论我国风险投资的发展-金融学专业论文.docxVIP

AbstractWjtb Abstract Wjtb fast development and 910balization of the WOFld economy，capitaI of)e．FatiOil is more and i『lternatjanalized．1 Fecent Tye÷u‘s，1 he deve JOI)[!lcP．f of fhi eCOllOmy has prey 5 ded good circumstances for velltU：e【、|11)i{r、1．rnd aTtI，heted many ven％tlro capi{al jnvestors both fzlom abroad and home，}Ⅲd：}jo veiltuFe capital has benefit t．he SOCi ety great]Y．But we^j sf)re3】j timI hp development of-Chi nese venture capi La[is still at low 1evel，Lhere imflv tbi ngs do to attain excel lant qua]i tY()r COIl(ji 1 io r]．Therefo learni ng and dove JoDiIlg venture capita J il]vesti ng rheorl,and t ech01 q—le， t Fblj ning modern venture iIlVUstOrS，j the mesl urgeilt t}Lsk for(：：11f；。{． pr0111 tile view o『_ve rlt capi ta]investing theory，and accordlng{o the[IICt㈨‘J ofl histel y aild logic，and be]ng instruc Led by Lhe princ pl c、or practico．mt hesi s,qUIltlIIa]7j l，he experi of、intel’natiOilg】venture capital operdtj o．nd itllill yz{、s Lhe LiH‘(?cap]tal StiltUS quo ofl Chi na，aild U『)fon p{)i’lL {o s01 the yenture capital prob]ems．’l、he nlain reasons el vhe exi s“ng DrOhI e．【he singularitY()fifivesLing main body，theimperfection of exil mechanij；fll bad(’i re(mstances，absence ofprofess[onal personnel，ect．．1、he thesj s㈨i ff)l’wHrd S01j 0r solutions，for examplo establishing mull i coml)oilenl～i r]w．esl ng mechani s礼estab】i shing perfee c venture iIlvesl：ng opOi’“／l ng[[1eChan sm，opl】911 og vanlure nvestlIlg ctrcumst}fflCOS and r}11I!：n￡ t11re per’SO[IRe I，ect．． Key lords：Veill LIFO capital，Venture capilat invesl iag nlecb}111i rn，Vcl。㈨H c。l})il r“()})t”。l{，i ng nlechani舢1，Venl ure capil211 exjtj ng niechani Sill，SecondI，a，、kel 3 引言岛新技术产业的发展是国家氏期竞争优势的最主要来源，也是衡量国家经济实力的 引言 岛新技术产业的发展是国家氏期竞争优势的最主要来源，也是衡量国家经济实力的 重要标志。与发达国家相比，我国的经济实力和科技实力还比较落后，还需要通过风险 投资这一中介，以科学知识带动经济发展，快速赶超世界发达国家。 风险投资是在市场经济体制下支持科技成果转化的一种重要手段，其实质是投资中 介操控来源于投资主体的资本，寻找并过滤投资机会，使风险资本剐时投入若干投资各 体，并募集追加资本，监测和管理资本的使用，使资本增值，待时机成熟，将成功的项 目出售或上市，这时不仅能弥补失败项目的损失，而且还可使投资者获得高额叫报。存 市场经济社会中，在高新技术向实际生产力转化过程中