The Impact Of Venture Capital On The IPO Performance Of Hi-tech Enterprise

Since the1980s in our country from abroad to introduce risk investment,venture capital has developed rapidly, it is promoting the economic development,especially in promoting the development of new economy. Our country’s system andrisk investment system and the birthplace of the United States differ widely, whichleads to the features of venture capital and the role it plays has changed in China.Since the growth enterprise market established in2009, it providesopportunities for detailed research data for us. Paper studied whether the impact ofPeking companies of the growth enterprise market is significant. Research theimpact of the enterprise short-term performance after IPO. We concluded that thereis no significant impact of the enterprise short-term performance after IPO.The thesis is constituted of five Chapters as follows:Chapter1: It describes the research background and the significance of theresearch, summarizes the innovation and the insufficiency of the research, and theresearches of the impact of the enterprise which has Venture Capital investmentafter the IPO performance at home and abroad.Chapter2: It elaborates the development of Venture capital at home and abroad,especially the development of Venture capital in Z-Park.Chapter3: Develop the theoretical hypothesis and pose new assume based onthe old theoretical hypothesis.Chapter4: Make empirical analysis based on the classification of Beijingcompanies in the growth enterprise market, and the conclusion object the newassume.Chapter5: Specialize the Venture Capital, Cultivate and Classify the VentureCapital experts, Prolong the lock time of Venture Capital, Establish the informationinsolation of related party, Develop the organization form of limited partner.