文献类型：会议论文

英文题名：Determinants of venture capital-backed firms performance: A conceptual framework

作者：Liu Erli[1,2];Cui Yi[3];Fan Ronghui[3]

机构：[1]S China Univ Technol, Guangzhou 510641, Guangdong, Peoples R China;[2]Guangdong Ocean Univ, Coll Econ & Management, Zhanzing 524088, Peoples R China;[3]S China Univ Technol, Sch Business Adm, Guangzhou 510640, Peoples R China

会议论文集：IEEE Asia-Pacific Services Computing Conference (APSCC 2006)

会议日期：DEC 12-15, 2006

会议地点：Guangzhou, PEOPLES R CHINA

语种：英文

外文关键词：Decision making - Investments - Strategic planning

外文摘要：As the intensity increases rapidly in terms of business competition, it is very necessary to gain a better insight into what factors could influence the performance of venture capital-backed firms, which will enable venture capitalists to identify viable business opportunities and entrepreneurs to explore competitive advantages. This paper mainly studies the determinants of venture capital-backed firms' performance. The authors develop a conceptual framework for analyzing the impact Of different factors on performance of venture capital-backed firms, and propose five hypotheses. Namely, industry growth, internal capabilities, entrepreneurial strategy making, venture capitalists value-added activities and external networks will be positively related to the performance of venture capital-backed firms. Finally, this paper discusses implications of the study and also provides directions for future research. This study provides a platform to future empirical investigation. It will facilitate researchers to go one step further to find out what factors can improve the performance of venture capital-backed firms.