The Effect Of Growth Enterprise Market On The Growth Of Innovative Enterprises

In contemporary world, the growth of innovative enterprises is becoming the key to the economic development of a country. Various nations want to provide good environment and establish Growth Enterprise Market in order to foster innovative enterprises. Growth Enterprise Market, as an important part of the capital market, is a new exploration of global capital market in the 1970s. Growth Enterprise Market, as an important part of capital market, has important influence on the development of innovative enterprises. Innovative enterprises have some character, for example, innovation, high growth and high risk. If the innovative enterprise can not effectively make use of the function of capital market, then it will go against the development of the enterprise. Growth Enterprise Market, which is mainly open to the enterprise that has the ability to grow, has important effect on the growth of the enterprise.Growth Enterprise Market's requirements of the historical achievement of enterprise are low. The determinate element is not the achievement of the past, but the developmental prospect and growth space, good strategic plan and distinctive conception. What is recognized by the market is just the distinctive conception and high growth. Growth Enterprise Market provide financial channel for innovative enterprises. Growth Enterprise Market provides venture capital with the mechanism of exit. It promotes continuous development of innovative enterprises through good circulation of capital.At the present situation, our country is carrying the strategy of innovation into execution. The enterprise, as the subject of innovation, is the necessity requirement of developing an innovation nation. Our country is preparing for establishing Growth Enterprise Market. Growth Enterprise Market will provide new energy sources and new impetus for our innovative enterprises. My article tries to solve the problems relevant to Growth Enterprise Market and innovative enterprises through seriously examination of the effect of Growth Enterprise Market on the growth of innovative enterprises.In the first part, I expound the meaning and context of my research, and summarize and analyze the achievement of the past.In the second part, I analyze the theoretical basis of the effect of Growth Enterprise Market on innovative enterprises. I conclude that innovative enterprises have the character of innovation, high growth and high risk. Growth Enterprise Market is market of good prospect. What Growth Enterprise Market recognized is the distinctive conception and high growth of the enterprise. Growth Enterprise Market has important effect on the growth of innovative enterprises.In the third part, I analyze the effect of Growth Enterprise Market on the growth of innovative enterprises. As far as I am concerned, there are three points to be emphasized. The first point is Growth Enterprise Market provide financial channel for innovative enterprises. The second point is that Growth Enterprise Market promotes innovative enterprises to establish the modern institution of enterprise. The third point is that Growth Enterprise Market provides venture capital with the mechanism of exit, and promotes continuous development of innovative enterprises through good circulation of capital.In the forth part, I take account of the experience of other countries. I introduce the experience of the development of American Growth Enterprise Market, and analyze the defect of the development of Hong Kong's Growth Enterprise Market.In the fifth part, I analyze the present situation of our Growth Enterprise Market and innovative enterprises. According to the analysis, I point out that the problem of our innovative enterprises is short of capital. For this reason the growth of innovative enterprises of our country needs the support of the Growth Enterprise Market.In the sixth part, I explore the measures to improve the effect of Growth Enterprise Market on the growth of innovative enterprises. The first is concerned with the design of operation rules of Growth Enterprise Market. As far as I am concerned, independent model is the best choice for our Growth Enterprise Market. Growth Enterprise Market should have relative loose criterion of entrance. It should be a complete market, and adopt the institution of enrollment. The second is concerned with the choice of deal system of Growth Enterprise Market. I point out that market maker system is just direction of development of Growth Enterprise Market. The third is that we should take some measures to guard against the risk of Growth Enterprise Market. Our country should establish complete legal system relevant to Growth Enterprise Market, establish the sponsor system, perfect the announcing system of information, perfect the supervise mechanism.In sum, through research of the effect of Growth Enterprise Market on the growth of innovative enterprises, I conclude that:1. Innovative enterprises have the character of innovation and high growth. What is recognized by Growth Enterprise Market is just the distinctive conception and high growth. Growth Enterprise Market, as an important part of capital market, has important effect on the growth of innovative enterprises.2. Growth Enterprise Market provides financial channel for innovative enterprises. Growth Enterprise Market provides venture capital with the mechanism of exit. It promotes continuous development of innovative enterprises through good circulation of capital.3. According to the experience of other countries, and the present situation of our country, I propose some advice in order to make the Growth Enterprise Market function well, and thus accelerate the growth of innovative enterprises.