Venture capital, control rights, and family enterprise growth.

This research explores and explains the path of family enterprise venture capital equity financing from the perspective of endogenous family control rights. We adopted unbalanced panel data on Chinese listed companies from 2007 to 2018. Empirical research shows that there are significant differences...

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Autores principales:	Xianjun Pang, Liping Liu
Formato:	article
Lenguaje:	EN
Publicado:	Public Library of Science (PLoS) 2021
Materias:	Medicine R Science Q
Acceso en línea:	https://doaj.org/article/db583214ca734a0090fcf6d28d0a5d7c
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spelling	oai:doaj.org-article:db583214ca734a0090fcf6d28d0a5d7c2021-12-02T20:17:51ZVenture capital, control rights, and family enterprise growth.1932-620310.1371/journal.pone.0256318https://doaj.org/article/db583214ca734a0090fcf6d28d0a5d7c2021-01-01T00:00:00Zhttps://doi.org/10.1371/journal.pone.0256318https://doaj.org/toc/1932-6203This research explores and explains the path of family enterprise venture capital equity financing from the perspective of endogenous family control rights. We adopted unbalanced panel data on Chinese listed companies from 2007 to 2018. Empirical research shows that there are significant differences in the impact of venture capital on the growth performance of family enterprises and non-family enterprises. Venture capital negatively affects the growth performance of family enterprises, while the negative impact of venture capital on family enterprises is not significant. In addition, family control positively moderates the negative impact of venture capital on family enterprise growth performance.Xianjun PangLiping LiuPublic Library of Science (PLoS)articleMedicineRScienceQENPLoS ONE, Vol 16, Iss 8, p e0256318 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Medicine R Science Q
spellingShingle	Medicine R Science Q Xianjun Pang Liping Liu Venture capital, control rights, and family enterprise growth.
description	This research explores and explains the path of family enterprise venture capital equity financing from the perspective of endogenous family control rights. We adopted unbalanced panel data on Chinese listed companies from 2007 to 2018. Empirical research shows that there are significant differences in the impact of venture capital on the growth performance of family enterprises and non-family enterprises. Venture capital negatively affects the growth performance of family enterprises, while the negative impact of venture capital on family enterprises is not significant. In addition, family control positively moderates the negative impact of venture capital on family enterprise growth performance.
format	article
author	Xianjun Pang Liping Liu
author_facet	Xianjun Pang Liping Liu
author_sort	Xianjun Pang
title	Venture capital, control rights, and family enterprise growth.
title_short	Venture capital, control rights, and family enterprise growth.
title_full	Venture capital, control rights, and family enterprise growth.
title_fullStr	Venture capital, control rights, and family enterprise growth.
title_full_unstemmed	Venture capital, control rights, and family enterprise growth.
title_sort	venture capital, control rights, and family enterprise growth.
publisher	Public Library of Science (PLoS)
publishDate	2021
url	https://doaj.org/article/db583214ca734a0090fcf6d28d0a5d7c
work_keys_str_mv	AT xianjunpang venturecapitalcontrolrightsandfamilyenterprisegrowth AT lipingliu venturecapitalcontrolrightsandfamilyenterprisegrowth
_version_	1718374377022554112

Venture capital, control rights, and family enterprise growth.

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