| In recent years,private equity investment in China is developing faster and faster,especially reflect on the rapid growth of amount and volume.According to the projection of our government,enterprises will increase its financial activity via direct finance,and private equity investment in China are playing a more and more important role.Research on how private equity investment influence on corporate value,which is a meaningful thing.This paper is mainly about the impact of private equity investment on the value of listed companies.Firstly,definition and features of private equity investment,the research background and significance are introduced to understand the research status of the impact of private equity investment on enterprise value at home and abroad,and the main contents of the research and the methods used in the research are clarified.Secondly,this paper analyses the operation of private equity investment,the development history of private equity investment,the basic situation of raising capital,investing,and the development status between industry and region.Thirdly,this paper summarized relevant theories of private equity investment influence on corporate value and raise research hypothesis.Fourthly,this paper design empirical analysis and create the model.Fifthly,this paper conduct empirical testing and result analysis.Sixthly,this paper summarized and some suggestions are put forward according to the analysis.This paper proves that the participation of private equity investment institutions can effectively improve the corporate value.The foreign capital background of private equity institutions is conducive to the promotion of corporate value.The better the reputation of private equity investment institutions and the higher the shareholding ratio,the more conducive to the increase of corporate value.The more the number of private equity partners,the better the value of the enterprise.Through this research,enterprises can fully understand the factors that influence corporate value,bring new ideas and paths to the further creation of corporate value,and improve the theory related to corporate value.At the same time,it promotes the benign development of China’s multi-level capital market. |
