An institutional view of China's venture capital industry - Explaining the differences between China and the West
Publication in refereed journal


引用次數
替代計量分析
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其它資訊
摘要Institutional theory argues that institutions in general, and culture in particular, shape the actions of firms and individuals in a number of subtle but substantive ways. The theory has been used to explain a number of significant and substantive managerial differences found in different parts of the world. To date, the examination of venture capital outside the US and Europe, however, has been rather limited. Institutional theory also suggests that there would be differences in how venture capital may operate in other parts of the world, such as Asia where the culture is substantially different from the West. Based on interviews with 36 venture capitalists in 24 venture capital firms investing in China, this exploratory research finds that China's institutional environment creates a number of significant differences from the West. The article discusses the impact of these findings on future research on Asian venture capital, theory development, and the activities of venture capital professionals in that region. (C) 2002 Published by Elsevier Science Inc.
著者Bruton GD, Ahlstrom D
期刊名稱Journal of Business Venturing
出版年份2003
月份3
日期1
卷號18
期次2
出版社ELSEVIER SCIENCE BV
頁次233 - 259
國際標準期刊號0883-9026
電子國際標準期刊號1873-2003
語言英式英語
關鍵詞China; institutional theory; private equity; venture capital
Web of Science 學科類別Business; BUSINESS; Business & Economics

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