私募股权投资特征与支持企业成长——来自中小板的数据

Private Equity Character and its Backed Company Growth——Data from Small-Middle Board Market

在我国加快创新型社会推进中,需要更多成长性中小企业的参与,传统的融资模式使中小企业很难获得资金支持,而私募股权投资基金的兴起改善了这一情形。但是,到底什么样的私募股权投资基金有利于推进中小企业成长。文章通过对中小板92家样本公司的实证研究发现,支持企业成长性与私募股权投资名义规模成正比,与私募股权投资基金的投资期限和实际规模成反比。

Nowadays we are in the construction process of innovative society, which needs more growing company participated. However these companies are hard to obtain financial support in the traditional fund raising mode. Emerging of private equity can resolve this dilemma on some extent. It is question what kind private equity is useful for its backed company. This paper reveals that backed company growing has posi- tive relation with private equity＇s nominal scale, and has negative relation with the factors of private equi- ty＇s investing period and real scale.