Strategic Investor And Corporate Governance Performance Of High-tech Enterprises

Since 1970's, high technology in each developed countries and newly industrialized countries obtained a rapid development and high technology industry not only brings the progress of economic growth, at the same time changed the developed countries of the industrial structure. And strategic investment mechanism adapted the market and high technology development needs. Modern high technology enterprise governance structure problems directly determines the high technology enterprise market competitiveness. To introduce strategy investors, can bring the advanced technology and management experience, optimize Chinese high technology enterprise shareholding structure, helped advance share-holding system, and establish a good corporate governance mechanism. The introduction of strategic investors has become the high technology enterprise reform key link.This paper selects the listed company's data, and for the strategic investors to take stakes high technology enterprise performance empirical analysis, found strategic investors and inspection of high technology enterprise performance significantly positive correlation exists between the relationship. Empirical analysis result powerful illustrates the introduction of strategic investors on our high technology enterprise corporate governance has a positive effect, strategic investors the involvement of high technology enterprise management mode fits our high technology enterprise shareholding system reform demand.The introduction of strategic investors on our high technology enterprise reform is the effective way, is to help high technology enterprise market successfully and improve business level the right choice. Meanwhile, to prevent due to the enterprise in the capital importation, brought about by the financial security, equity transfer pricing, etc. So to deepen the high technology enterprise's own internal management reform, promote the construction of external harmonious environment, making full use of the advantage of strategic investors promoting China's high technology enterprise governance structure of perfection.