Author(s)

Yan Wang

Department of Finance, Jinan University, Guangzhou, China.

Based on the two theoretical hypotheses of “screening theory” and “cultivation theory”, this paper reviews the concepts and motivations of venture capital institutions’ management intervention, and summarizes the two modes of venture capital institution management intervention: supervisory control intervention and operational management intervention. Based on two management intervention modes, this paper divides the management involvement into three levels: no management intervention, moderate management intervention, and deep management intervention. This paper systematically analyzes the influence mechanism of the two management intervention modes and the degree of involvement on the performance of venture enterprises, and constructs a comprehensive theoretical framework of venture capital and entrepreneurial enterprise performance, which provides theoretical support and research direction for follow-up research.

Supervisory Control Intervention, Operational Management Intervention, The Degree of Involvement

Wang, Y. (2019) The Relationship between the Management Intervention of Venture Capital Institutions and the Performance of Start-Up Enterprises. Modern Economy, 10, 666-678. doi: 10.4236/me.2019.103045.