Human Capital of Venture Capital and Investing Performance
Abstract
Based on the macro data from 2006 to 2013 of Chinese venture capital institutions, this paper studies the relationship between the average human capital level and the investment performance and its impact mechanism using factor analysis and regression analysis. I finds that the overall performance level of the venture capital industry in China is influenced by different dimensions of human capital in different index, and it is also constrained by the economy developing level and investment environment. For example, in 2008 and 2013 IPO suspended which significantly weakened the influence of human capital (as opposed to individual institutions).
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