{"id":"W4406168407","doi":"10.1016/j.iref.2025.103850","title":"Exit disruption and matching in venture capital markets: Evidence based on IPO suspensions in China","year":2025,"lang":"en","type":"article","venue":"International Review of Economics & Finance","topic":"Private Equity and Venture Capital","field":"Business, Management and Accounting","cited_by":3,"is_retracted":false,"has_abstract":true,"ca_institutions":"Acadia University; University of Windsor","funders":"Humanities and Social Sciences Youth Foundation, Ministry of Education of the People's Republic of China; Colorado Society for Respiratory Care; State Administration of Foreign Experts Affairs; National Natural Science Foundation of China","keywords":"Initial public offering; Venture capital; China; Matching (statistics); Business; Economics; Financial system; Monetary economics; Finance; Political science","routes":{"ca_aff":true,"ca_fund":false,"ca_venue":false,"about_ca":false,"invisible_to_affiliation_only":false},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"metacan-v3-hybrid-931329e0061c","candidate_categories":[],"consensus_categories":[],"category_scores_codex":[0.001782648,0.000239355,0.0004002826,0.002347661,0.0006882708,0.001303296,0.0005687309,0.0004961237,0.001988145],"category_scores_gemma":[0.007915207,0.0001958623,0.0004629236,0.002478081,0.000858802,0.001376381,0.001537093,0.0006177465,0.0001525414],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.0007248027,"about_ca_system_score_gemma":0.001319853,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.01640969,"about_ca_topic_score_gemma":0.01611227,"domain_scores_codex":[0.998751,0.0002439254,0.0001557272,0.0002180651,0.0003564176,0.0002747997],"domain_scores_gemma":[0.9857885,0.0021445,0.009321763,0.000478536,0.00100893,0.001257674],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"observational","study_design_gemma":"observational","study_design_scores_codex":[0.00005331672,0.00004834703,0.9914957,0.00003871475,0.00005663364,0.000191032,0.0003304771,0.0001964281,0.0001089623,0.0003357382,0.0002280521,0.006916693],"study_design_scores_gemma":[0.000006996403,0.00004574702,0.9972897,0.00001882451,0.00004284399,0.00006050089,0.0005902738,0.001144684,0.0001184786,0.0002326008,0.0004420822,0.000007232006],"study_design_candidate":"observational","study_design_consensus":"observational","genre_codex":"empirical","genre_gemma":"empirical","genre_scores_codex":[0.9983694,0.0005031526,0.0001206919,0.0001506476,0.000004641261,0.0000105097,0.0001197926,0.000003448283,0.0007176538],"genre_scores_gemma":[0.9994559,0.0002136288,0.00002227906,0.00002335164,0.000008853457,0.000002957242,0.0001409165,6.632953e-7,0.0001315425],"genre_candidate":"empirical","genre_consensus":"empirical","teacher_disagreement_score":0.01640969,"threshold_uncertainty_score":0.03262836,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.01594844441433074,"score_gpt":0.2655861899392875,"score_spread":0.2496377455249567,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}