Pottery and Porcelain Factories of China
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Mutual Funds As Venture Capitalists? Evidence from Unicorns
Mutual Funds as Venture Capitalists? Evidence from Unicorns Sergey Chernenko Josh Lerner Yao Zeng Working Paper 18-037 Mutual Funds as Venture Capitalists? Evidence from Unicorns Sergey Chernenko Purdue University Josh Lerner Harvard Business School Yao Zeng University of Washington Working Paper 18-037 Copyright © 2017, 2018, 2019, 2020 by Sergey Chernenko, Josh Lerner, and Yao Zeng. Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. Funding for this research was provided in part by Harvard Business School. Mutual Funds as Venture Capitalists? Evidence from Unicorns1 Sergey Chernenko Josh Lerner Yao Zeng Purdue University Harvard University University of Washington and NBER February 2020 Abstract The past decade saw the rise of both “founder-friendly” venture financings and non-traditional investors, frequently with liquidity constraints. Using detailed contract data, we study open-end mutual funds investing in private venture-backed firms. We posit an interaction between the classic agency problem between entrepreneurs and investors and the one between early-stage venture investors and liquidity-constrained later-stage ones. We find that mutual funds with more stable funding are more likely to invest in private firms, and that financing rounds with mutual fund participation have stronger redemption and IPO-related rights and less board representation, -
Mutual Funds As Venture Capitalists? Evidence from Unicorns
NBER WORKING PAPER SERIES MUTUAL FUNDS AS VENTURE CAPITALISTS? EVIDENCE FROM UNICORNS Sergey Chernenko Josh Lerner Yao Zeng Working Paper 23981 http://www.nber.org/papers/w23981 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 October 2017 We thank Slava Fos (discussant), Jesse Fried, Jarrad Harford, William Mann, Ramana Nanda, Morten Sorensen, Xiaoyun Yu (discussant), and conference participants at the Southern California Private Equity Conference, London Business School Private Equity Symposium, and the FRA Meeting for helpful comments. We thank Michael Ostendorff for access to the certificates of incorporation collected by VCExperts. We are grateful to Jennifer Fan for helping us better interpret and code the certificates of incorporation. We thank Quentin Dupont, Luna Qin, Bingyu Yan, and Wyatt Zimbelman for excellent research assistance. Lerner periodically receives compensation for advising institutional investors, private equity firms, corporate venturing groups, and government agencies on topics related to entrepreneurship, innovation, and private capital. Lerner acknowledges support from the Division of Research of Harvard Business School. Zeng acknowledges support from the Foster School of Business Research Fund. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2017 by Sergey Chernenko, Josh Lerner, and Yao Zeng. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. -
Yang Liu – Biography
Violin Jack Price Managing Director 1 (310) 254-7149 Skype: pricerubin [email protected] Contents: Biography Press Repertoire Mailing Address: 1000 South Denver Avenue YouTube Video Links Suite 2104 Photo Gallery Tulsa, OK 74119 Website: http://www.pricerubin.com Complete artist information including video, audio and interviews are available at www.pricerubin.com Yang Liu – Biography Violinist Yang Liu combines outstanding technical command and sublime musicality in performances that have earned him numerous accolades in Asia, the United States and Europe. He is a former prize winner of the Twelfth International Tchaikovsky Competition in Moscow and a first prize winner of China’s National Violin Competition. The newspaper Beijing Tonight called him “The best of the billion!” Mr. Liu plays a Guarneri made in 1741 on a generous loan from Stradivary Society and Bein and Fushi Rare Violins. His repertoire ranges from baroque to the most contemporary of works. Yang Liu made his North American debut with the Atlanta Symphony