Business, Management and Accounting
4 years ago

Venture Capital Backed IPOs in China Overvalued Due to Reputation Concerns.

1 view
RePEc: Research Papers in Economics
The Underpricing of Venture Capital Backed IPOs in China
Luxia Wang, Terence Tai‐Leung Chong, Yiyao He, Yuchen Liu

Paper Summary

The study looked at how venture capital affects the value of companies going public in China. Venture capital firms in China care a lot about their reputation. Companies without venture capital backing are more influenced by market conditions, while those with venture capital care more about their financial health.

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