Abstract��
Using the firms from SME and GEM board as research objects, this paper discusses the influence of venrure capital on firm��s innovation. The results show that:(1)VC holdings background can not affect the enterprise innovation input and output; (2) sustained VC holdings will make enterprises increase R&D investment and promote R&D efficiency; (3) the longer the VC holding time, the higher the enterprise innovation output; (4) compared with ordinary VC, the VC of reputation has more obvious effect on innovation promotion.
YANG Sheng-gang, ZHANG Yi-fan.Influence of Venture Capital on Firm��s Innovation����Based on SME and GEM Board[J] Economic Survey, 2017,V34(2): 147-152
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2017 
