Research on the Influence of Investor Experience and Investment Strategy on Investment Return

DOI

10.2991/assehr.k.211209.248How to use a DOI?

Keywords

Private equity investment fund; Investor experience; Investment strategy; Investment return

Abstract

With the public’s response to “mass entrepreneurship and innovation” and the gradual regulation of the financial market, venture capital industry in China has developed rapidly in recent years, which not only stimulates economic growth, but also promotes technological progress. However, there are still big differences in the performance of different venture capital entities. In this paper, we take the investment events of 540 private equity investment funds established in my country from 2008 to 2018 as a sample, and attempt to examine the impact of the investor experience and investment strategy of my country’s venture capital institutions on investment returns. Through correlation analysis, hierarchical regression analysis and robustness test of variables, the empirical results show that: the investor experience of venture capital institutions is positively correlated with investment returns; industry-specialized investment strategies have a convex relationship with investment returns; regionally-specialized investment strategies have no correlation with investment returns.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Jitao Hu
AU  - Longying Hu
PY  - 2021
DA  - 2021/12/15
TI  - Research on the Influence of Investor Experience and Investment Strategy on Investment Return
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 1526
EP  - 1534
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.248
DO  - 10.2991/assehr.k.211209.248
ID  - Hu2021
ER  -