跳到主要內容

臺灣博碩士論文加值系統

(35.168.110.128) 您好!臺灣時間:2022/08/16 06:30
字體大小: 字級放大   字級縮小   預設字形  
回查詢結果 :::

詳目顯示

: 
twitterline
研究生:花于翔
研究生(外文):Yu-Shiang Hua
論文名稱:台灣創業投資經理人及公司特質與投資行為之相關性研究
指導教授:方至民方至民引用關係蔡憲唐蔡憲唐引用關係
指導教授(外文):Cher-Min Fong
學位類別:碩士
校院名稱:國立中山大學
系所名稱:企業管理學系研究所
學門:商業及管理學門
學類:企業管理學類
論文種類:學術論文
論文出版年:2002
畢業學年度:90
語文別:中文
論文頁數:73
中文關鍵詞:經理人及公司條件投資行為創業投資
外文關鍵詞:firm characteristicsmanager characteristicsinvestment behaviorventure capital
相關次數:
  • 被引用被引用:13
  • 點閱點閱:1125
  • 評分評分:
  • 下載下載:385
  • 收藏至我的研究室書目清單書目收藏:5
在歷經了全球性的經濟衰退以及網路泡沫化之後,創投產業進入了緩步期,在此同時,創投產業面臨了另一個決定性的問題:對於創投公司來說,創投經理人需具備何種特性及條件?經理人的特性及條件對於創投公司會有什麼樣的影響?每個創投公司在策略、資金來源等等條件上皆存在許多的差異,因而造成不同類型之創投公司在人才需求上的不同,故難以找出共通之特質。在此前提下,創投公司必須瞭解何種類型之經理人會有何種投資行為及策略,以此為選擇人才的依據。本研究的目的便在於:從創投公司及經理人的特質或背景為基礎,找出影響創投經理人投資行為及考量之各種因素。
本研究主要以高階經理人特質之研究作為基礎,透過對創投相關文獻的探討,針對國內創投公司之經理人進行研究,運用統計模型對資料進行分析。研究結果顯示,影響經理人風險偏好程度之因素有下列幾項:創投公司成立年限、創投經理人之先前產業背景;而影響經理人在投資後涉入行為之因素有下列各項:創投公司成立年限、創投經理人在創投產業之年資。
Accompanied by the enormous losses cause by the worldwide economic recession and Internet bubbles, venture capital industry at the same time is faced with another crucial problems: for a venture capital firm, what characteristics should a venture capitalist possess? How does these characteristics influence the behaviors of the venture capital firms and venture capitalists themselves?
As everyone knows, venture capital firms differ significantly in business strategies and fund sources, thereby give rise to the difference of venture capital firms in selecting the characteristics of venture capitalists. Therefore, universal traits and characteristics of venture capitalists are difficult to find out. In the circumstances, venture capital firms must understand how venture capitalists characteristics may influence investment behaviors and strategies. By means of the analysis of the characteristics of venture capitalists and venture capital firms, this study tries to find out the important factors affecting the behaviors of venture capitalists.
Through the empirical research towards the Taiwan venture capitalists, several findings are presented in this study. As finding shows, some characteristics of venture capital firms such as firm age have a great influence on the behaviors of venture capitalists. Moreover, from the insignificance of some factors examined in this study, we conclude that there are still some structural factors influencing the behaviors of venture capitalists.
