本文選題：風(fēng)險(xiǎn)投資　切入點(diǎn)：融增　出處：《吉林財(cái)經(jīng)大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

【摘要】：在2012年5月15日華盛頓舉行的第十四屆全球創(chuàng)業(yè)投資大會(huì)上，世界銀行行長羅伯特·佐利克在演講中表示，“對(duì)于風(fēng)險(xiǎn)投資機(jī)構(gòu)來說，未來機(jī)會(huì)存在于利與益并行之中，風(fēng)險(xiǎn)投資可以幫助企業(yè)成長，雇傭更多的工人，提高生產(chǎn)效率。同時(shí)，風(fēng)險(xiǎn)投資也可以成為社會(huì)變革的強(qiáng)大驅(qū)動(dòng)力，，幫助消除貧困，為社會(huì)變革帶來希望�！� 風(fēng)險(xiǎn)投資是創(chuàng)業(yè)企業(yè)的重要融資途徑，是社會(huì)發(fā)展和經(jīng)濟(jì)增長的重要驅(qū)動(dòng)力量。目前，我國風(fēng)險(xiǎn)投資進(jìn)入高速發(fā)展階段，隨著創(chuàng)業(yè)活動(dòng)的日益增多，風(fēng)險(xiǎn)投資影響力的增強(qiáng)，風(fēng)險(xiǎn)投資的相關(guān)問題受到越來越多人的關(guān)注。為了保證風(fēng)險(xiǎn)投資充分發(fā)揮其作用，為創(chuàng)業(yè)企業(yè)提供更多的幫助，有必要細(xì)致研究風(fēng)險(xiǎn)投資的作用機(jī)制、成功模式，促進(jìn)其規(guī)范、健康的發(fā)展。良好的風(fēng)險(xiǎn)投資運(yùn)行模式，是創(chuàng)業(yè)企業(yè)成長和發(fā)展的前提，也是風(fēng)險(xiǎn)投資機(jī)構(gòu)實(shí)現(xiàn)自身增值的前提。 我國風(fēng)險(xiǎn)投資行業(yè)目前存在著很多問題，其發(fā)展偏離了其應(yīng)有的軌道。我國的風(fēng)險(xiǎn)投資機(jī)構(gòu)投機(jī)問題嚴(yán)重，大多機(jī)構(gòu)在爭奪Pre-IPO項(xiàng)目，而對(duì)于早期的創(chuàng)業(yè)企業(yè)卻很少進(jìn)行投資。一方面使真正需要扶持的初創(chuàng)企業(yè)、科技型中小企業(yè)很難找到投資者，融資難題進(jìn)一步加劇。另一方面，創(chuàng)投機(jī)構(gòu)只關(guān)注被投企業(yè)何時(shí)上市，而忽略了對(duì)企業(yè)投資后的增值服務(wù)。由于IPO退出受阻，創(chuàng)投機(jī)構(gòu)退出無門，影響其投資收益、資本循環(huán)，以及以后的資金募集等一系列活動(dòng)。 風(fēng)險(xiǎn)投資在我國僅僅有20幾年的歷史，其發(fā)展還不是很成熟。近年來，風(fēng)險(xiǎn)投資的實(shí)踐經(jīng)驗(yàn)表明，風(fēng)險(xiǎn)投資還有很大的發(fā)展空間，它將會(huì)成為影響經(jīng)濟(jì)的重要力量之一。風(fēng)險(xiǎn)投資已經(jīng)對(duì)我國的創(chuàng)業(yè)企業(yè)、高科技行業(yè)以及創(chuàng)業(yè)板產(chǎn)生了很大的影響，但如何充分發(fā)揮其作用，還是一個(gè)不斷總結(jié)、探索的過程。風(fēng)險(xiǎn)投資是相對(duì)國際化的一個(gè)行業(yè)，由于我國經(jīng)濟(jì)和社會(huì)環(huán)境的不同，使得我國風(fēng)險(xiǎn)投資在發(fā)展中遇到很多問題。體制、法規(guī)的不健全，環(huán)境的不規(guī)范等多個(gè)原因，阻礙了我國風(fēng)險(xiǎn)投資行業(yè)的健康發(fā)展。 為了使我國風(fēng)險(xiǎn)投資更好的發(fā)揮其作用，扶持更多的創(chuàng)業(yè)企業(yè)，同時(shí)也幫助本土創(chuàng)投機(jī)構(gòu)的壯大與成長。本文首先分析了風(fēng)險(xiǎn)投資的特征及作用。然后分析了我國風(fēng)險(xiǎn)投資的發(fā)展?fàn)顩r及存在的問題。其次分析了我國風(fēng)險(xiǎn)投資機(jī)構(gòu)目前面臨的形勢(shì)與挑戰(zhàn)。最后根據(jù)我國風(fēng)險(xiǎn)投資發(fā)展?fàn)顩r及存在的問題，以充分發(fā)揮風(fēng)險(xiǎn)投資作用為目標(biāo)，結(jié)合國際成功發(fā)展模式與中國風(fēng)險(xiǎn)投資特有的發(fā)展特點(diǎn)，針對(duì)風(fēng)險(xiǎn)投資的運(yùn)作過程，研究我國風(fēng)險(xiǎn)投資未來發(fā)展模式。
[Abstract]:In May 15th 2012, at the 14th Global Venture Capital Conference in Washington, World Bank President Robert Zoellick said in a speech, "for venture capital firms, there is a future opportunity in both profit and profit. Venture capital can help companies grow, hire more workers and improve productivity. It can also be a powerful driver of social change, helping to eradicate poverty and bring hope for social change. " Venture capital is an important way of financing for venture capital enterprises and an important driving force for social development and economic growth. At present, venture capital in China has entered a stage of rapid development, with the increasing number of entrepreneurial activities and the increasing influence of venture capital. More and more people pay attention to the related problems of venture capital. In order to ensure that venture capital can give