Strategic Investor and Corporate Governance Performance of High-tech Enterprises

Since the 1970s , the high-tech in all developed countries and newly industrialized countries has been rapid development , the progress of the high-tech industry is not only economic growth , while changing the industrial structure of developed countries . Strategic investment mechanisms to adapt to the needs of the market and high-tech development . The problem of the modern high-tech corporate governance structure directly determines the competitiveness of the market of high-tech enterprises . The introduction of strategic investors can bring in advanced technology and management experience , optimize the shareholding structure of the high-tech enterprises in China to help promote the shareholding system reform , the establishment of good corporate governance mechanism . The introduction of strategic investors has become a key link in the current high-tech enterprise reform . The selected data of listed companies and strategic investors high-tech enterprise performance empirical analysis test , found significant positive relationship between strategic investors and high-tech enterprise performance . Empirical Analysis of the results strongly the introduction of strategic investors had a positive impact on the corporate governance of China's high-tech enterprises , strategic investors, the involvement of high-tech corporate governance model in line with the demand for joint-stock reform of China's high-tech enterprises . The introduction of strategic investors is an effective way for the reform of China's high-tech enterprises , is to help high-tech companies successfully market and improve the level of business the right choice . At the same time, we must guard against the enterprises in the introduction of capital , financial security , equity issues such as transfer pricing . Therefore should deepen the reform of high-tech enterprises of their own internal governance , promote the construction of the external harmonious environment , and make full use of the advantages of strategic investors to promote the improvement of corporate governance structure of China's high-tech .