| Innovation ability of enterprises in the development of the company hasoccupied an important position, listed companies and other institutions establish jointventure investment company, to the innovative enterprises of venture capital market inour country is increasingly common, so it is necessary to participate in venture capitalto the enterprise innovation ability of listed companies influence factors are studied,and the analysis of various factors on the degree of the role of enterprise innovation.This makes the domestic scholars to the various investment risk research and analysis.Through reading of relevant literature and research, found that the current domesticlisted companies to participate in venture capital to the enterprise innovation abilityresearch is not much, and mainly discusses in nature, not detailed on the quantitativeanalysis, the lack of statistical principles of application, make an empirical research ishard to have strong persuasion, on the case study and comparison, it is also hard tolisted companies to participate in venture capital to the enterprise innovation abilitypresent situation and the internal operation of the analysis, but this article will makeup for the vacancy in this field, the development of the theory of venture capital is ofgreat significance and value.This article includes four parts: the first part of the introduction, introduces theresearch background, research purpose and significance, and research methods andtechnical route. The second part is relevant literature review, summarized thedomestic and foreign academic circles defined in CVC, strategies, motivation,investment mode, enterprise technology innovation ability, CVC for enterprisetechnology innovation ability and related influence factors of the influence of relatedresearch. Third part in the existing literature, on the basis of summarize, analysis toparticipate in the venture investment’s influence on the innovation ability of listedcompanies, on the basis of which the theoretical framework of this article andresearch hypothesis. The fourth part is empirical research, to the variable selection, the sample selection criteria are described in related, comprehensive analysis ofenterprise participate in the venture investment.Through the above research, the application of quantitative analysis method, getthe conclusion as follows: the enterprises to participate in the strategic significance ofventure capital is closely related to innovation; Investment enterprises with theinvestment management of both sides, industry correlation, investment motivation isclosely related to improve enterprise technology innovation ability; In a relativelyshort period of time, the listed company engaged in the risk investment company willnot obtain greater economic benefits also won’t promote the enterprise’s technologicalinnovation ability, but in the long run, will significantly improve enterprisetechnology innovation ability. |