目錄
第一章緒論1
第一節 研究背景與動機1
第二節 研究目的4
第三節 研究範圍6
第二章文獻探討及研究假設發展7
第一節 影響風險偏好程度之因素7
第二節 投資後涉入之影響因素12
第三節 研究假設之建立18
第三章研究方法26
第一節 研究架構之建立26
第二節 研究假設27
第三節 研究對象之選擇28
第四節 變數之操作性定義29
第五節 統計分析方法32
第四章研究結果分析38
第一節 實證分析之結果38
第二節 研究結果44
第三節 討論46
第五章結論與建議50
第一節 結論50
第二節 建議53
第三節 管理意涵57
第四節 建議與未來研究方向58
第五節 研究限制59
參考文獻60
附錄:問卷67
中文部分
中華民國創業投資商業同業公會,2001,《中華民國八十九年度創業投資調查報告專刊》。
江正信,2000,《高階經營團隊與企業決策模式、組織學習傾向、創新能力及經營績效之關係研究》,成功大學企業管理學系碩士論文。
沈如騏,1998,《董事會與高階管理團隊特質對高科技公司研究發展投入之影響》,國立中山大學企業管理研究所碩士論文。
邑仁杰,1995,《我國創業投資公司監督行為及經營績效》,中正大學財務金融研究所碩士論文。
邱士榮,2000,《高階經營團隊特質與策略科技聯盟之關係影響研究--以高科技產業為例》,成大國企所碩士論文
林聖凡,2000,《高階管理團隊特質、產業環境特質與企業海外投資行為之研究》,暨南國際大學企管所碩士論文。
許蕙婷,1996,《我國創業投資事業參與行與價值貢獻之研究》,中山大學財務管理研究所碩士論文。
蔡幸娟,1998,《台灣地區創業投資事業專業經理人之投資評估準則研究》,台灣大學國企所碩士論文。
薛招治,1999,《高階管理團隊組成特性之演變-以台灣電子資訊產業為例》,雲林科技大學企管所碩士論文。
英文部分
Aluto, J. A., & Hrebiniak, L. G.,(1975), “Research on commitment to employing organizations: Preliminary findings on a study of managers graduating from engineering and MBA programs”, Academy of Management Meeting, New Orleans.
Armour, H.O., & Teece, D.J.(1978), “Organizational structure and economic performance: a test of the multidivisional hypothesis”, Bell Journal of Economics, 9(1)
Bantel, K., & Jackson, S.(1989), “Top management and innovations in banking: Does the composition of the top team make a difference?”, Strategic Management Journal, 10, 107-124.
Bantel K.A.(1993), “Top team, environment, and performance effects on strategic planning formality”, Group and Organization Management, 18, 436-458.
Begley, T. M., & Boyd, D.(1986), “Executive and Corporate Correlates of Financial Performance in Smaller Firms”, Journal of Small Business Management, 24(2)
Birley, S.(1989), “Female Entrepreneurs: Are They Really Any Different?”, Journal of Small Business Management, 27(1)
Bowman, E. H.(1980), “A risk-return paradox for strategic management”, Sloan Management Review, 21(3): 17-31
Bowman, E. H.(1982), “Risk seeking by troubled firms”, Sloan Management Review, 23(4): 33-42
Brockhaus, R. H., Sr.(1980), “Risk Taking Propensity of Entrepreneurs” ,Academy of Management Journal; 23(3)
Brockhaus, R. H., Sr.(1987), “Entrepreneurial Research: Are We Playing the Correct Game?”, American Journal of Small Business, 11(3)
Carlson, R., & Karlsson, K. (1970), “Age, cohorts, and the generation of generations”, American Sociological Review, 35, 710-718
Carter, R. B., & Van Auken, H. E.(1994), “Venture capital firms’ preferences for projects in particular stages of development”, Journal of Small Business Management, 32(1), 60-73
Chandler, G. N., & Hanks, S. H.(1994), “Market attractiveness, resource-based capabilities, venture strategies, and venture performance”, Journal of Business Venturing, 9, 331-349
Chevalier, J., & Ellison, G.(1995), “Risk taking by mutual funds as a response to incentives”, Working paper, University of Chicago, Chicago, IL; Massachusetts Institute of Technology, Cambridge, MA
Child, J. (1974), “Managerial and organizational factors associated with company performance”, Journal of Management Studies, 11, 13-27
Chown, S. M.(1960), “The Wesley rigidity inventory: A factor-analytic approach”, Journal of Abnormal and Social Psychology, 61, 491-494
Collins, O., & Moore, D. G.,(1970), “The organization makers”, New York: Appleton-Century-Crofts.
Coombs, C.H., & Huang, L.(1970), “Tests of a portfolio theory of risk preference”, Journal of Experimental Psychology, 85, 23-29
Cromie, S.(1994), “Entrepreneurship: The role of the individual in small business development”, IBAR
Cyert, R., & March, J.(1963), “A behavioral theory of the firm”.
Daellenbach, U. S., McCarthy, A. M., & Schoenecker, T. S. (1999), ”Commitment to innovation: The impact of top management team characteristics”, R&D Management, 29(3), 199-208.
