政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/33935
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113303/144284 (79%)
Visitors : 50815137      Online Users : 751
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    政大典藏 > College of Commerce > International MBA > Theses >  Item 140.119/33935
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/33935


    Title: Venture Capital in Taiwan
    Authors: 蘇家義
    sossa,jair
    Contributors: 沈中華
    Shen ,Chung Hua
    蘇家義
    sossa,jair
    Keywords: 創業投資
    Venture Capital in Taiwan
    Date: 2003
    Issue Date: 2009-09-17 18:51:29 (UTC+8)
    Abstract: 這個論文的題目就是台灣的創業投資. 研究包括五家公司作創業投資. 三家公司是普通的創投公司, 一家是人壽保險公司. 最後一家是工業銀行.
    The venture capital investment model was established in Taiwan in 1983, following a similar scheme from the United States. Since its inception, it has played a decisive roll in the development of the high technology industry in Taiwan. It helps enterprises by providing them with capital funding, necessary for the creation of innovative projects with high potential to become successful business activities in the future.

    Taiwan has one of the most developed Venture Capital markets in the world. By December 31, 1999 the aggregate number of Venture Capital firms came to 145 with a total investment of NT$ 81.1 billion.

    With this thesis, an analysis of the investment strategies that five financial institutions adopt for their venture capital will be executed. A number of variables that define the framework of venture capital investing will be examined in order to have a clear picture of those investment strategies.

    In one hand we will have three “traditional” Venture Capital firms which have their own criterion and procedure on why and how to do investments in this field. In the other hand, we will study other types of investors, a life insurance company and an industrial bank.

    For this study, a qualitative approach was adopted. Interviews with members of those five venture capitalists’ top management team were held.

    Interesting results were taken from the empirical study as it was found that not all “traditional” venture capital companies share the exactly same view on how to do venture capital investments. Results regarding the life insurance company were mostly in line with expectations as well as results from the industrial bank.
    Reference: Ahlberg, Emil & Dahlberg, Anders (1999), Strategic issues and Activities in Venture
    Capital firms, Master Thesis, Chalmers University of Technology, Gothenburg, Sweden
    Bygrave, William D. & Timmons, Jeffry A. (1992), Venture Capital at the
    Crossroads, Harvard Business School, Mass., USA
    Cardelius, Fredrik & Lundborg, David (1999), Venture capital in Sweden, Master
    Thesis, School of Economics, Stockholm, Sweden
    Fredriksen, Ö., Olofsson, C., and Wahlbin, C. (1991), Frontiers of
    Entrepreneurship Research: The role of venture capital in the development
    of portfolio firms, Babson College.,Wellesley, Ma, USA
    Fried, V.H. & Hisrich, R.D. (1994), Toward a model of venture capital investment decision making. Financial Management, 23(3)
    Gompers, Paul. (1995), Optimal Investment, Monitoring, and the Staging of Venture Capital. Journal of Finance 50, 1461-1489.
    Gompers, Paul. (1994) The Rise and Fall of Venture Capital. Business and Economic History 23 (2), 1-26.
    Gompers, P. and J. Lerner (1998), What Drives Venture Capital Fundraising?
    Brookings Papers on Economic Activity (Microeconomics), 149-192.
    Gompers, P. and J. Lerner (1999), The Venture Capital Cycle, , MIT
    Press. Cambridge, Mass, USA
    Hellman, T. and M. Puri (2000), The Interaction between Product Market and
    Financing Strategy: The Role of Venture Capital, Review of Financial Studies, Vol.
    13, 959-984.
    Holme, I. M., Solvang. B. K. (1997), Forskningsmetodik: Om kvalitativa och kvantitativa metoder. Studentlitteratur: Lund.
    Isaac, Robert (1998) Green logic: Ecopreneurship, Theory band Ethics: Greenleaf Publishing, Sheffield, UK
    Kaplan, S. and P. Stromberg (2000), Financial Contracting Theory Meets the Real
    World: An Empirical Analysis of Venture Capital Contracts, NBER Working Paper
    No. 7660.
    Larsson & Roosvall (2000) Overruling uncertainty - A study of venture capital decision making, Handels Vanner.
    Lerner, Josh (1995), Venture Capitalists and the Oversight of Private Firms
    published in Wright, Mike & Robbie, Ken, Venture Capital, 267-284
    Lerner, Josh, (2000), Venture capital & Private equity - A case book John Wiley &
    Sons Inc., New York
    Leslie A., Philippe C. Wells, The determinants of venture capital funding:
    evidence across countries, Boston University School of Management, Boston, Mass, USA
    MacMillan, I.C., Siegal, R., & SubbaNarasimha, (1985). Criteria used by venture
    capitalists to evaluate new venture proposals. Journal of Business Venturing,
    119-128.
    MacMillan, I.C., Zemann, L., & SubbaNarasimha, (1987). Criteria distinguishing
    successful from unsuccessful ventures in the venture screening process. Journal
    of Business Venturing, 123-137.
    MacMillan, Ian, et all (1985), ”Criteria used by venture capitalists to evaluate new venture proposals”, Journal of Business Venturing, Vol 1, 119-125.
    Robbie, Ken and Wright, Mike (1997), Venture Capital. Dartmouth Publishing
    Company Limited.
    Robinson, R.B., Jr. (1987) Emerging strategies in the venture capital industry. Journal of
    Business Venturing, 2, 53-77.
    Sahlman, W. A. (1988), Aspects of financial contracting in venture capital. Journal of
    Applied Corporate Finance 1:2, 23 -36.
    Sahlman, W. A. (1990), The structure and governance of venture-capital
    organizations. Journal of Financial Economics 27, 473-521
    Shepherd, D.A. (1999). Venture capitalists’ introspection: A comparison of “in use” and
    “espoused” decision policies. Journal of Small Business Management, 37(2), 76-87.
    Timmons, J.A. (1994), New Venture Creation: Entrepreneurship for the 21st
    Century. Fourth Edition. Boston, Mass, USA.
    Zider, Bob, (1998), How venture capital works. Harvard Business Review, Volume 76, Number 6, 131-140
    Description: 碩士
    國立政治大學
    國際經營管理碩士班(IMBA)
    91933033
    92
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0091933033
    Data Type: thesis
    Appears in Collections:[International MBA] Theses

    Files in This Item:

    File Description SizeFormat
    93303301.pdf43KbAdobe PDF21382View/Open
    93303302.pdf17KbAdobe PDF21242View/Open
    93303303.pdf19KbAdobe PDF21716View/Open
    93303304.pdf26KbAdobe PDF21249View/Open
    93303305.pdf27KbAdobe PDF21266View/Open
    93303306.pdf26KbAdobe PDF22687View/Open
    93303307.pdf62KbAdobe PDF21635View/Open
    93303308.pdf89KbAdobe PDF21447View/Open
    93303309.pdf172KbAdobe PDF21632View/Open
    93303310.pdf86KbAdobe PDF21312View/Open
    93303311.pdf27KbAdobe PDF21227View/Open
    93303312.pdf27KbAdobe PDF21790View/Open
    93303313.pdf173KbAdobe PDF21441View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback