An Improved AHP-Based Evaluation Study on the Investment Risk of Venture Capital Company

Author(s):  
Gui-lan Hu
2020 ◽  
Vol 14 ◽  
Author(s):  
Yan Zhou

Background: The reform and innovation of recording technology has resulted in recording becoming an exciting, developing project. Against the background of Internet +, traditional analogue technology has developed into digital recording technology, playing an important role in various fields. Venture capital in digital recording technology projects has also attracted attention from all circles. Objective: This paper aims to, by sorting out literature on venture capital, analyze the measurement method of project investment risk, and then, after analyzing the risk factors existing in the investment of digital recording technology under the “Internet +”, propose measures to control these risk factors. At the same time, taking CY company as an example, the investment risk prevention strategy of digital recording technology project is applied to the risk investment evaluation practice of CY company. Methods: This paper reviews and comments the literature on venture capital, and sorts out the evaluation methods of project investment risk. After studying the project investment risk of digital recording technology, this paper finds out the preventive strategies to deal with these risks, and applies them to risk investment evaluation of CY. This paper proposes investment suggestions basing on various factors, and makes an overall evaluation of the value of digital recording technology project, which hopefully will act as a reference for venture capital institutions when investing in digital recording technology in the future. Results: The countermeasures against investment risks in digital recording technology projects are: 1. Identification of countermeasures against investment risks in digital recording technology projects. 2. Encouragement and promotion of joint-stock cooperation and reduction of operational risks 3. Establishment and improvement of financial risk control. Conclusion: Digital technology, which is continuously improving, has penetrated recording technology. With mindful awareness of investment risks and careful investment in recording technology projects, digital technology can improve living standards while making the flexibility and form of recording work more artistic and enabling recording technology to reach new heights.


2018 ◽  
Vol 8 (1) ◽  
pp. 23-37
Author(s):  
Houda Dziri ◽  
Anis Jarboui

The present research work is designed to examine the Tunisian corporate case financing strategy as undertaken by the venture capital institutions, on the basis of some criteria applied during the selection process. After discussing the theoretical relationship between the venture capitalist and the entrepreneur, we are advancing an empirical model testing the influence of the venture capitalist’ selection criteria on the acceptance to finance the enterprise. Overall, the study’s reached finding, as conducted on a sample of 41 venture capital companies operating up until the end of the year 2016. In fact, the study have revealed well the significantly impact of certain adopted criteria in relation to the other criteria and it maintains that the venture capitalist’ attitude towards the investment risk.


2019 ◽  
Vol 10 (3) ◽  
pp. 848-859
Author(s):  
Zaheer Anwer

Purpose This study aims to explore how Islamic venture capital (IVC) structure can be established by introducing modifications in traditional venture capital (VC) structure. The motivation stems from the criticism on the existing Islamic finance products, that are said to be Shariah-compliant in form but do not fulfil objectives of Shariah whereas IVC is portrayed by existing literature as an ideal risk sharing based product. Design/methodology/approach This study uses a questionnaire method to understand IVC philosophy, structure and operational approach and asked the respondents to identify how IVC differs in respect of these traits from conventional VC. The authors collected 50 questionnaires from IVC practitioners, regulators, academicians and Islamic finance (IF) consultants in three countries, namely, Malaysia, Pakistan and Turkey. Findings IVC can be incorporated by introducing some modifications in traditional VC structure. They need to appoint a full-time Shariah scholar, to ensure compliance to Shariah principles. IVCs should refrain from dealing in impermissible business activities. They can choose any prevailing method for valuation and investment mode, provided it follows principles of Shariah. IVCs are exposed to unique risks such as Shariah non-compliance risk and equity investment risk and they need additional measures to safeguard against these risks. They can adopt any exit strategy, provided funds are procured from halal sources. Finally, IVC is found to hold the potential to achieve the desired objectives of IF. Originality/value This study fills the gap in the existing literature related to IVC investments as no study, to the best of the author’s knowledge, has evaluated the dynamics of IVC by using responses from industry, academia and regulators.


