The Influence And Countermeasures Of Private Equity Fund On Corporate Governance Of Small And Medium-sized Enterprises

The innovation of the small and medium-sized enterprises as an economic main body,play an important position in the development of the society.But in the development of small and medium-sized enterprises often face the limitation of the financial system,relative to the large monopoly enterprises,small and medium-sized enterprises is not only a small scale,at the same time also in a weak position,by its business scale,management mode,and other various restrictions,small and medium-sized enterprise financing difficult problem.The particularity of small and medium-sized enterprise governance there are big,want to be in accordance with the market elements to build economic organizations is very difficult.Private equity fund for small and medium enterprises can not only provide the required funds,at the same time can improve the enterprise management,perfect the corporate governance structure,benign development of small and medium enterprises have a vital role.Research focus on analysis of private equity fund for small and medium-sized enterprises and the effect of corporate governance research is divided into four parts,the comprehensive analysis of the research background,the private equity fund,on the basis of theoretical knowledge and the research status in the empirical research and analysis.Selected from 2014 to 2016 data listed small and medium-sized enterprises in our country,puts forward assumptions.Results show that the private equity funds can provide important power for the development of small and medium-sized enterprises,to encourage entrepreneurs have advantages promote internal cohesion,reasonable arrangement of corporate governance structure,and USES the case analysis method,to a company as an example,analysis of private equity funds into the corporate governance changes before and after,also confirmed that the private equity fund intervention can reduce the equity concentration,improve enterprise management,private equity funds after the intervention,business performance,yield per share also a corresponding change,yield per share inhibition in the growth shows that private equity funds,the company profit ability was improved.Private equity fund into the small and medium-sized enterprises,can reduce the information asymmetry,improve the board hungry oh,improve the level of enterprise also finishing,can further reduce the equity concentration system,improve enterprise management level and operation level,tobin Q value,shows that the improvement of the value of the company related to corporate governance,and indirect reaction of private equity's gold to join can improve enterprise value.Finally to summarize the full text,and put forward the research shortcomings..