Abstract Based on the data of Chinese Growth Enterprise Market listed companies from October 2010 to December 2015,this article verifies the effect of social capitals on financing capacity. At first, it divides social capitals into political connection capitals and industrial connection capitals, and then political connection capitals are classified as “government officials” connection capitals and “members of People’s congress or Chinese people’s Political Consultative Conference” connection capitals and verify the effect of social capitals on financing capacity again. The results show that whether enterprises with political connection capitals or industrial connection capitals are more likely to get venture capital. It make clear that social capital can reflect high quality signals of the enterprise to send out investors, thus helping them access to venture capital to ease the financing constraints; enterprises with “government officials” connection capitals are more likely to get venture capital; enterprises with “members of People’s congress or Chinese people’s Political Consultative Conference” connection capitals have no significant effects on getting venture capital.
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