Research on the Effect of Venture Capital Supporting the Selection of New Third Board Enterprises into Innovation Layer
Abstract
This paper takes companies listed on the New Third Board from 2016 to 2021 as samples, and uses a multiple linear regression model to study the impact of venture capital on the development of companies listed on the New Third Board. It further explores this impact effect from the length of time selected for innovation. Research has found that venture capital has shortened the time it takes to be selected for the innovation layer after entering the new third board enterprises, exerting a positive effect.
Keywords
Venture Capital; New Third Board Enterprises; Innovation Layer
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[1] Hellmann, Thomas, & Puri, Manju. The interaction between product market and financing strategy: The role of venture capital [J]. Review of Financial studies, 2000, 13(4), 959-984
[2] Dong Jing, Wang Jiangping, Zhai Haiyan, et al. Service or Monitoring: Venture Capital Institutions’ Management of Entrepreneurship Enterprises - A Perspective of Industry Expertise and Uncertainty [J]. Management World, 2017 (06): 82-103+187-188. DOI: 10.19744/j.cnki.11-1235/f.2017.06.008
DOI: http://dx.doi.org/10.18686/ahe.v7i26.10389
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