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12月26日,杜倩倩(香港理工大学会计及金融学院)
发布时间:2019-12-23   发布人:zs   点击数:6519

报告人:杜倩倩,香港理工大学会计及金融学院

时间:2019年12月26日(周四)下午3:30-5:00

地点:博学楼1222

报告题目: Getting Tired of Your Friends: The Dynamics of Venture Capital Relationships

摘要:Does doing more deals together always strengthen investor relationships? Based on the relationships of the top 50 US venture capital firms, this paper focuses on the strengths of relationships and their dynamic evolution. Empirical estimates indicate that having a deeper relationship leads to fewer, not more future coinvestments. Moreover, deeper relationships lead to lower exit performance, even after controlling for endogeneity. Interestingly, deeper relationships first lead to lower performance, and subsequently lead to a slowdown in the relationship intensity. Relationship effects are more negative for VC firms with less central network positions, and for deals made in “hot” investment markets. 

报告人简介:Dr. Qianqian Du is an Assistant Professor of Finance at School of Accounting and Finance, Hong Kong Polytechnic University. Dr. Du specializes in the field of Entrepreneurial Finance, Financial Analysts, and Corporate Governance. Her work has been presented in major academic conferences such as AFA, WFA, FIRS, CICF and the World Economic Forum in Davos 2010. She has received the Best Paper Awards from CICF and TCFA. She has published her research in both finance and economics journals such as the Journal of Financial and Quantitative Analysis, Review of Finance, Journal of Empirical Finance, and Economic Letters. Prior to joining PolyU, Dr. Du worked as an Asisstant Professor at Shanghai Advanced Institute of Finance (SAIF), Shanghai Jiaotong University. She received her B.A. in economics from Shandong University, M.Sc in economics from Oxford, and Ph.D in business economics from University of British Columbia.

报告人主页:https://af.polyu.edu.hk/people/academic-staff/dr-qianqian-du/

 

 

 

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