A Venture Capital Portfolio Model Based on Considering the Allocation of both Capital Investment and Managerial Advisory

摘要：

Venture capitalists’management support is of the same importance to the success of venture businesses as the capital support. The inputs of management and the investment of capital will together affect venture capitaliats’specific choices of venture businesses. Assume that venture capitalists and venture entrepreneurs could reach an optimal contract,we defined an impact factor of man agement advisory based on variance analysis,and put forward an expected profit function of a venture capital portfolio which is affected by the input of management. Then,we constructed a general venture capital portfolio model After simplifying the measurement of risk,we constructed a simplified model The model could act as guidance of how to allocate capital and management in venture capital portfolio investment.

关键词： Management advisory venture capital portfolio venture capitalists impact factor

作者: PENG Fei ZHANG Weiguo TANG Haimng

作者单位: College of Business,South China University of Technology,P. R. China School of Economics and Managem School of Economics and Management,South China Normal University,P. R. China College of Accounting,Guangdong University of Business Studies,P R. China

会议类型: 国际会议

会议名称: Zhengzhou Conference Conference on Management of Technology(2009郑州技术管理研讨会 MOT2009)

会议地点: 郑州

会议语种:英文

页码: 703-707

在线出版日期: 2009-04-17（万方平台首次上网日期，不代表论文的发表时间）