本文選題：私募股權(quán)基金　切入點(diǎn)：創(chuàng)業(yè)風(fēng)險(xiǎn)投資　出處：《遼寧師范大學(xué)》2014年碩士論文

【摘要】：私募股權(quán)基金（Private Equity Fund，簡(jiǎn)稱(chēng)為PE），創(chuàng)立于美國(guó)20世紀(jì)早期。創(chuàng)業(yè)投資企業(yè)—ARD，，于1946年誕生在美國(guó)，成為現(xiàn)代意義上的第一家創(chuàng)業(yè)投資公司。隨后美國(guó)通過(guò)相關(guān)法案，開(kāi)始開(kāi)放銀行和金融公司投資小型企業(yè)，正式走上了私募股權(quán)基金的道路。美國(guó)發(fā)展最迅猛的時(shí)期是80年代，資本市場(chǎng)上流行高收益?zhèn)谫Y，大力地推進(jìn)了私募股權(quán)基金的發(fā)展進(jìn)程。到了90年代，我國(guó)改革開(kāi)放加快了社會(huì)主義市場(chǎng)經(jīng)濟(jì)發(fā)展的步伐，我國(guó)學(xué)術(shù)界開(kāi)始認(rèn)識(shí)到私募股權(quán)基金，通過(guò)了解與借鑒，私募股權(quán)基金逐步闖入我們的視角。截止到2009年，我國(guó)創(chuàng)業(yè)風(fēng)險(xiǎn)投資機(jī)構(gòu)數(shù)在發(fā)改委備案已經(jīng)超過(guò)400家，迅速成為中國(guó)投資業(yè)的主力。當(dāng)中國(guó)的市場(chǎng)經(jīng)濟(jì)越來(lái)越好，產(chǎn)業(yè)的創(chuàng)新能力越被重視，激勵(lì)人才發(fā)展原動(dòng)力，提升國(guó)家綜合實(shí)力，那么私募股權(quán)基金就成了改善中小企業(yè)融資瓶頸的關(guān)鍵。中國(guó)本土的經(jīng)營(yíng)模式已經(jīng)被大家熟知的時(shí)候，私募股權(quán)基金在長(zhǎng)足發(fā)展后發(fā)現(xiàn)許多問(wèn)題。主要是由于引進(jìn)的商業(yè)模式并不是很適合中國(guó)的國(guó)情，我們應(yīng)該經(jīng)過(guò)長(zhǎng)時(shí)間的實(shí)踐與摸索，研究出一套完全屬于我國(guó)行情的經(jīng)營(yíng)模式。所以，中國(guó)式私募股權(quán)基金的出現(xiàn)具有現(xiàn)實(shí)意義。 本文以中國(guó)私募股權(quán)基金的發(fā)展為軸心，系統(tǒng)的講述了私募股權(quán)基金的概念、內(nèi)涵、運(yùn)作流程、風(fēng)險(xiǎn)管控及前瞻問(wèn)題。對(duì)于阻礙私募股權(quán)基金未來(lái)發(fā)展的道路提出了建設(shè)性的意見(jiàn)。全文共分為四部分：第一部分寫(xiě)的是私募股權(quán)基金的概述，重點(diǎn)講述私募股權(quán)基金的概述、業(yè)務(wù)范圍及組織形式。第二部分寫(xiě)的是中外私募股權(quán)基金的發(fā)展比較與經(jīng)驗(yàn)借鑒。通過(guò)結(jié)合國(guó)際的經(jīng)驗(yàn)及數(shù)據(jù)，分析本土經(jīng)營(yíng)與發(fā)達(dá)國(guó)家存在的差距。第三部分寫(xiě)的是私募股權(quán)基金的風(fēng)險(xiǎn)管理與防范。通過(guò)適當(dāng)?shù)姆婪洞胧﹣?lái)化解列舉的七種風(fēng)險(xiǎn)。剖析了不應(yīng)該單單只做事中、事后的風(fēng)險(xiǎn)處理，最重要是宏觀風(fēng)險(xiǎn)預(yù)警。第四部寫(xiě)的是中國(guó)私募股權(quán)基金發(fā)展前瞻。闡釋了中國(guó)私募股權(quán)基金現(xiàn)階段需要的市場(chǎng)定位、內(nèi)部控制機(jī)制及外部建設(shè)環(huán)境等緊待解決的問(wèn)題。
[Abstract]:Private Equity Fund (Private Equity Fund, referred to as PE), founded in the early twentieth Century. Venture capital investment enterprises - ARD, was born in America in 1946, became the first modern venture capital company. Then the United States passed the relevant bill to open bank and financial companies to invest in small businesses, formally embarked on a private equity fund roads. The United States in the rapid development period is 80s, capital market popular high-yield bond financing, and vigorously promote the development of private equity funds. In 90s, China's reform and opening up the development of socialist market economy, our country academic circles begin to recognize the private equity fund, through the understanding of with reference to private equity funds gradually into our perspective. By the end of 2009, the number of venture capital institutions of our country in the development and Reform Commission has more than 400, quickly become China's investment industry. When the main China the market economy more and better, the innovation ability of the industry more attention, the original motivation of talent development, enhance the comprehensive national strength, so the private equity fund has become the key to improve the financing bottleneck of small and medium sized enterprises. Chinese local business model has been known, the private equity fund found a lot of problems in the development. The main is due to the introduction of the business model is not very suitable for Chinese conditions, we should explore and practice through a long time, the business model of a complete set of China belongs to the market. Therefore, there is of practical significance China type of private equity funds.
In this paper, the development of China private equity fund as the axis, described the concept of private equity funds, connotation, operation process, risk control and prospective problems. For the future to hinder the development of private equity fund road and put forward constructive suggestions. The full text is divided into four parts: the first part is an overview of the writing of private equity the fund's focus on the overview of private equity funds, business scope and form of organization. The second part is the comparison and experience of development of foreign private equity funds. Through a combination of international experience and data, analyzes the gap in local business with developed countries. The third part is the risk prevention and management of private equity funds seven. Risk list to resolve through appropriate preventive measures. The analysis should not only work, risk treatment afterwards, the most important is the macro risk warning fourth. The Ministry is writing the prospect of China's private equity fund development. It explains the current market positioning, internal control mechanism and external construction environment of China's private equity fund.

【學(xué)位授予單位】：遼寧師范大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類(lèi)號(hào)】：F832.51

【參考文獻(xiàn)】

相關(guān)期刊論文 前3條

1 卞華舵;;中國(guó)私募股權(quán)基金發(fā)展的問(wèn)題與對(duì)策[J];現(xiàn)代企業(yè)教育;2007年13期

2 肖平;;本土私募成長(zhǎng)的核心問(wèn)題[J];資本市場(chǎng);2007年04期

3 中國(guó)人民銀行天津分行課題組;蘇東海;;發(fā)展我國(guó)私募股權(quán)投資基金的思考[J];中國(guó)金融;2007年21期

本文編號(hào)：1664642