Research on the Influence of Venture Capital on the Internal Control Quality Based on Data from China's GEM Listed Companies
- DOI
- 10.2991/icemse-19.2019.156How to use a DOI?
- Keywords
- Venture Capital, Internal Control Quality, GEM Listed Companies, Government Background
- Abstract
Based on the importance of institutional investors to the development of enterprises, this paper studies the relationship between venture capital and internal control quality from the perspective of venture capital participation in corporate governance. This paper selects the relevant data disclosed by China's GEM listed companies in 2010-2016, and uses Stata12 to establish a regression model to empirically test the impact of venture capital on the internal control of the invested enterprise. The study found that venture capital can effectively improve the company's internal control quality when other conditions are constant, and the positive impact of non-government background risk investment on internal control quality is more significant than that of government-based venture capital. The above conclusions provide empirical evidence for the internal control governance of GEM listed companies, the introduction of venture capital and the encouragement of venture capital to play a supervisory role.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Weihuan Jia PY - 2019/09 DA - 2019/09 TI - Research on the Influence of Venture Capital on the Internal Control Quality Based on Data from China's GEM Listed Companies BT - Proceedings of the 2019 3rd International Conference on Education, Management Science and Economics (ICEMSE 2019) PB - Atlantis Press SP - 676 EP - 679 SN - 2352-5428 UR - https://doi.org/10.2991/icemse-19.2019.156 DO - 10.2991/icemse-19.2019.156 ID - Jia2019/09 ER -