Using a uniquely selected family-firm data set, we show that Chinese family firms are, on average, more valuable than nonfamily firms, and that their superior performance can be explained in part by their political connections. Chinese family firms in which the chairperson or CEO is politically...

This paper aims to analyze the mobilization efficiency of venture capital (VC) in China. It has been found that the dearth of venture capitalists, absence of appropriate exit channels, and lack of open, active, mature, and stable equity-driven capital markets result in low mobilization...

Using data from companies listed on the Growth Enterprise Market (GEM) from 2009 to 2010, this article investigates the effect of venture capital firms on initial public offering (IPO) underpricing. The empirical results suggest that venture capital firms have a limited and weak role in...