full play to its role and provide more help for the venture capital, it is necessary to study the mechanism, successful model and standard of venture capital carefully. Healthy development. A good operation mode of venture capital is the premise of the growth and development of the venture capital enterprise, but also the premise for the venture capital organization to realize its own value-added. At present, there are many problems in the venture capital industry of our country, and its development deviates from its proper track. The venture capital institutions in our country have serious problems of speculation, and most of them are competing for Pre-IPO projects. On the one hand, it makes it difficult for small and medium-sized technology enterprises to find investors, and the financing problem is further aggravated. Venture capital institutions only pay attention to when the enterprises will be listed, but ignore the value-added services after they invest in the enterprises. As the IPO exit is blocked, the venture capital institutions exit without a door, which affects their investment returns and capital cycles. And subsequent fund-raising and other activities. Venture capital has only a history of more than 20 years in our country, and its development is not very mature. In recent years, the practical experience of venture capital shows that there is still a lot of room for development of venture capital. It will become one of the important forces affecting the economy. Venture capital has had a great impact on the entrepreneurial enterprises, high-tech industries and the gem in our country, but how to give full play to its role is still a continuous summary. The process of exploration. Venture capital is a relatively international industry. Because of the different economic and social environment in our country, the venture capital in our country has encountered many problems in its development. The system and regulations are not perfect. The nonstandard environment and other reasons hinder the healthy development of venture capital industry in China. In order to make China's venture capital play its role better and support more entrepreneurial enterprises, At the same time, it also helps the growth and growth of local venture capital institutions. This paper first analyzes the characteristics and functions of venture capital, then analyzes the development of venture capital in China and the existing problems. Secondly, it analyzes the problems of venture capital in China. Finally, according to the development of venture capital in China and the existing problems, In order to give full play to the role of venture capital, combined with the international successful development model and the unique development characteristics of Chinese venture capital, the future development model of venture capital in China is studied in view of the operation process of venture capital.
【學(xué)位授予單位】：吉林財(cái)經(jīng)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F832.48

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