2009 ◽  
Vol 53 (1-2) ◽  
Author(s):  
Britta Klagge ◽  
Carsten Peter

Knowledge management in networks of varying geographical scopes: The example of private equity (PE) in Germany. An analysis of the private equity (including venture capital) value chain shows that private equity firms’ strategies integrate and rely on the exchange of knowledge with various external partners in order to reduce investment risk. In our paper we theoretically discuss and empirically examine what type of relationships and positions are aimed for by PE-firms and how this translates into knowledge management and network strategies. Specifically we explore the geographical scope of PE-networks and how PE-firms’ knowledge management connects and integrates regional and supraregional networks.We will show that although regional financial centres function as nodes in these networks, PE-activities do not seem to play an important role in (re)stimulating financial dynamics in these centres.


2020 ◽  
Vol 14 ◽  
Author(s):  
Hao Dai ◽  
Chaoqi Zhang ◽  
Xiaojing Yang

Background: Joint investment has increasingly become a popular investment method for venture capitalists. From the two traditional perspectives of investors and start-ups, research on Joint Venture Capital in the past 40 years has achieved rich results. Most recent literature is based on research from the perspective of organisational economics, which further advances the vertical development of research on Joint Venture Capital. Objective: The objective of this paper is to review research topics and core literature on Joint Venture Capital from the perspective of organisational economics, and through introducing the model of venture capitalists' ‘bounded rationality’ and evolutionary game in the joint investment risk analysis, this paper distinguishes the influence of the game model on the formation of joint investment. Finally, it reaches a conclusion and suggests a direction for future research. Method: This paper finds and reviews literature on joint venture capital and dynamic game model of joint investment risk is collated to reduce the actual risk assumed by each investor. Additionally, the paper summarises research topics and progress from the perspective of organisational economics to identify possible research directions for the future. Results: Based on the evolutionary game method for analysis of the model of joint investment, the following conclusion is drawn: the greater the heterogeneity of the participating entities, the smaller the unit conflict cost benefit and the greater the probability of successful joint venture investment. The joint investment operation mechanism will also be maintained in a long-term and stable manner. Conclusion: From the perspective of organisational economics, the latest research on Joint Venture Capital has extensively absorbed new research results of relevant disciplines. Consequently, Joint Venture Capital activities can be understood from a broader perspective and with new insights, which reflect complex and dynamic interaction and correlative dependence between network members. To establish a more successful joint investment model, the paper introduces a relatively novel evolutionary game method for analysis of the joint investment model.


2002 ◽  
Vol 18 (3) ◽  
pp. 229-241 ◽  
Author(s):  
Kurt A. Heller ◽  
Ralph Reimann

Summary In this paper, conceptual and methodological problems of school program evaluation are discussed. The data were collected in conjunction with a 10 year cross-sectional/longitudinal investigation with partial inclusion of control groups. The experiences and conclusions resulting from this long-term study are revealing not only from the vantage point of the scientific evaluation of new scholastic models, but are also valuable for program evaluation studies in general, particularly in the field of gifted education.


2018 ◽  
Vol 49 (1) ◽  
pp. 3-15 ◽  
Author(s):  
Malte Schott ◽  
Jule Wolf

Abstract. We examined the effect of presenting unknown policy statements on German parties’ election posters. Study 1 showed that participants inferred the quality of a presented policy from knowledge about the respective political party. Study 2 showed that participants’ own political preferences influenced valence estimates: policy statements presented on campaign posters of liked political parties were rated significantly more positive than those presented on posters of disliked political parties. Study 3 replicated the findings of Study 2 with an additional measure of participants’ need for cognition. Need for cognition scores were unrelated to the valence transfer from political parties to policy evaluation. Study 4 replicated the findings of Studies 2 and 3 with an additional measure of participants’ voting intentions. Voting intentions were a significant predictor for valence transfer. Participants credited both their individually liked and disliked political parties for supporting the two unknown policies. However, the credit attributed to the liked party was significantly higher than to the disliked one. Study 5 replicated the findings of Studies 2, 3, and 4. Additionally, participants evaluated political clubs that were associated with the same policies previously presented on election posters. Here, a second-degree transfer emerged: from party valence to policy evaluation and from policy evaluation to club evaluation. Implications of the presented studies for policy communications and election campaigning are discussed.


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