本研究綜合國內外探討創投與IPO市場表現之研究，為台灣各家創投公司建構其聲譽分數。在本研究中的創投聲譽分數共納入六項衡量變數，分別是創投公司在IPO市場的家數與市值市佔率、創投對被投資公司持股、創投擔任被投資公司董監席次比、創投成立年數、與創投公司自身的股東權益總額高低，得出每一家創投公司在樣本期間每一年的創投聲譽分數。再按年度區分「高聲譽」與「低聲譽」之創投公司。
　　本研究選擇使用多個變數作為創投聲譽基準乃著眼於複合分數的使用比起單一變量，可以藉由統整多個單一變數來分散單一指標可能造成的衡量誤差，同時本研究的各項創投聲譽衡量亦避免了前視偏誤的產生。
　　本研究選取1995到2001年台灣新上市公司進行研究，發現有／無創投介入顯著與新上市司長期績效有顯著正向關係，更進一步得到「高聲譽」之創投與新上市公司長期績效的顯著正向關係，顯示創投聲譽越好，越有能力影響其被投資公司，促使該公司營運績效優異於其他公司，進而有更好的股價表現，故其長期持有超額報酬亦顯著較佳。

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