Research On The Impact Of Venture Financing On The Growth Of Enterprises

Innovation is the driving force behind the company's internal development.For start-up companies,if they want to gain a foothold in the market and achieve long-term development,innovation is essential.With the vigorous development of small and micro enterprises and entrepreneurial enterprises in Jiangsu Province,it has played a crucial role in economic development and social contribution.Among start-ups,startups represented by the New Third Board show strong vitality.However,the high risk and instability of start-up companies hinder their access to financing and affect their long-term development.This article looks at this,from the perspective of start-up companies,analyzes the impact of start-up financing on the growth of enterprises,and analyzes the availability of financing for enterprises.The importance of business growth.This article mainly uses empirical research methods.Based on a systematic review of the status of small and micro enterprises and start-ups in Jiangsu Province,the main issues faced by the venture capital companies in Jiangsu are analyzed.At the same time,the relevant data of 282 new board companies in Jiangsu Province from 2014 to 2016 were selected to analyze the impact of start-up financing on the growth of the company.This article summarizes the company's growth as two indicators of efficiency and effectiveness.The efficiency mainly refers to the company's ability to expand,profitability,debt repayment ability and operational capacity,efficiency refers to the company's ability to innovate and management capabilities.Panel data regression,multiple linear regression,and logit binary regression statistics methods were used to perform regression analysis on related indicators.The research results show that venture capital financing has a sufficient impact on the growth of the company.Among them,the start-up financing has impact on the expansion ability,profitability and innovation ability of the venture capital;the acquisition time of the venture capital affects the expansion ability and management ability of the enterprise;the investment quantity of the joint institution has an impact on the expansion ability,innovation ability and management ability of the enterprise;Institutional background has an impact on corporate management capabilities;angel investment has an impact on business expansion capabilities,operational capabilities and management capabilities;venture capital impacts on business expansion capabilities and management capabilities;financing access to corporate expansion capacity,profitability,innovation capabilities and Management capabilities have influenced and verified most of the theoretical assumptions.Based on the analysis of fundamentals and the empirical research results,we propose corresponding countermeasures for how entrepreneurial companies can better obtain entrepreneurial financing and make full use of financing resources.From the perspective of the market,actively expand the financing channels,enrich the financing methods of startup companies,and reduce the financing cost and difficulty of startup companies.From the perspective of startup companies,the company's innovation and management capabilities should be strengthened to provide a good foundation for the acquisition of venture capital and fully tap.And the use of financing resources to enhance the company's core competitiveness,and promote the development of enterprises;from the government's point of view,it should introduce relevant financial policies,encourage start-up companies to external financing,and create a good business environment and financial environment.