Study On The Effect On Corporate Performance Of The Listed Companies Of Participating In Venture Capital

Development of high-tech industry is the main way to increase national competitiveness under the Economic Globalization. Venture capital not only able to fund for the development of high-tech industries, but also stimulate the innovation spirit of enterprise, Improve the competitiveness of enterprises. China has been encouraging the development of high-tech enterprises, but its lack of financing leads slow development. At this point, some listed companies with good cash flow and stable development have begun to engage in risk investment. This not only solves the problem of idle funds, but also through a wide range of business investment strategy for the enterprises to find new business growth.In this paper, the author use comparison, induction and case analysis to analyze the reasons and models of venture capital of China's listed companies, and the advantages and problems in the development process. Through a case study of Youngor group. Use the central enterprise performance evaluation system that issued by SASAC as a standard. Analyzing the effects on the corporate performance of listed companies which participate in venture capital. Based on above description and discussion, the authors brought forward develop strategy of listed companies participating in venture capital. The research of this paper has important theoretical and practical meanings.