创业板风险投资企业股本演变及控制权配置问题研究-企业管理专业论文.docxVIP

proportion of shareholding by the venture capital firms, the more likely to take part in the board of directors for them. Studies show that for the companies listed on GEM with venture-backed background, the nature of the family business, company performance, and the average age of venture capital firms are the main factors of affecting the allocation of control rights between venture capital firms and founders. The descriptive statistics shows that family businesses accounted for 40.50%, indicating that family business is a large portion of companies listed on GEM. It also found that the vast majority of venture capital firms are likely to invest the companies being more than 10 years old , and these companies have a certain size and strength after 10 years of development. It indicates that Chinas venture capital institutions are more cautious, rarely investing companies in the seed stage that have a higher uncertainty and risk. Keywords: GEM listed company venture capital allocation of control rights III 目 录 摘 要.............................................................................................................................. I ABSTRACT.................................................................................................................. II 目 录............................................................................................................................IV 第一章 绪论..................................................................................................................1 §1.1 研究背景 ...........................................................................................................1 §1.2 选题依据和研究意义 .......................................................................................3 §1.2.1 选题依据.....................................................................................................3 §1.2.2 研究意义.....................................................................................................4 §1.3 研究方案