Research On The Effect Of Joint Venture Capital On The Performance Of Privately Owned Start-up Enterprises

This paper chooses 292 joint venture capital investment events from 2011 to 2014 as research samples.The paper analyzes the data with the multiple linear regression analysis and other methods,and it proves that the joint venture capital has positive effect on the performance of the privately owned start-up enterprises.The paper chooses the amount of joint venture capital,the nature of financing,the enterprises' development stage and the commercial status,these four variables as analysis target,in order to analyze how degree each variable effect the enterprises' performance.Finally,this paper discovers that when the investment amount is very large,while the enterprise obtains the fund very early can help the enterprise have a better performance.This paper discusses the problems,external constraints and strategies of privately owned start-up enterprises in the field of joint venture capital.This conclusion has certain significance for the development of the privately owned start-up enterprises.