Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

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Research on Venture Capital and Technological Innovation: Based on the ChiNext and Science and Technology Innovation Board

Authors
Yanxi He1, *, †, Xukun Wang2, *, †, Wenya Yang3, *, †, Qiyue Zhang4, *, †
1The Faculty of Business and Economics, University of Sydney, Sydney, Sydney 2008, Australia
2School of Economics, Chongqing Technology and Business University, Chongqing, 400067, China
3Bell Honors School, Nanjing University of Posts and Telecommunications, Nanjing, 210023, China
4Arts & Science School, Syracuse University, Syracuse, 13244, United States
†

These authors contributed equally.

*Corresponding author1. Email: yahe4149@uni.sydney.edu.au@gmail.com
*Corresponding author2. Email: 2018016112@email.ctbu.edu.cn
*Corresponding author3. Email: Q18010407@njupt.edu.cn
*Corresponding author4. Email: qzhang51@syr.edu
Corresponding Authors
Yanxi He, Xukun Wang, Wenya Yang, Qiyue Zhang
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.048How to use a DOI?
Keywords
Venture Capital; Enterprise; Technological Innovation; Patent Applications; Enterprise Growth
Abstract

The impact of venture capital on the technological innovation of listed companies on the ChiNext and Science and Technology Innovation Board in 2019-2020 has been examined in this manuscript. This manuscript uses cross-sectional data of “Initial public offering” of listed companies on ChiNext and the Science and Technology Innovation Board and uses multiple regression analyses. In addition, important literature has been studied to obtain research results and empirical research methodologies such as descriptive statistical analysis and regression analysis. According to the study, the entry of venture capital has no significant impact on the number of patent applications filed by companies listed on the ChiNext Board. In contrast, the ratio of venture capital holdings positively affects the number of patent applications for companies listed on the Science and Technology Board. Hence, the venture capital industry should construct a high-quality service system, expand its overall strength, actively invest in enterprises, and seek common growth with enterprises.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
978-94-6239-483-4
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.048How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Yanxi He
AU  - Xukun Wang
AU  - Wenya Yang
AU  - Qiyue Zhang
PY  - 2021
DA  - 2021/12/15
TI  - Research on Venture Capital and Technological Innovation: Based on the ChiNext and Science and Technology Innovation Board
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 285
EP  - 290
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.048
DO  - 10.2991/assehr.k.211209.048
ID  - He2021
ER  -