orchestra, earning three nights of standing ovations for his performance of Paganini’s First Violin Concerto. This success was followed by performances with the St. Louis Symphony Orchestra conducted by Robert Spano; Cincinnati Symphony Orchestra; Cincinnati Chamber Orchestra; Hagen Symphony Orchestra, Germany; and with the Odense Symphony Orchestra, Denmark, under Maestro Christoph Eberle in a highly successful tour throughout China of which a Chinese newspaper commented: "…The Carl Nielsen concerto was soloed by Chinese violinist Yang Liu who gave an absolutely sensational performance which touched the deepest spot of our hearts... Such a musician has been rarely heard for the past ten years..."His recent engagements include concerto performances with the Orquesta Filarmonica de Bogota, Colombia performing Barber’s Violin Concerto under Maestro Amadio. -
Biblioteca Saveriana Fondo Libri Cinesi (SBC) 圣方济沙勿略会图书馆中文馆藏
Biblioteca Saveriana Fondo Libri Cinesi (SBC) 圣方济沙勿略会图书馆中文馆藏 Il fondo libri in lingua cinese ha origine quasi con l'inizio della Biblioteca Saveriana (fine sec. XIX), grazie ai libri mandati o portati dalla Cina dai missionari. Nel 2011 il fondo è stato arricchito da una importante donazione, oltre 300 opere, ricevuta dalla Biblioteca S. Antonio (PD). Così il fondo è ora costituito da circa 1100 opere in circa 1800 volumi. Parte dei libri era già stata catalogata dal professor 杨铸 Yang Zhu e da sua moglie 汪又红 Wang Youhong durante la loro permanenza presso i Missionari Saveriani a Parma dal 19 al 24 luglio 2010. Ora il catalogo delle pubblicazioni, completato, riordinato e annotato dal P. Giuliano Perozzi, è visibile sul sito web della Biblioteca. Parma, 05 novembre 2012 Catalogazione 书目 1. Archeologia 考古类 2. Arte 艺术 3. Cinese 中文 3.1 Caratteri cinesi 字 3.2 Letteratura Romanzi Storie 文学 3.3 Testi per lo studio del cinese 课本 4. Classici cinesi 经部 4.1 Dialoghi di Confucio 论语类 4.2 Poesia 诗类 4.3 Quattro Libri 四书类 4.4 Raccolte 经丛类 5. Dizionari 辭典 6. Filosofia 子部 7. Geografia 地理类 8. Letteratura 文学 9. Musica 曲类 10. Poesia 诗类 11. Religioni 宗教 11.1 Buddismo 佛教 11.2 Cattolicesimo 天主教相关资料 11.3 Religiosità popolare 数术类 12. Storia 史部 13. Varie opere 其它 14. Fuori misura 大 1. Archeologia 考古类 Collocazione: SBC 804 Titolo: 簠室殷契类纂 fǔ shì yīn qì lèi zuǎn Autore: 王襄著 wáng xiāng zhù Periodo-Anno: 1920 年 1920 nián Editrice: 天津博物院 tiānjīn bówù yuàn Tipo di stampa: 石印本 shí yìn běn Stampa su pietra Volumi: 四册 sì cè 4 volumi Soggetto: Iscrizioni. -
Supplementary Material for YUAN, XIN, WEN-WU ZHOU, YING ZHOU
Supplementary Material for YUAN, XIN, WEN-WU ZHOU, YING ZHOU, SU LIU, FANG LU, MAO-FA YANG, JIAAN CHENG, GEOFF M GURR AND ZENG-RONG ZHU−Composition and Expression of Heat Shock Proteins in an Invasive Pest, the Rice Water Weevil (Coleoptera: Curculionidae). Florida Entomologist 97(1) (March, 2014) at http://purl.fcla.edu/fcla/entomologist/browse Corresponding author: Dr. Zeng-Rong ZHU Institute of Insect Sciences, Zhejiang University, Hangzhou, Zhejiang, 310058, China Tel./fax: +86 571 88982355; E-Mail: [email protected] ABSTRACT Many factors affect the distribution of species in nature and temperature is one of the most profound. For poikilothermic groups such as insects, the capacity to adapt to different temperature regimes is particularly important for invasive species. To investigate the possible role of heat shock proteins (Hsps) in the success of the invasive pest, the rice water weevil (Lissorhoptrus oryzophilus Kuschel, Coleoptera: Curculionidae), we first analyzed the composition and expression profile of Hsp families under sub-lethal temperatures of 0 °C and 43 °C, using the quantitative real-time polymerase chain reaction. Eight genes coding Hsp90, Hsp70, and small Hsps were up-regulated under heat stress, while only 1 Hsp70 gene and 1 Hsp90 gene were up-regulated under cold stress. Results indicate that Hsps from all families except Hsp60 are responsible for the capacity of L. oryzophilus to tolerate temperature stress though more genes were up-regulated, and more rapidly, under heat stress than under cold stress. A second study compared Hsp expression patterns in diapausing and non-diapausing female adults. Insects in diapause up-regulated no Hsp gene but 4 small Hsps, 2 Hsp90, 1 Hsp70 and 1 Hsp60 genes were down-regulated. -
