我國(guó)私募股權(quán)投資退出機(jī)制完善性研究
發(fā)布時(shí)間:2018-01-19 07:25
本文關(guān)鍵詞: 私募股權(quán)投資 發(fā)展現(xiàn)狀 退出機(jī)制 退出障礙 出處:《華東師范大學(xué)》2012年碩士論文 論文類型:學(xué)位論文
【摘要】:相比起發(fā)達(dá)國(guó)家,中國(guó)私募股權(quán)投資市場(chǎng)的發(fā)展剛剛步入正軌。中國(guó)通過(guò)30多年的改革開放積累了巨大的財(cái)富,這些長(zhǎng)期以儲(chǔ)蓄方式保存的資金需要尋求更高收益的投資渠道。目前我國(guó)正在大力支持高新科技產(chǎn)業(yè)的發(fā)展,而高新科技產(chǎn)業(yè)從科技創(chuàng)新成果轉(zhuǎn)化為實(shí)際生產(chǎn)力的過(guò)程必然需要綜合性、全方位的金融支持。除了傳統(tǒng)的銀行信貸傾斜與國(guó)家財(cái)稅優(yōu)惠,私募股權(quán)投資在發(fā)展新興產(chǎn)業(yè)和推動(dòng)社會(huì)科技進(jìn)步等方面,必將發(fā)揮不可取代的作用。因此,私募股權(quán)投資市場(chǎng)的發(fā)展趨勢(shì)和私募股權(quán)投資的退出機(jī)制需要分析和研究。 本文擬研究我國(guó)私募股權(quán)投資市場(chǎng)的歷史沿革及發(fā)展現(xiàn)狀,重點(diǎn)剖析了我國(guó)私募股權(quán)投資的退出機(jī)制,并對(duì)其中存在的普遍性問(wèn)題與障礙提出了可行的解決方案。首先,本文闡述了研究背景和意義,說(shuō)明深入探究私募股權(quán)投資內(nèi)涵和退出模式的必要性;其次,概述了私募股權(quán)投資基金的投資理論、分類和投資操作流程;介紹了我國(guó)私募股權(quán)投資市場(chǎng)發(fā)展的歷史,分析了融資結(jié)構(gòu)、投資規(guī)模、投資類型、投資階段、投資行業(yè)、投資領(lǐng)域和退出方式;然后,重點(diǎn)研究了我國(guó)私募股權(quán)退出的機(jī)制及現(xiàn)狀,并列舉了實(shí)際的案例進(jìn)行分析;最后,探討了我國(guó)私募股權(quán)投資發(fā)展及退出機(jī)制遇到的問(wèn)題,并提出了一些意見(jiàn)和建議。希望本文能為我國(guó)私募股權(quán)投資的發(fā)展略盡綿薄之力。
[Abstract]:Compared with developed countries, China's private equity market is just on track. China has accumulated huge wealth through more than 30 years of reform and opening up. These long-term saving funds need to seek higher income investment channels. At present, our country is vigorously supporting the development of high-tech industry. However, the process of transforming high-tech industry from scientific and technological innovation to actual productivity is bound to require comprehensive and all-round financial support, in addition to the traditional bank credit tilt and national fiscal and tax preferences. Private equity investment in the development of emerging industries and promote social science and technology progress, will play an irreplaceable role. The development trend of private equity investment market and the exit mechanism of private equity investment need to be analyzed and studied. This paper intends to study the history and development of the private equity investment market in China, focusing on the analysis of the withdrawal mechanism of private equity investment in China. And put forward the feasible solutions to the universal problems and obstacles. Firstly, this paper expounds the research background and significance, and explains the necessity of exploring the connotation and exit mode of private equity investment. Secondly, it summarizes the investment theory, classification and investment operation process of private equity investment fund. This paper introduces the history of the development of private equity investment market in China, analyzes the financing structure, investment scale, investment type, investment stage, investment industry, investment field and exit mode. Then, the paper focuses on the mechanism and current situation of private equity withdrawal in China, and enumerates the actual cases for analysis; Finally, this paper discusses the problems encountered in the development and withdrawal mechanism of private equity investment in China, and puts forward some suggestions and suggestions. It is hoped that this paper can contribute a little bit to the development of private equity investment in China.
【學(xué)位授予單位】:華東師范大學(xué)
【學(xué)位級(jí)別】:碩士
【學(xué)位授予年份】:2012
【分類號(hào)】:F832.51
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