基于投资者的股权众筹风险管理研究.docxVIP

基于投资者的股权众筹风险管理问题摘要：互联网股权众筹是互联网金融范畴下的概念，是一种资本市场的投融资创新手段。2016年两会期间，股权众筹被写入政府报告并被纳入到十三五规划当中，股权众筹至此上升到国家战略层面，对于调结构、惠民生、促发展具有重要意义。本文基于投资者的视角分析了股权众筹的风险管理问题，从三个方面进行了深入阐述。本文分为三个部分，第一部分是提出问题部分即对一般投资者、股权众筹投资者在投资活动中所要面临的风险进行了分析。众筹投资者需要面临涉嫌非法集资风险、合同风险、信用风险、信息不对称风险、投资回报风险、投资者法律风险，其中投资回报风险又分为初创项目亏损风险、大股东损害小股东风险以及项目估值不确定风险。广义上看，投资者还需要面对筹资方风险以及第三方平台风险。本文第二部分是分析问题部分，利用风险管理方法对股权众筹中投资者需要面临的风险进行了风险并指出控制方向。本文的第三部分是解决问题部分，即对股权众筹中投资者如何有效规避风险、趋利避害提出了应对措施。本文认为，在十三五规划开局之年、全面建成小康社会元年，统筹推进双创四众是今后经济发展的政策指引方向。在此背景下，股权众筹作为互联网金融的排头兵具有广阔的发展前景，在盘活民间沉淀资金、推动产业结构升级、引领大众创业万众创新、创新经济增长驱动点等方面具有重要意义。关键词：股权众筹；投资者；风险管理Abstract: The Internet is the concept of equity crowdfunding under the category of Internet banking， investment and financing innovation is a means of capital markets. During the two sessions in 2016， the equity crowdfunding is written and included in a government report to thirteen five-year plan which， equity crowdfunding far risen to the national strategic level， to adjust the structure， benefits peoples livelihood and promote development of great significance. It based on the perspective of the investor analysis equity crowdfunding risk management issues， from three aspects into the details. This paper is divided into three parts， the first part is the part that is to ask questions of general investors， venture equity crowdfunding investors face in investing activities were analyzed. Crowdfunding investors need to face the risks involved in illegal fund-raising， contract risk， credit risk， information asymmetry risk， return on investment risk， legal risk investors， including investment risk and return into the project start-up risk of loss， damage to large shareholders and small shareholders risk project valuation uncertain risks. In a broad sense， investors also need to face the risk of the financing party and third-party platform risk. The second part of this article is to analyze part of the problem， the use of risk management approach to risk equity crowdfunding investor needs faced by t