CHIN 102: BEGINNING CHINESE (Web-Based) SPRING 2021
CHIN 102: BEGINNING CHINESE (Web-Based) SPRING 2021 INSTRUCTOR Chang, Yufen 张瑜芬 (zhāng yú fēn) Email: [email protected] Office hours: MonDay 11:15am~12:15pm, WeDnesday 10:10am~11:10am, or by appointment Zoom link: https://wku.zoom.us/j/8487135368 TEACHING ASSISTANT/TUTOR Sim, Guan Cherng 沈冠丞 (shěn guàn chéng) Email: [email protected] Zoom link: https://wku.zoom.us/j/4833361863 WEEKLY COURSE STRUCTURE 1. Zoom meeting: 55 minutes with Dr. Chang on Monday (10:20pm ~ 11:15am) If you have a time conflict and cannot make it, please watch the recordeD class meeting on BlackboarD. The video should be available by 2pm on MonDay. 2. Tutoring: 20-minute Zoom tutoring with Mr. Sim Please go to https://docs.google.com/spreadsheets/d/10gwslnlv- ykkARUlCzSzW8FUyWKWaXbJQ7bsncTAk5E/eDit#gid=0 to sign up for your tutorial session. The tutorial session will start in the first week. Note that attending the weekly tutorial session is required and that your attendance is included in the grading system. Every week you will receive a full grade for your tutoring when you attend the session on time. If your absence for the tutoring is unexcused, you then will receive a zero for that week’s tutoring grade. If something unexpected happens and you need to reschedule the tutorial session, please contact Mr. Sim via email as early as you can. 3. Two self-learning lessons available on BlackboarD REQUIRED TEXTS 1. Tao-chung Yao & Yuehua Liu, Integrated Chinese: Textbook, Level One: Part One 2. Tao-chung Yao & Yuehua Liu, Integrated Chinese: Workbook, Level One: Part One COURSE DESCRIPTIONS AND OBJECTIVES This course is designed to introDuce ManDarin Chinese to stuDents who have completely CHIN 101. -
China's Practice of Extracting and Broadcasting Forced Conf
Submission: China’s practice of extracting and broadcasting forced confessions before trial ADDITIONAL DATA for Submission to select UN Special Procedures on: China’s practice of extracting and broadcasting forced confessions before trial 2020-08-11 Contact: Benjamin Ismaïl. Safeguard Defenders. [email protected]. +33 663 137 613. Submitted by: Safeguard Defenders ChinaAid Christian Solidarity Worldwide (CSW) Front Line Defenders Human Rights Watch (HRW) Reporters Without Borders (RSF) World Organisation Against Torture (OMCT) 1 Submission: China’s practice of extracting and broadcasting forced confessions before trial (1) OVERVIEW ......................................................................................................................................... 3 (2) Purpose of the present submission .............................................................................................. 4 (3) VIOLATIONS OF NATIONAL AND INTERNATIONAL LAWS ................................................................. 6 (4) Forced confessions: a violation of Chinese laws ........................................................................... 6 (5) Violation of international laws and standards .............................................................................. 8 (6) Right to a fair trial and related rights ........................................................................................ 8 (7) The defects of the Judiciary and International judicial standards ............................................ 9 -
A Comparative Study of Syntatic and Phonetic Features of Internet Quasi-Chengyu and Existing Chengyu
