Affiliations: [a]
School of Business, Jiangnan University, Jiangsu, China
| [b]
Center for Finance and Accounting Research, University of International Business and Economics, Beijing, China
Correspondence:
[*]
Corresponding author. Lei Wang, School of Business, Jiangnan University, Jiangsu 214122, China. Tel.: +86 15206179962; Fax: +86 051085913595; E-mail: [email protected].
Abstract: Corporate venture capital refers to the direct venture investment in private companies made by non-financial corporations with specific core business. Along with rapid growth of Chinese economy, domestic venture capital has gone through a fantastic development among which corporate venture capital is an outstanding one. The study on the different types of venture captital, especially corporate venture capital, is required by the establishment and improvement of the mutiple-level capital market in China. Only on the basis of through understanding of the traits, advantages and disadvantages of corporate venture capital evaluation, we can set a better platform for its further development, contributing to the promotion of the entire venture capital market. In this paper, we utilize Hamacher operations to develop some intuitionistic fuzzy aggregation operators: intuitionistic fuzzy Hamacher weighted geometric (IFHWG) operator, intuitionistic fuzzy Hamacher ordered weighted geometric (IFHOWG) operator and intuitionistic fuzzy Hamacher hybrid geometric (IFHHG) operator. The prominent characteristic of these proposed operators are studied. Then, we have utilized these operators to develop some approaches to solve the intuitionistic fuzzy multiple attribute decision making problems for investment performance evaluation of corporate venture capital. Finally, a practical example for investment performance evaluation of corporate venture capital is given to verify the developed approach and to demonstrate its practicality and effectiveness.
