Venture Capital and Property Rights System

Author: Zhang Yongheng
Publisher:
Publish Date: 2002-03-01
Features: This book examines the historical evolution of the property rights system in venture capital, thereby not only understanding, both theoretically and practically, why a property rights system with its own characteristics has formed in venture capital. Since venture capital involves both risk capital organizations and risk enterprises, this book also investigates the property rights system of venture capital from both perspectives and explores the interactive relationship between them. Furthermore, the book conducts a comparative study of the property rights systems of venture capital in the United States, Japan, and Taiwan, distinguishing their similarities and differences, and further argues that the limited partnership property rights system created by the United States is more suitable for the development of venture capital.