The Role of Innovative Projects for Sustainable Development of Enterprises

Venture capital is an essential financing option for small and medium-sized enterprises, especially high-tech enterprises. The sustainable development of enterprises is of great significance for promoting the high-quality growth of the economy. In this paper, Chinese-listed companies supported by venture capital from 2002 to 2022 are taken as the research sample. Semiparametric and nonparametric methods are adopted to explore the long-term impact of venture capital on the sustainable development of Chinese enterprises. It is found that the early stage of venture capital companies has a significant promoting effect on the sustainable development of the enterprises. In contrast, professionalism has no significant impact on the sustainable development of enterprises in the short term but has an inhibitory effect in the long term. The results show that venture capital is conducive to enterprises’ standardization and long-term development because it provides funds, supervision, and other noncapital value-added services, such as networking resources, management experience, and market information. Venture capital should refrain from interfering excessively in decision-making in professional and technical fields. This paper addresses the need to research venture capital’s impact on enterprises’ sustainable development. It provides a specific reference for formulating venture capital contracts and related policy recommendations.

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The impact of venture capital on Chinese SMEs’ sustainable development: a focus on early-stage and professional characteristics

Liu

Jiang

Zhang

2023

Humanit Soc Sci Commun

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The Role of Non-Financial Reporting in Economic Decision-Making

Bychkova,

Mal'ceva

2023

Auditor

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An important aspect of making an economic decision is the disclosure of both financial and non-financial information. Non-financial reporting is the main tool for obtaining the necessary information for stakeholders. Th e purpose of this work is to study the role of non-financial reporting in economic decision-making. The main stakeholders of the information presented in non-financial reporting have been identified. Th e analysis of the impact of non-financial reporting on economic decision-making by both internal and external users is carried out.

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The Role of Innovative Projects for Sustainable Development of Enterprises

Cited by 2 publications

References 13 publications

The impact of venture capital on Chinese SMEs’ sustainable development: a focus on early-stage and professional characteristics

The impact of venture capital on Chinese SMEs’ sustainable development: a focus on early-stage and professional characteristics

The Role of Non-Financial Reporting in Economic Decision-Making

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