A COMPARATIVE STUDY OF SYNTATIC AND PHONETIC FEATURES OF INTERNET QUASI-CHENGYU AND EXISTING CHENGYU Yautina Zhang Master program: Language and Communication Linguistics Institute Leiden University Contents 1. Introduction .................................................................................................................................... 2 1.1. Internet language ................................................................................................................................ 2 1.2. Forms of Internet words ...................................................................................................................... 3 1.3. Introduction of related terms .............................................................................................................. 9 2. Internet quasi-chengyu .................................................................................................................. 13 2.1. Forms of Internet quasi-chengyu ...................................................................................................... 13 2.2. Syntactic features of real chengyu and Internet quasi-chengyu ....................................................... 18 2.2.1. Syntactic features of real chengyu .............................................. 18 2.2.2. Syntactic features of Internet quasi-chengyu ....................................... 29 2.3. Summary ........................................................................................................................................... -
Ideophones in Middle Chinese
KU LEUVEN FACULTY OF ARTS BLIJDE INKOMSTSTRAAT 21 BOX 3301 3000 LEUVEN, BELGIË ! Ideophones in Middle Chinese: A Typological Study of a Tang Dynasty Poetic Corpus Thomas'Van'Hoey' ' Presented(in(fulfilment(of(the(requirements(for(the(degree(of(( Master(of(Arts(in(Linguistics( ( Supervisor:(prof.(dr.(Jean=Christophe(Verstraete((promotor)( ( ( Academic(year(2014=2015 149(431(characters Abstract (English) Ideophones in Middle Chinese: A Typological Study of a Tang Dynasty Poetic Corpus Thomas Van Hoey This M.A. thesis investigates ideophones in Tang dynasty (618-907 AD) Middle Chinese (Sinitic, Sino- Tibetan) from a typological perspective. Ideophones are defined as a set of words that are phonologically and morphologically marked and depict some form of sensory image (Dingemanse 2011b). Middle Chinese has a large body of ideophones, whose domains range from the depiction of sound, movement, visual and other external senses to the depiction of internal senses (cf. Dingemanse 2012a). There is some work on modern variants of Sinitic languages (cf. Mok 2001; Bodomo 2006; de Sousa 2008; de Sousa 2011; Meng 2012; Wu 2014), but so far, there is no encompassing study of ideophones of a stage in the historical development of Sinitic languages. The purpose of this study is to develop a descriptive model for ideophones in Middle Chinese, which is compatible with what we know about them cross-linguistically. The main research question of this study is “what are the phonological, morphological, semantic and syntactic features of ideophones in Middle Chinese?” This question is studied in terms of three parameters, viz. the parameters of form, of meaning and of use. -
2020 Annual Report
2020 ANNUAL REPORT About IHV The Institute of Human Virology (IHV) is the first center in the United States—perhaps the world— to combine the disciplines of basic science, epidemiology and clinical research in a concerted effort to speed the discovery of diagnostics and therapeutics for a wide variety of chronic and deadly viral and immune disorders—most notably HIV, the cause of AIDS. Formed in 1996 as a partnership between the State of Maryland, the City of Baltimore, the University System of Maryland and the University of Maryland Medical System, IHV is an institute of the University of Maryland School of Medicine and is home to some of the most globally-recognized and world- renowned experts in the field of human virology. IHV was co-founded by Robert Gallo, MD, director of the of the IHV, William Blattner, MD, retired since 2016 and formerly associate director of the IHV and director of IHV’s Division of Epidemiology and Prevention and Robert Redfield, MD, resigned in March 2018 to become director of the U.S. Centers for Disease Control and Prevention (CDC) and formerly associate director of the IHV and director of IHV’s Division of Clinical Care and Research. In addition to the two Divisions mentioned, IHV is also comprised of the Infectious Agents and Cancer Division, Vaccine Research Division, Immunotherapy Division, a Center for International Health, Education & Biosecurity, and four Scientific Core Facilities. The Institute, with its various laboratory and patient care facilities, is uniquely housed in a 250,000-square-foot building located in the center of Baltimore and our nation’s HIV/AIDS pandemic. -
