| Developing high-tech industries and enhancing the capability of independent innovation are the keys of the overall country strength. Venture capital is one of the most important driving forces in technological innovation. It can not only solve the bottleneck problem of funds of enterprises, but also provide a series of value-added services for innovation companies. The risk enterprises are an important part of the venture capital. They have great potential emerging enterprises and venture capitalists invest capital into their. Compared to the general business, venture enterprises have characteristics of high risk, more problems of the management, marketing and development. So the governance is more urgent, complex and special. Financial affairs governance is the core of corporate governance, which is reasonable to allocate financial rights between the every member.On the basis of reading relevant literatures, we found that there are following research shortcomings on financial affairs governance of venture enterprises: the features financial affairs governance about venture capital backed companies; the neglect of the external financial governance; few empirical studies in domestic. Therefore, the paper uses both methods of normative and empirical to study financial affairs governance of venture enterprises. The main thesis of the study is as follows: First of all, the characteristics of financial governance of venture enterprises, containing organizational structure, camera governance, stages investment and so on. Second, empirical research of the internal financial governance. Venture enterprises in Shenzhen Stock Exchange Market as the samples study internal financial governance and the development of enterprises. Finally, researching of external financial control. Through the establishment of mathematical model study the initial investors'effects in the financial governance and the role of external audit in finance control of venture capital backed companies. |
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