TITLE:
The Relationship between the Management Intervention of Venture Capital Institutions and the Performance of Start-Up Enterprises
AUTHORS:
Yan Wang
KEYWORDS:
Supervisory Control Intervention, Operational Management Intervention, The Degree of Involvement
JOURNAL NAME:
Modern Economy,
Vol.10 No.3,
March
15,
2019
ABSTRACT: Based on the two theoretical hypotheses of “screening
theory” and “cultivation theory”, this paper reviews the concepts and
motivations of venture capital institutions’ management intervention, and
summarizes the two modes of venture capital institution management
intervention: supervisory control intervention and operational management
intervention. Based on two management intervention modes, this paper divides
the management involvement into three levels: no management intervention,
moderate management intervention, and deep management intervention. This paper
systematically analyzes the influence mechanism of the two management
intervention modes and the degree of involvement on the performance of venture
enterprises, and constructs a comprehensive theoretical framework of venture
capital and entrepreneurial enterprise performance, which provides theoretical
support and research direction for follow-up research.