Research On The Influence Of The Right Of Control On Start-Up Enterprises

With the rise of Chinese entrepreneurs,the function of venture capital began to be discovered for start-ups,venture capital(VC)possessing "value-added management" function can make start-ups to be able to have good development.This paper introduces the background of venture capital's "value-added management"function to start-ups at first.Summarizes relevant domestic and foreign literature on the control,control and allocation of control rights,in-depth analysis of the different influence mechanism of the venture capital institutions and the entrepreneurs for the development of the venture enterprises in the background.At the same time,using the theory of principal-agent theory and enterprise growth theory,find the framework and theoretical basis of this paper.Base the first sample data of the questionnaire samples,under the measurement of the Likert scale,use regression analysis to complete overall empirical study.We find that the entrepreneur with the nonproductive behavior will have a negative impact on the short-term performance of the venture in the venture capital venture,but because of the active involvement of the venture capital institution,The supervisory role of driving has a positive effect on the short-term performance development of venture enterprises.On the other hand,the positive behavior of entrepreneurs and the supervision of venture capital institutions can help enterprises to produce positive effects in the long-term development.In venture capital dependent firms,because the venture capital institutions are too involved in the operation of start-ups,resulting the negative impact on the development of enterprise performance by their own oversight behavior.In the entrepreneurial dependent enterprises,the positive behavior of entrepreneurs for the s development of enterprises have a significant role in promoting,in such enterprises,because entrepreneurs dominate business decision-making,so the supervision of venture capital institutions for The short-term development of the enterprise has a negative impact.