我国风险投资退出方式分析初稿.docVIP

我国风险投资退出方式分析 摘 要 风险投资（Venture Capital） 本文共分为五章内容:第一章为绪论，对本文的研究背景及意义、国内外研究现状、本文采取的研究方法及创新之处做出阐述；第二章是对风险投资退出方式概述，对其优劣势比较分析；第三章是国外风险投资退出方式现状。通过对美国与德国风险投资退出现状的简要概述，分析了美国的成功之处和德国的失败之处；第四章则是通过我国风险投资退出方式与美德两国风险投资退出方式进行比较，分析我国现阶段风险投资退出存在的问题；第五章通过前文的分析，对完善我国风险投资退出提出一些建议。 关键词：风险投资；退出方式；公开上市；并购；回购；清算 Abstract Venture Capital originated in the 20th century American fifties and sixties, is the capital, directly or indirectly, into the high-tech industry, so that technology can be quickly transformed into productive investment behavior in order to obtain a higher income . The risk of investing in the 1980s into the country has been 30 years since development, though already made some achievements, compared with developed countries is inadequate . All in all ,find restrict Chinas venture capital industry has become a top priority of reason . While the exit of venture capital is an important part of the entire venture capital in the operating mechanism, a good venture capitalist to invest in a high-tech industry, he has already started to pay attention to when should quit, he would choose the best chance to exit, to obtain a high return on investment . So, we can do that, imperfect exit mechanism is one of the important reasons to limit the development of venture investment in China. Therefore, the analysis of our existing venture capital exit, analysis of venture capital exit imperfect reason, seek countermeasures, which have great practical significance for the country to break the bottleneck stage venture capital industry encountered. This paper is divided into five chapters: the first chapter includes synopsis of research background, process, methodology, and the innovation of this paper.; The second chapter is an overview of the venture capital exit , and its comparative analysis; The third chapter is the status of foreign venture capital exit. Through the United States and Germany venture capital exit a brief overview of the status , analysis of the US successes and fai