私募股權(quán)二級市場結(jié)構(gòu)與交易定價思路研究
發(fā)布時間:2018-06-26 08:22
本文選題:私募股權(quán)二級市場 + 投資組合交易; 參考:《上海交通大學(xué)》2014年碩士論文
【摘要】:私募股權(quán)二級市場是私募股權(quán)基金權(quán)益的交易場所,也是近年來逐步受到重視的一個退出渠道。其對促進私募股權(quán)一級市場和整個行業(yè)的發(fā)展有著重要的作用。盡管私募股權(quán)二級市場早已存在,但對私募股權(quán)基金的投資組合的轉(zhuǎn)讓交易的研究是一個全新的學(xué)術(shù)領(lǐng)域,國際上并沒有專門的文獻單獨對此進行過論述,,更缺乏對兩個市場間相互作用影響的分析。 本文對私募股權(quán)投資組合交易過程中的買賣兩方的影響因素進行了分析,得出私募股權(quán)二級市場的存在將有助于私募一級投資市場中基金對企業(yè)價值發(fā)現(xiàn)的結(jié)論,回答了私募股權(quán)二級市場的存在意義和影響市場的相關(guān)因素。對實際操作中的交易定價的考量有很強的現(xiàn)實指導(dǎo)意義。 本文的主要內(nèi)容包括私募股權(quán)二級市場的歷史背景、市場結(jié)構(gòu)、影響驅(qū)動因素以及對于一二級市場相互之間作用的總結(jié)。
[Abstract]:The secondary market of private equity is the trading place of private equity fund, and it is also an exit channel that has been paid more and more attention in recent years. It plays an important role in promoting the development of private equity market and the whole industry. Although the secondary market of private equity has existed for a long time, the research on the transfer of portfolio of private equity funds is a new academic field, which has not been discussed separately in the international literature. There is also a lack of analysis of the interaction between the two markets. This paper analyzes the influence factors of two parties in the process of private equity portfolio trading, and draws the conclusion that the existence of the secondary market of private equity will be helpful to the discovery of the value of fund to enterprise in the private equity primary investment market. It answers the significance of private equity secondary market and the related factors that affect the market. The consideration of transaction pricing in practice has a strong practical significance. The main contents of this paper include the historical background of the private equity secondary market, market structure, influencing factors and a summary of the interaction between the primary and secondary markets.
【學(xué)位授予單位】:上海交通大學(xué)
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2014
【分類號】:F832.51
【參考文獻】
相關(guān)期刊論文 前1條
1 清科;;私募股權(quán)二級市場在金融危機下的繁榮[J];資本市場;2009年09期
本文編號:2069802
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