DocumentCode
2402165
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
fYear
2010
fDate
7-9 May 2010
Firstpage
1271
Lastpage
1276
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;
fLanguage
English
Publisher
ieee
Conference_Titel
E-Business and E-Government (ICEE), 2010 International Conference on
Conference_Location
Guangzhou
Print_ISBN
978-0-7695-3997-3
Type
conf
DOI
10.1109/ICEE.2010.325
Filename
5590954
Link To Document