Title :
The Impact of Venture Capital on Firms´ Accounting Performance - Taking Chinese Listed Companies in SME Board as Examples
Author :
Zhao, Yan ; Xiao, Yujun ; Wang, Chen
Author_Institution :
Sch. of Manage., Shanghai Univ., Shanghai, China
Abstract :
This paper analyzes the impact of venture capital on accounting performance of the firms, taking 66 Chinese listed companies in SME Board of Shenzhen Stock Exchange as examples. Although ANOVA and cross-section regression analysis show no significant differences of performance between venture capital backed firms and non venture capital backed firms, in a long term venture capital does show a positive impact in increasing firms´ accounting performance.
Keywords :
accounting; regression analysis; small-to-medium enterprises; stock markets; venture capital; ANOVA; SME board; Shenzhen stock exchange; chinese listed companies; cross section regression analysis; firms accounting performance; small-to-medium enterprises; venture capital; Companies; Correlation; Investments; Regression analysis; Venture capital; Accounting Performance; Listed Company; SME Board; Venture Capital; Venture Capital Backed Firm;
Conference_Titel :
E-Business and E-Government (ICEE), 2010 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-0-7695-3997-3
DOI :
10.1109/ICEE.2010.325