Chinese Terms and Pronunciations
JOBNAME: EE3 Lo PAGE: 1 SESS: 10 OUTPUT: Thu Jan 23 12:35:32 2020 Chinese terms and pronunciations (in Pinyin order) Terms Pinyin HÎ ānhuī ]^ ào mén 八 bā guó lián jūn 八 bā yì È bǎihuā qí fàng 日CD bǎi rì wéi xīn pq)r bài shàng dì huì AU běifá As běijīng @ ¹=ì bèi pài qiǎn láo dòng zhě A> běi yang 比 bǐ +^0ú bù mén guī zhāng @" cái dìng @¼ cái jué .H cháng ān .a cháng zhēng B cháo tíng ÐÑ chéng bāo TUVW chéng jí sī hán ìí chéng yí ' chì & chóng qìng #$% chǔ hàn xiàng zhēng |}人t chū jí rén mín fǎ yuàn |}xyz chū jí shěn pàn tīng {|} chuí lián tīng zhèng m chūnqiū 211 Vai I. Lo - 9781785363092 Downloaded from Elgar Online at 09/26/2021 05:16:31PM via free access Columns Design XML Ltd / Job: Lo-Law_and_society_in_China / Division: Lo_10-Listofterms_ed /Pg. Position: 1 / Date: 27/11 JOBNAME: EE3 Lo PAGE: 2 SESS: 10 OUTPUT: Thu Jan 23 12:35:32 2020 212 Law and society in China xyGz cí xǐ tài hòu r cūn mín wěi yuán huì 大êt dà lǐ yuàn 大á dà lián m大fDöõ dà qīng xīn xíng lǜ 大,- dà tiáo jiě m大Ð dà xué 大 dà yǔ 大Ï dà yuè jìn 大DE dà yùn hé )行 dān xíng tiáo lì dào gh)Ò dào chá wèn zé zhì m dào dé jīng dào jiā dào jiào dé É dé zhì Â小l dèng xiǎo píng Â小lêÍ dèng xiǎo píng lǐ lùn ÷方xyz dì fāng shěn pàn tīng ÷方(0 dì fāng xìng fǎ guī ÷方h0ú dì fāng zhèng fǔ guī zhāng ¬4®©矛« dí wǒ zhī jiān de máo dùn dǐng tì àáâ dǒng zhòng shū ÃùÄ革 ÃøÆ duì nèi gǎi gé duì wài kāi fàng fǎ fǎ jiā m fǎ jīng mõ() fǎ lǜ dá wèn t,- fǎ yuàn tiáo jiě É fǎ zhì Éè fǎ zhì zhōng guó D= fǎn yòu yùn dòng 非¢ fēigōng + ,- + z@ + {x fēn liú tiáo jiě sù cái kuài shěn Vai I. -
Crash Course Chinese
Crash Course Chinese Lu Yang Yanmin Liu Presented by William & Mary Confucius Institute Overview of the Workshop • Composition of Chinese names • Meanings of Chinese names • Tips for bridging the cultural gap • Structure of the Chinese phonetic system • A few easily confused syllables • Chinese as a tonal language • Useful expressions in daily life Composition of Chinese Names • Chinese names include 姓 surname and 名 given name. Chinese English Surname Given name Given name Surname 杨(yáng) 璐(lù) Lu Yang 刘(liú) 燕(yàn)敏(mǐn) Yanmin Liu 陈(chén) 晨(chén)一(yì)夫(fū) Chenyifu Chen Composition of Chinese Names • The top three surnames 王(wáng), 李(lǐ), 张(zhāng) cover more than 20% of the population. • Compound surnames are rare. They are mostly restricted to minority groups. Familiar compound surnames are 欧 (ōu)阳(yáng), 东(dōng)方(fāng), 上(shàng)官(guān), etc. What does it mean? • Pleasing sounds and/or tonal qualities • Beautiful shapes (symmetrical shaped characters like 林 (lín), 森(sēn), 品(pǐn), 晶(jīng), 磊(lěi), 鑫(xīn). • Positive association • Masculine vs. feminine Major types of male names • Firmness and strength: 刚(gāng), 力(lì), 坚(jiān) • Power: 伟(wěi), 强(qiáng), 雄(xióng) • Bravery: 勇(yǒng) • Virtues and values: 信(xìn), 诚(chéng), 正(zhèng), 义(yì) • Beauty: 帅(shuài), 俊(jùn), 高(gāo), 凯(kǎi) Major types of female names • Flowers or plants: 梅(méi), 菊(jú), 兰(lán) • Seasons: 春(chūn), 夏(xià), 秋(qiū), 冬(dōng) • Quietness and serenity: 静(jìng) • Purity and cleanness: 白(bái), 洁(jié), 清(qīng), 晶(jīng),莹(yíng) • Beauty: 美(měi), 丽(lì), 倩(qiàn) • Jade: 玉(yù), 璐 (lù) • Birds: 燕(yàn) Cultural nuances regarding Chinese names • Names reflecting particular times such as: 援(yuán) 朝(cháo) Supporting North Korea 国(guó) 庆(qìng) National Day • Female names reflecting male chauvinism such as: 来(lái) 弟(dì), 招(zhāo) 弟(dì), 娣(dì) Seeking a little brother • Since 1950s, women do not change their surnames after getting married in mainland China.