Are PE/VC-backed Companiesassociated With Better Performance And Higher Stock Prices In China?

This thesis analyzed the influence of PE/VC on the companies inChiNext stock market. PE/VC investment institutions play the importantroles on/after the IPO: finance the enterprises, make IPO in the capitalmarket, and support IPO companies to enhance the value of theenterprisesand realize better performance. ChiNext has just establishedfor a short time andthemostlisted companies are PE/VC-Backed. Inthispaper, wewilltake on the empirical research on theIPO under-pricingstatus, and analyzing&comparing the performance after1year based onall the sample companies in the ChiNext. We will do the research todiscuss whether reputable PE/VC has more influence on the IPOunder-pricing degree, and take the statistics and regression method toanalyze what are factors that are statistically significant to realize betterperformance within1year. Finally this paper summarizes researchconclusion, and in the light of influencing factors, this paper puts forwardsomefurther discussion.