American competitors. Using American venture capital as a mirror, this book empirically demonstrates that Chinese domestic venture capital lacks the four factors related to the success of their American counterparts: large and independent funding, application of incentive mechanisms, efficient exit channels, and a high-risk tolerance level. More importantly, the author shows how these defects are closely linked to the corporate governance of state-controlled listed companies. Featuring updated data and new developments since the publication of the first edition in 2012, with a focus on corporate social responsibility and the stakeholder-oriented model in Chinese small- and medium-sized enterprises (SMEs), this new edition demonstrates the negative economic and social impact of corporate governance of Chinese state-controlled listed companies and identifies potential policy reforms to harmonize agency costs and adaptive efficiency. This book is great for researchers, scholars, students, and policymakers interested in corporate governance of Chinese venture capital markets.
650 0 _aNew business enterprises.
_961729
650 0 _aVenture capital.
_976361
650 0 _aFinance.
_958339
650 0 _aEntrepreneurship.
650 0 _aSchools of economics.
_969592
650 1 4 _aStart-Ups and Venture Capital.
_976362
650 2 4 _aFinancial Economics.
_969737
650 2 4 _aEntrepreneurship.
650 2 4 _aHeterodox Economics.
_969593
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783030675714
776 0 8 _iPrinted edition:
_z9783030675738
776 0 8 _iPrinted edition:
_z9783030675745
856 4 0 _uhttps://doi.org/10.1007/978-3-030-67572-1
912 _aZDB-2-BUM
912 _aZDB-2-SXBM
999 _c64368
_d64368