MIT Libraries homeMIT Libraries logoDSpace@MIT

MIT
View Item 
  • DSpace@MIT Home
  • MIT Libraries
  • MIT Theses
  • Graduate Theses
  • View Item
  • DSpace@MIT Home
  • MIT Libraries
  • MIT Theses
  • Graduate Theses
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Developing a private equity business in China

Author(s)
Gui, Zhaoyu
Thumbnail
DownloadFull printable version (3.265Mb)
Other Contributors
Sloan School of Management.
Advisor
Stewart C. Myers.
Terms of use
M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582
Metadata
Show full item record
Abstract
The private equity business, a good complement to the public equity market and the debt market, has been playing an increasing role in China. However, there is no universal formula for doing this business. As an art rather than a science, it varies from country to country. After two decades of reform and open-door policy, Chinese enterprises are essentially the same as the ones in developed countries. The major difference lies in the different developmental stages and business environments such as the dominant governmental role in China, the lack of business leaders and the immaturity of financial market. This different business environment drives a different market structure including more venture investments than buy outs, more late-stage and pre-IPO investments than early stage, and more investment in private sectors than state-owned enterprises. As a result, the excess of investment capital focuses on the small market of late-stage investments with a high potential of IPO.
 
(cont.) Given the current business environment, I suggest three key investment strategies. First, bring the value to the companies in a competitive industry by providing business model upgrades, market knowledge, and disruptive technologies. Second, originate deals by helping the government to achieve its public goal of restructuring industry resources and accelerating Chinese enterprise globalization and modernization in regulated industries. Third, seek any possible investment opportunities provided by the immature financial market.
 
Description
Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management, 2007.
 
Includes bibliographical references (leaf 70).
 
Date issued
2007
URI
http://hdl.handle.net/1721.1/39527
Department
Sloan School of Management
Publisher
Massachusetts Institute of Technology
Keywords
Sloan School of Management.

Collections
  • Graduate Theses

Browse

All of DSpaceCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

My Account

Login

Statistics

OA StatisticsStatistics by CountryStatistics by Department
MIT Libraries homeMIT Libraries logo

Find us on

Twitter Instagram YouTube

MIT Libraries navigation

SearchHours & locationsBorrow & requestResearch supportAbout us
PrivacyPermissionsAccessibility
MIT
Massachusetts Institute of Technology
Content created by the MIT Libraries, CC BY-NC unless otherwise noted. Notify us about copyright concerns.