Venture capital, enterprise performance and accounting information quality - GEM listed companies of China
Main Article Content
Abstract
Aim of this study’s using the GEM listed companies’ data from 2015 to 2019, finding the relationship between venture capital, accounting information quality, and corporate performance. Through empirical analysis found that venture capital participation has a significant role in promoting corporate performance. Results show that higher accounting information quality has a significant role in promoting corporate performance. The characteristics of venture capital have a significant role in regulating the relationship between accounting information quality and corporate performance.
Keywords
venture capital, accounting information quality, corporate performance, enterprise performance
Article Details
How to Cite
Pervaiz, J., Qu, B., & Masih, J. (2022). Venture capital, enterprise performance and accounting information quality - GEM listed companies of China. Frontiers in Management and Business, 3(2), 199-206. https://doi.org/10.25082/FMB.2022.02.001
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
References
- Hao S, Tao H and Tian J. A comparison study of the state-owned enterprises of different ownership structures: take Shandong province as example. China Industrial Economic Journal, 2011, 9: 130-139.
- Li D. An Empirical Study on the Impact of Venture Capital on the Investment and Financing Behavior of Listed Companies. Modern Economic Information, 2017, 23: 56.
- Zhao L. Research on the impact of accounting information comparability on corporate mergers and acquisitions (Ph.D. dissertation, Jilin University), 2018.
- Wu CF,Wu SN and LiuW. A Study on the Backing and Exit Motivation of Venture Capital in Chinese Listed Companies on the GEM. Economic Management, 2012, 34(10): 128-138.
- Wang H. The empirical analysis of the impact of venture capital on the investment and financing behavior of listed companies. Chinese Township Enterprise Accounting, 2018, 7: 21-22.
- Cohen DA and Langberg N. Venture capital financing and the informativeness of earnings: NYU Working Paper. SSRN-1280719, 2006.
- Le H. The mechanism of the impact of joint venture capital on the performance of investee companies- Based on the perspective of the control rights of the leading investment company and the network location. Finance and Accounting Communications, 2016, 11: 39-41.
- Yan P and Wang M. The impact of venture capital on the performance of startups. Journal of North China University of Water Conservancy and Hydroelectric Power (Social Science Edition), 2019, 4: 14-24.
- Li M and Li B. The influence of the control structure of venture capital participation on the growth of GEM listed companies. Accounting Monthly, 2017, 27: 29-36.
- Gu W, Qian X and Lu J. Venture capital and entrepreneurship: A conceptual model and research suggestions. International entrepreneurship and management journal, 2018, 14(1): 35-50. https://doi.org/10.1007/s11365-017-0463-6
- Xu H and Chen C. Accounting earnings quality, IPO pricing and long-term performance: evidence from the IPO after IPO reform. Management World, 2009, 8: 25-38.
- Wu W, Li X and Kadaei S. An Experimental Study on the Lateral Stress of Composite Steel Wall Structure by Using Self-Compacting Concrete. Advances in Civil Engineering, 2022. https://doi.org/10.1155/2022/7772556
- Chen G, Yu X and Kou X. The participation of VCs on the IPO discount of enterprises in China: a comparison of different markets. Economic Research Journal, 2011, 5: 74-85.
- Li NA and Sui Jing. An Empirical Study on the Relationship between Venture Capital and Venture Capital Growth. Science and Technology Management Research, 2013, 18: 139-142.
- Deng Q. An Empirical Study on the Incentive Mechanism and Accounting Information Quality of Listed Companies. Macroeconomic Research, 2013, 12: 87-99.
- Zhang Z, Yang F and Yuan Q. Can the improvement of the quality of information disclosure of listed companies improve company performance? -Based on the empirical evidence of Shenzhen listed companies from 2002 to 2005, 2007.
- Amiran M, Asadi A and Oladi M. Presentation of Novel Multiple Regression Model for Accounting Information Quality, Corporate Investment, and Moderating Role of Ownership Structure in Companies. Discrete Dynamics in Nature and Society, 2022. https://doi.org/10.1155/2022/2125487
- Zuo Z and Lin Z. Government R&D subsidies and firm innovation performance: The moderating role of accounting information quality. Journal of Innovation & Knowledge, 2022, 7(2): 100176. https://doi.org/10.1016/j.jik.2022.100176
- Jiang Y. The impact of VC/PE holdings on company performance (Master’s thesis, Zhejiang University), 2014.
- Wang X. An Empirical Study on the Pre-effect and Post-Effects of Venture Capital on the Operating Performance of Small and Medium-sized Enterprises, 2018.
- Xiao X. Correlation analysis of corporate governance and accounting information quality. National Circulation Economy, 2018, 29: 90-91. https://doi.org/10.1002/jcaf.22359