Author(s)

Mingjuan Liu, Yan Zhou

Corresponding Author

Mingjuan Liu

ABSTRACT

This paper took 302 enterprises listed on GEM from January 21, 2014 to August 1, 2017 as samples, took the shareholding ratio of venture capital, the foregin background of venture capital and the number of venture capital institutions as explanatory variables, took enterprise research and development investment as the explained variable, and used multiple linear regression model to study the impact of venture capital on enterprise innovation. The empirical results show that venture capital shareholding promotes enterprise innovation; venture capital with foreign background and joint investment do better in promoting enterprise innovation. From the perspective of different industries, venture capital has a better effect on the innovation and appreciation of traditional enterprises.

KEYWORDS

Neural Network, Prediction Model, Big Data