Research On The Influence Path And Effect Of Venture Capital On Topstar Enterprise Value

With the continuous and in-depth reform of China’s financial system,venture capital,as a new financing method with many unique advantages,is more and more recognized by people.Compared with traditional financing methods,venture capital institutions,based on their own characteristics,have strong industrial strength,extensive industrial relationship resources and rich operation and management experience.In addition to meeting the capital needs of enterprises,they can also have a significant impact on corporate governance and technological innovation through "screening","supervision" and providing "value-added services",So as to greatly promote the development of enterprises and the promotion of value.Therefore,venture capital is of great significance to a country’s sustainable economic development.It is often known as "the engine of promoting economic growth".The impact of the introduction of venture capital on enterprise value has also become a research hotspot of scholars.However,at present,the research direction of academic circles mostly focuses on the correlation between venture capital and enterprise value.The research on the action mechanism and influence path between venture capital and enterprise value by combining the actual situation of specific enterprises in the form of cases is relatively insufficient.Therefore,further exploring the mechanism,path and effect of venture capital affecting enterprise value has important theoretical and practical significance.This paper takes Topstar,a high-tech enterprise in the robot industry listed on the science and innovation board,as a case study company.Firstly,based on the review of relevant literature and theories,this paper combs the interactive relationship between venture capital and corporate governance,technological innovation and enterprise value,and carries out the follow-up research and analysis of this paper;Secondly,this paper discusses the mechanism of venture capital institutions affecting enterprise value after the introduction of venture capital,including: improving the corporate governance level of high-tech enterprises and promoting the technological innovation of high-tech enterprises;Thirdly,this paper briefly introduces the relevant general situation of Topstar,analyzes the motivation and process of introducing venture capital,expounds the specific path of the venture capital institutions introduced by Topstar affecting corporate governance and enterprise innovation,and analyzes the effect of the introduction of venture capital on enterprise value;Finally,combined with the above research,this paper draws relevant conclusions,and puts forward relevant suggestions on how to better achieve win-win cooperation between enterprises and venture capital institutions.