Research on the Impact of Private Equity Investment on the Growth of Innovative SMES

Based on NEEQ Innovation Layer Data

DOI

10.2991/978-94-6463-098-5_47How to use a DOI?

Keywords

Private equity investment; Innovative small and medium-sized enterprises; NEEQ1

Abstract

This paper selects 711 listed enterprises in the innovation layer of NEEQ from 2016 to 2020 as research samples to study the impact of PE participation in investment with its participation degree and investment background on enterprise business performance and innovation ability. Through multiple regression analysis, the following conclusions are drawn: PE investment has a significant negative impact on return on assets (ROA) of enterprises at the innovation layer of NEEQ, and has a significant positive effect on TIR of enterprises’ technology investment ratio. Compared with private PE, PE with state-owned background has no significant improvement effect on ROA, and PE with state-owned background has no significant impact on the TIR.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yichun Chen
PY  - 2022
DA  - 2022/12/27
TI  - Research on the Impact of Private Equity Investment on the Growth of Innovative SMES
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 406
EP  - 420
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_47
DO  - 10.2991/978-94-6463-098-5_47
ID  - Chen2022
ER  -