Venture Capital and the Corporate Performance After IPO: Based China GEM Market

摘要

Compared with the general investors, Venture Capital can influence the generating of operating strategies of the invested company once they offer the fund for future development; thus, Venture Capital can have effects on corporate performance. This paper takes the 153 companies listed between 2009 and 2010 as samples to do empirical study. The result shows that though the existence of declining performance, participation of Venture Capital is relatively helpful in maintaining the performance after IPO. This paper also provides new evidences for the study of the relation between Chinese Venture Capital and corporate performance.