The Role of Founder-CEO, Human Capital and Legitimacy in Venture Capital Financing in China’s P2P Lending Industry

The paper investigates factors to financing from venture capital (VC) in the Peer (P2P) lending industry of China. We focus on signal effects founder-CEOs, human capital, and legitimacy investment. An important issue for entrepreneurship research is how reduce t information asymmetry between entrepreneurs potential investors. This builds theory explain new ventures can their qualities promising businesses investors obtain external By using a total 2388 China’s P2P industry, this analyzed VC found that founder-CEO status third-party signals are crucial support capital. CEO’s international experience has positively significant financing, but CEOs insignificant get results indicate should pay more attention build ways signaling resource providers.