The Research On The Impact Of Private Equity To Small And Medium-sized Enterprises

In the economic globalization today, as a kind of financial innovation products ,private equity investment had achieved great success. It in global economic development plays develop multi-level capital market, broaden the financing channel, promote hi-tech enterprise development and so on a series of important role. But in recent years, private equity investment in China's new capital market in active show that this innovation of financial tools which comes from the United States, also showed vigorous vitality in China.Meanwhile, China's small and medium-sized enterprises face 'difficulties in financing, which seriously restrict the development of the enterprise. Broaden the financing channels of enterprise directly is imminent. But as in fact benefit community, private equity funds not only widen the sme financing channels, but provide more corporate governance structure innovation, agency problems a better solution. The author had reason to believe that, small and medium-sized enterprises use private equity investment combination will certainly to lay a solid foundation for small and medium-sized enterprises' growth and entering into the securities market.This study tries to provide suggestions for our medium-sized enterprises which face difficults in growing up. we hope small and medium-sized enterprises to recognize the important role which private-equity investment palyed.After systematically introduced the private equity's concept, characteristic, and classification s, based on the status quo of China and international private equity ripe experience, this paper introduced the influence of private-equity to the smes in many ways: including broaden the financing channel, improve corporate governance, enhance China's capacity for sustainable development, promoting industrial ascension, etc. Finally, through empirical test theoratical'correctness. In IPO enterprise's enterprise performance and stock prices could inhibit the price as the breakthrough point, situation by using descriptive statistics and multivariate regression equation analysis and other methods, have private-equity support of enterprise and no private-equity support of enterprise in the above indexes differences. Study finally proved private-equity investment in improving enterprise solvency and developmental capacity in the positive role. Finally some Suggestions.