【新结构国际发展论坛第十五期】

Strengthening Performance of Chinese Middle Market Companies: The Role of Private Equity

 

时间/Time：14:00-15:30, May 31(Wed.), 2017

地点/Venue：北京大学英杰交流中心第三会议室（Conference Room #3, Overseas Exchange Center of Peking University）

语言/Language: English

主办方/Organized by：北京大学新结构经济学研究中心、北京大学南南合作与发展学院

主持人/Moderator：徐佳君/Jiajun XU（北京大学新结构经济学研究中心执行副主任，助理教授）

演讲人/Speaker：Roger S. Leeds（美国约翰·霍普金斯大学高级国际研究学院（SAIS）教授，国际商业与公共政策中心主任）

【摘要】

Even though the Chinese private sector’s contribution to overall economic growth and development has steadily increased during the past three decades, small and mid-size companies frequently under-perform compared to their counterparts in Western economies. Two important explanations for this persistently sub-par performance by Chinese firms are (i) limited or no access to medium and long-term capital in the state-dominated financial sector, and (ii) a shortage of value creating business expertise. Drawing on research conducted for his recently published book,Private Equity Investing in Emerging Markets: Opportunities for Value Creation*, Professor Leeds lecture will demonstrate the distinctive capacity of private equity investors to selectively provide both scarce financial resources and value creating expertise that Chinese middle market companies require to grow and compete. Professor Leeds’ lecture will also highlight a characteristic of China’s private equity industry that distinguishes it from virtually all other countries: the government’s active role in promoting private equity as a positive force for China’s overall growth and development.

过去三十年间，中国私营部门在整体经济增长和发展方面的贡献保持稳步增加，但是中国中小企业与西方发达国家相比依然存在一定的差距。中国企业表现欠佳原因有二：一是在国家控制的金融行业中中长期分化中长期融资的获得渠道十分匮乏或者局限重重；二是缺乏具备价值创造的专业技能和经验的人才。罗杰·利兹教授将从中国中型企业增长和参与竞争所需的稀缺财务资源以及如何创造价值的角度，详细阐释私募股权对强化中国中型公司的作用。讲座还将特别关注中国私募股权业不同于其它国家的突出特点，即政府在促进私募行业发展中所发挥的积极作用，这对于中国经济的增长和发展都具有积极的推动作用。

* The new book is translated into Chinese and will soon be published by Renmin University Press.

* For more on the original book, please refer to

http://www.palgrave.com/us/book/9781137435347

 

 

【演讲人】

Dr. Roger S. Leeds

Dr. Leeds is a Professor at the Johns Hopkins School of Advanced International Studies (SAIS) and Director of the School’s Center for International Business and Public Policy. He also has taught at Wharton Business School, University of Pennsylvania and Columbia University’s Graduate Business School. He was the founding Chairman of the Emerging Markets Private Equity Association (EMPEA), a global industry association that conducts research and outreach on private equity investing in developing countries. Professor Leeds also is co-founder of the Leadership Academy for Development, an organization that designs and runs intensive training programs for government officials and business leaders in developing countries focused on public policy initiatives to strengthen private sector performance. Earlier in his career Dr. Leeds spent two years at Harvard’s Kennedy School of Government, teaching and heading a research project on privatization in developing countries. 

Prior to joining the SAIS faculty, Dr. Leeds worked as an international finance practitioner for 25 years, including positions as an investment banker at Salomon Brothers, a senior staff member of the International Finance Corporation (World Bank), a partner at KPMG in charge of the firm’s global privatization practice and co-head of the emerging markets practice at a based private equity firm. His publications includePrivate Equity Investing in Emerging Markets, Opportunities for Value Creation(which in 2017 will be translated into Chinese),Financing Small Enterprises in Developing Countries, and more than 30 articles and book chapters. Dr. Leeds has been a guest commentator on various radio and television programs, including CNN, Bloomberg News, CBS News, CNBC, and National Public Radio, and is a member of the Council of Foreign Relations in New York. He received his undergraduate degree from Columbia University, and his M.A. and PhD from Johns Hopkins University (SAIS).

 

For more information on the speaker, please refer to

https://www.sais-jhu.edu/roger-leeds

Sign up for attendance via:

https://www.sojump.hk/jq/14336695.aspx

 

 

 

The New Structural Economics & International Development Forum

The New Structural Economics & International Development Forum was initiated in March 2016 and is organized by the Center for New Structural Economics (CNSE) at Peking University. The Center aspires to advance the frontier research on structural change and help developing countries to promote economic structural transformation. The Forum aims to bridge the gap between research and practice by hosting high-profile, open and equal conversations among scholars, professionals, policy makers and entrepreneurs in the field of international development.