Diamond, D.(1989), “Reputation acquisition in debt markets”, Journal of Political Economy, 97, 828-862
Elango, B., Fried, V. H., Hisrich, R. D., & Polonchek, A.(1995), “How venture capital firms differ”, Journal of Business Venturing, 10, 157-179
Ensley, M. D., Pearson, A. W., & Amason, A. C.(2002), “Understanding the dynamics of new venture top management teams: Cohesion, conflict, and new venture performance”, Journal of Business Venturing, 17, 365-386
Finkelstein, S., & Hambrick, D. C.(1990), “Top-management-team tenure and organization outcomes: The moderating role of managerial discretion”, Administrative Science Quarterly, 35, 484-503
Finkelstein, S.(1992), “Power in top management teams: Dimensions, measurement, and validation”, Academy of Management Journal, 35, 484-503
Fisher, N., & Hall, G.. R. (1983), “Risk and corporate rates of return”, Quarterly Journal of Economics, 79-92
Fong, C. M.(1995), “The Effects of Organizational Characteristics on Entry Timing: A Multi-Industry Study”, Unpublished Doctoral Dissertation, University of Maryland.
Fried, V. H., & Hisrich, R. D.(1991), “Venture capital firms: Commonalities and differences”, Management Research News, 14(3), 17-33
Fried, V. H., & Hisrich, R. D.(1995), “The venture capitalist: A relationship investor”, California Management Review, 37(2), 101-115
Gompers, P. A.(1995), “Optimal investment, monitoring, and the staging of venture capital”, Journal of finance, 50, 1461-1489
Gompers, P. A.(1995), “A clinical examination of convertible debt in venture capital investments”, Working paper, Harvard University, Cambridge, MA
Gompers, P. A.(1996), “Grandstanding in the venture capital industry”, Journal of Financial Economics, 42, 133-156
Gorman, M., & Sahlman, W.A.(1986), “What do venture capitalists do?”, Frontiers of Entrepreneurship Research, 1986, Wellesley, MA: 414-436
Gupta, A. K., & Govindarajan, V.(1984), “Business unit strategy, managerial characteristics, and business unit effectiveness at strategy implementation”, Academy of Management Review, 27, 25-41
Gupta, A. K., & Sapienza, H. J.(1992), “Determinants of venture capital firms’ preferences regarding the industry diversity and geographic scope of their investments”, Journal of Business Venturing, 7, 347-362
Haleblian, J., & Finkelstein, S.(1993), “Top management team size, CEO dominance, and firm performance: The moderating roles of environmental turbulence and discretion”, Academy of Management Journal, 36(4), 844-864
Hambrick, D. C., & Mason, P. A.(1984), “Upper echelons: The organization as a reflection of its top managers”, Academy of Management Review, 9(2),193-206
Hambrick, D. E., & Schecter, S. (1983), “Turnaround strategies for mature industrial product business units”, Academy of Management Journal, 26: 231-248.
Harrigan, K. R. (1981), “Deterrents to Divestiture”, Academy of Management Journal, 24(2)
Hoffman, L. R., & Maier, N. R. F.(1961), “Quality and acceptance of problem solution by members of homogeneous and heterogeneous groups”, Journal of Abnormal and Social Psychology, 58, 27-32
Kimberly, J. R., & Evanisko, M. J.(1981), “Organizational innovation: The influence of individual, organizational, and contextual factors on hospital adoption of technological and administrative innovations”, Academy of Management Journal, 24(4), 689-713
Macmillan, I. C., Siegel, R., & Subbanarasimha, P. N. (1985), “Criteria used by venture capitalists to evaluate new venture proposals”, Journal of Business Venturing, 1, 119-128
Macmillan, I. C., & Subbanarasimha, P. N.(1987), “Research notes and communications: characteristics distinguishing funded from unfounded business plans evaluated by venture capitalists”, Strategic Management Journal, 8, 579-585
Macmillan, I. C., Kulow, D. M., & Khoylian, R.(1988), “Venture capitalist’ involvement in their investments: The extent and performance”, Journal of Business Venturing, 4, 27-47
McCarthy, B.(2000), “Researching the dynamics of risk-taking and social learning: n exploratory study of Irish entrepreneurs”, Irish Marketing Review, 13(1), 46-60
McClelland, D. C.(1961), “The achieving society”, Princeton, NJ, Van Nostrand
McGrath, R. G., MacMillan, I. C., & Scheinberg, S.(1992), “Elitists, Risk-Takers, and Rugged Individualists? An Exploratory Analysis of Cultural Differences Between Entrepreneurs and Non-Entrepreneurs”, Journal of Business Venturing, 7(2)
