摘要
以创业板上市公司为研究对象,就初创公司上市后是否吸收风险投资、吸收风险投资的比例以及是否存在风险投资机构的联合投资展开实证研究。结果表明:公司上市后风险投资参与仍可以显著提高企业的投资效率,风险投资比例越高,越有利于提高投资效率,联合投资也对此有正向促进作用。
Taking GEM listed companies as the research object,this paper makes an empirical study on whether start-ups absorb venture capital,the proportion of venture capital and whether there are joint investments by venture capital institutions after listing.The results show that venture capital participation can still significantly improve the investment efficiency of the company after listing.The higher the proportion of venture capital,the more conducive to improve the investment efficiency,and the joint investment also plays a positive role in promoting investment efficiency.
作者
张玉洁
Zhang Yujie(Shandong Normal University,Jinan 250358,Shandong,China)
出处
《征信》
北大核心
2020年第3期82-87,共6页
Credit Reference
关键词
风险投资
投资效率
风险投资退出
联合投资
投资比例
venture capital
investment efficiency
venture capital withdraw
joint investment
investment proportion
