Jie Zhao,
School of Accounting, Zhongnan University of Economics and Law, Wuhan, 430073, China
Yuehua Jiao
School of Accounting,Zhongnan University of Economics and Law, Wuhan, 430073, China
Zhuan Sun
School of education and mangement, Wuhan Vocational College of Communication and Publishing, Wuhan, 430073, China

Abstract:

The essential purpose of this research study is to measure the venture capital fund type and corporate innovation performance. This research study was conducted in China and research based on secondary form. Venture capital fund types included early-stage financing, expansion-stage financing, and buyout financing; these are sub-variables of venture capital funds, and VCF consider as an independent variable in this research paper. Corporate innovation performance is the dependent variable for measuring the relationship between venture capital fund type and corporate innovation performance using Eviews software. Using this software analysis, different test models such as descriptive statistical analysis, unit root test analysis, correlation coefficient, a test of equality, and regression analysis in between them. The overall result found a positive and significant relation between venture capital fund type and corporate innovation performance. Furthermore, the result founded that expansion financing also shows a significant impact on corporate innovation performance. The findings of this study add to VC’s experience and propose ways for Entrepreneurs to improve innovation commercialization, significantly expanding our understanding of the influence of VC on venture company innovation performance.

Keywords:Venture Capital Fund (VCF), Early-stage Financing (ESF), Expansion Financing (EF), Acquisitions/Buyout financing (ABF), and Corporate Innovation Performance (CIP).