LEADER 03944nam 22006255 450 001 9910897975303321 005 20250807135655.0 010 $a3-030-67572-6 024 7 $a10.1007/978-3-030-67572-1 035 $a(MiAaPQ)EBC31738045 035 $a(Au-PeEL)EBL31738045 035 $a(CKB)36389221900041 035 $a(DE-He213)978-3-030-67572-1 035 $a(EXLCZ)9936389221900041 100 $a20241022d2024 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aVenture Capital and the Corporate Governance of Chinese Listed Companies $eAn Institutional Change Viewpoint /$fby Lin Zhang 205 $a2nd ed. 2024. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2024. 215 $a1 online resource (179 pages) 311 08$a3-030-67571-8 320 $aIncludes bibliographical references. 327 $aPART 1 The Phase Ranging from 1978 to 2012 -- An Introduction to Adaptive Efficiency and Corporate Governance -- The Then Practice of Corporate Governance of Chinese Listed Companies -- The Difficulty of Fundraising Suffered by Chinese Domestic -- The Underdevelopment of Incentives in the Operation of Chinese Domestic VCs -- The Lack of Efficient Exit Channels for Chinese Domestic VCs -- The Lower Level of Risk Tolerance of Chinese Domestic Venture Capitalists -- Conclusion -- Part 2 The Phase Ranging from 2013 to Present -- The Current Practice of Corporate Governance of Chinese Listed Companies from the Perspective of Corporation Social Responsibility -- The Stakeholder-oriented Model and Venture Capital: Based on the Evidence of Chinese SMEs. 330 $aDuring the last ten years, China has made remarkable progress in the development of its venture capital market; however, Chinese domestic venture capital has been marginalized by American competitors. Using American venture capital as a mirror, this book empirically demonstrates that Chinese domestic venture capital lacks the four factors related to the success of their American counterparts: large and independent funding, application of incentive mechanisms, efficient exit channels, and a high-risk tolerance level. More importantly, the author shows how these defects are closely linked to the corporate governance of state-controlled listed companies. Featuring updated data and new developments since the publication of the first edition in 2012, with a focus on corporate social responsibility and the stakeholder-oriented model in Chinese small- and medium-sized enterprises (SMEs), this new edition demonstrates the negative economic and social impact of corporate governance of Chinese state-controlled listed companies and identifies potential policy reforms to harmonize agency costs and adaptive efficiency. This book is great for researchers, scholars, students, and policymakers interested in corporate governance of Chinese venture capital markets. 606 $aNew business enterprises 606 $aVenture capital 606 $aFinance 606 $aEntrepreneurship 606 $aSchools of economics 606 $aStart-Ups and Venture Capital 606 $aFinancial Economics 606 $aEntrepreneurship 606 $aHeterodox Economics 615 0$aNew business enterprises. 615 0$aVenture capital. 615 0$aFinance. 615 0$aEntrepreneurship. 615 0$aSchools of economics. 615 14$aStart-Ups and Venture Capital. 615 24$aFinancial Economics. 615 24$aEntrepreneurship. 615 24$aHeterodox Economics. 676 $a332.041540951 700 $aZhang$b Lin$f1927-$01846307 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910897975303321 996 $aVenture Capital and the Corporate Governance of Chinese Listed Companies$94430541 997 $aUNINA