Abstract

This paper selects the 2010-2017 Shenzhen Growth Enterprise Market listed companies as a sample, and uses empirical analysis methods to study the relationship between ownership structure, venture capital intervention and corporate performance. The research results show that: the concentration of ownership and corporate performance. There is a significant negative correlation between the ownership balance and corporate performance; there is a significant positive correlation between venture capital intervention and corporate performance; venture capital intervention can significantly weaken the concentration of ownership and corporate performance. The relationship between venture capital investment can significantly enhance the relationship between the degree of ownership checks and balances and corporate performance.

Highlights

  • With the in-depth development of economic globalization, the influencing factors of corporate performance have always attracted the attention to the academic community

  • Current studies have shown that the ownership structure, which is an important component of corporate governance structure, is an important factor affecting corporate performance

  • Financial decisions, agency costs, etc. indirectly or directly affect corporate performance. At this stage, many scholars have explored the relationship between ownership structure and corporate performance from the perspective of ownership concentration and ownership checks and balances, they have never reached a consensus and cannot meet the requirements of the current era

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Summary

Introduction

With the in-depth development of economic globalization, the influencing factors of corporate performance have always attracted the attention to the academic community. Current studies have shown that the ownership structure, which is an important component of corporate governance structure, is an important factor affecting corporate performance. At this stage , many scholars have explored the relationship between ownership structure and corporate performance from the perspective of ownership concentration and ownership checks and balances , they have never reached a consensus and cannot meet the requirements of the current era. This article combines the empirical evidence of listed companies on the GEM to study the relationship between ownership structure, venture capital intervention and corporate performance and in-depth exploration of the regulatory role of venture capital intervention in the relationship between ownership structure and corporate performance, which improve corporate performance to provide some reference

Theoretical Analysis and Research Hypothesis
Sample Selection and Data Sources
Corporate Performance
Ownership Structure
Venture Capital Intervention
Descriptive Statistics
Correlation Analysis
Regression Analysis of Risk Input and Corporate Performance
Findings
Research Conclusions and Enlightenment
Full Text
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