Is the venture capital market liquid? Evidence from India

James Dominic; Arun Kumar Gopalaswamy

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Is the venture capital market liquid? Evidence from India

机译：风险资本市场具有流动性吗？来自印度的证据

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Venture capital; Investment duration; Market liquidity; VC exit%This paper models investment duration in the Indian venture capital (VC) market, by industry and exit route. We examined 3416 investment and exit transactions in India during the period 2000-2017 and found that the probability of staying invested for more than ten years was 70%. Exit probabilities were low in most sectors. Investment duration was not positively associated with the investment valuation; rather, it was impossible to exit from the majority of investments because of the illiquidity of the VC market.

机译：风险投资;投资期限；市场流动性；风险投资退出百分比本文按行业和退出路线对印度风险资本（VC）市场的投资期限进行建模。我们检查了2000-2017年期间印度的3416笔投资和退出交易，发现保持投资十年以上的可能性为70％。大多数部门的退出概率都很低。投资期限与投资估值没有正相关关系；相反，由于风险投资市场的流动性不足，不可能退出大多数投资。

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《Global finance journal》 |2019年第2019期|146-157|共12页
作者
James Dominic; Arun Kumar Gopalaswamy;
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Department of Management Studies, Indian Institute of Technology, Madras, Adyar, Chennai 600036, India;

Department of Management Studies, Indian Institute of Technology, Madras, Adyar, Chennai 600036, India;

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Is the venture capital market liquid? Evidence from India

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