An Empirical Research On The Relationship Between Post-investment Management And Technology Innovation Capability Of High-tech Enterprise

For many small and medium-sized business enterprises, to win the favor of venture capital is the key to the further development of enterprises. China's venture capital investments have gone through 20 years of development history, including progress and failures. With Growth Enterprise Market (GEM) start agenda is approaching, the development of venture capital in China will enter a period of heightened. However, the high does not mean that mature. It is a very real and urgent issues that how to further deepen the understanding of venture capital again, how to learn from successful experiences and how to regulate China's venture capital market to comprehensively push forward China's Venture Capital Industry rise to a new level.In the process of venture capital investments, venture management is as important as assessing their choice of investments and businesses and planning design venture capital leases. We know that thirty percent on the selection of projects, seventy percent on management. That says venture management is very important. Using post-investment management to enhance the ability of technological innovation is the key to enhance the competitiveness of enterprises and decide the effectiveness of innovative activities.In this thesis, entrepreneurial enterprises, especially high-tech enterprises are the study object. From analyzing the venture capital investment enterprises to participate in entrepreneurial management related theory, we know what the post-investment management is and study the relationship between venture capital and technology innovation capability. We use questionnaire survey, the SPSS and AMOS software to do the research. Trying to verify what venture capital does to the enterprise, and the relationship between venture capital and its technology innovation capacity of enterprises. Supply reference for Venture enterprise innovation capability growth.By means of EFA and reliability analysis, we found that venture capital post-investment management can be divided into three dimensions—supervision and control, value-added service and capital input. Technological innovation ability can be divided into four dimensions—input capability, R&D capability, and output capability and management capability. Furthermore, the analysis of path coefficient in SEM indicates that supervision and control have significantly positive impact on the management innovation capability. Value—added services have significantly positive impact on the management, output and R&D capability. And the capital inputs have significantly positive impact on the four innovation capabilities.The contribution of this study lies in that we study the relationship between the post-investment management and technological innovation ability after applying Survey, EFA and SEM. Overall, the study found that China's enterprises only use the venture capital as a financing. Venture capital does not give full play to it's the unique role which is different from bank financing or other financing. Therefore venture capital firms should continue to improve their own quality to provide high-quality services, Ventures choose their own venture capital and make full use of its own to promote growth and development. This can truly reflect the value of venture capital.