Michel, J. G., & Hambrick, D. C.(1992), “Diversification posture and topmanagement team characteristics”, Academy of Management Journal, 35, 9-37
Mohr, L. B.(1969), “Determinants of innovation in organizations”, American Political Science Review, 63, 111-126
Palmer, M.(1971), “ The application of psychological testing to entrepreneurial potential” , California Management Review, 13(3)
Pfeffer, J., & Salancik, G. R.(1978), “The external control of organizations : A resource dependence perspective”, New York: Harper & Row Publishers
Rajagopalan, N., & Datta, K. D.(1996), “CEO characteristics: Does industry matter?”, Academy of Management Journal, 39(1), 197-215
Rea, R. H.(1989), “Factors affecting success and failure of seed capital/start-up negotiations”, Journal of Business Venturing, 4,149-158
Rhunka, J. C., & Young, J. E.(1991), “Some hypotheses about risk in venture capital investing”, Journal of Business Venturing, 6, 115-133
Robinson, Jr, R. B.(1987), “Emerging strategies in the venture capital industry”, Journal of Business Venturing, 2, 53-77
Rosenstein, j., Bruno, A. V., Bygrave, W. D., & Taylor, N. T.(1993), “The CEO, venture capitalists, and the board”, Journal of Business Venturing, 8, 99-113
Roure, J. B., & Madique, M. A.(1986), “Linking prefunding factor and high-technology venture success: An exploratory study”, Journal of Business Venturing, 1, 295-306
Sahlman, W. A., (1990), “The Structure and Governance of Venture —Capital Organizations”, Journal of Financial Economics, Amsterdam
Sapienza, H. J., Manigart, S., & Vermeir, W.(1996), “Venture capitalist governance and value added in four countries”, Journal of Business Venturing, 11,439-469
Schwer, R. K., & Yucelt, U.(1984), “A Study of Risk-Taking Propensities Among Small Business Entrepreneurs and Managers: An Empirical Evaluation”, American Journal of Small Business; 8(3)
Sexton, D. L., & Bowman, N. B.(1984), “Entrepreneurship Education: Suggestions for Increasing Effectiveness”, Journal of Small Business Management; 22(2)
Sexton, D. L., & Bowman, N. B.(1990), “Female and Male Entrepreneurs: Psychological Characteristics and Their Role in Gender-Related Discrimination”, Journal of Business Venturing, 5(1)
Shaw, M. E.(1981), “Group dynamics: The psychology of small group behavior”, McGraw-Hill
Shepherd, W.G..(1979), “The economics of industrial organization”, Englewood Cliffs: Prentice-Hall
Shephard, D. A., & Zarcharakis, A.(2001), “Venture capitalists’ expertise: A call for research into decision aids and cognitive feedback”, Journal of Business Venturing, 17, 1-20
Siegel, R., Siegel, E., & Macmillan, I. C(1993)., “Characteristics distinguishing high-growth ventures”, Journal of Business Venturing, 8, 169-180
Singh, J. V.(1983), “Performance, slack, and risk taking in strategic decisions: Test of a structural equation model”, Unpublished doctoral dissertation, Graduate School of Business, Stanford University
Singh, J. V.(1986), “Performance, slack, and risk taking in organizational decision making”, Academy of Management Journal, 29(3), 562-585
Smith, K. G., Smith, K. A., Olian, J. D., Sims, H. P., O’Bannon, D. P., & Scully, J. A.(1994), “Top management team demography and process: The role of social integration and communication”, Administrative Science Quarterly, 39, 412-438
Steiner, L., & Greenwood, R.(1995), “Venture capitalist relationships in the deal structuring and post-investment stages of new firm creation”, Journal of Management Studies, 32(3)
Sykes, h. B.(1986), “The anatomy of a corporate venturing program: Factors influencing success”, Journal of Business Venturing, 1, 275-293
Taylor, R. N.,(1975), “Age and experience as Determinants of managerial information processing and decision making performance”, Academy of Management Journal,18,p74-81
Timmons, J. A., & Bygrave, W. D.(1986), “Venture capital’s role in financing innovation for economic growth”, Journal of Business Venturing, 2, 161-176
Thompson, V. A.(1969), “Bureaucracy and innovation”, University, Ala., University of Alabama Press
Wiersema, M. F., & Bantel, K.A. (1992), “Top Management Team Demography and Corporate Strategic Change”, Academy of Management Journal, 35(1),
Zacharakis, A. L., & Meyer, G. D.(1998), “A lack of insight: Do venture capitalists really understand their own decision process?”, Journal of Business Venturing, 13, 57-76
QRCODE
 
 
 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                               
第一頁 上一頁 下一頁 最後一頁 top
無相關期刊