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Study On Management Mechanism Of Venture Capital Investment

Posted on:2003-12-25Degree:MasterType:Thesis
Country:ChinaCandidate:D J ZhaoFull Text:PDF
GTID:2156360065955929Subject:Industrial Economics
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The successful experience of American proves that Venture Capital Investment can effect GNP greatly. Venture Capital becomes eye-catching just because of its close relation with high-technique. Our nation has practiced this investment for more than 10 years, but has not brought it's might into full play. It is probably because of the low efficiency of our Venture Capital Investment Management Mechanism.This thesis makes researches at two sections in Venture Capital Investment. First, it analyzes the emergence of venture capital market with the institutional economics and transaction cost theory. Second, it makes a comparative analysis to Management Mechanism that under different venture capital market developing model , like arrangement of property right, incentive and bonding ,risk elusion, manpower developing mechanism and withdrawal mechanism by using the qualitative and quantitative analysis method.About the construction, the first chapter introduces the development process of Venture Capital Investment, the organization and present research results of Venture Capital Investment Management Mechanism.The second chapter describes the theoretical analysis to Venture Capital Investment Management Mechanism.The third chapter makes a comparative analysis to Venture Capital Investment Management Mechanism under different venture capital market developing models.The fourth chapter briefs the summary that under venture capital developing model centering on stock market, the Management Mechanism can make full use of its efficiency .In the end, the article gives some advises basic on the characteristics of developing model centering on stock market and our national reality.This article tries to bring three new ideas:(1) Discussing the emergence of venture capital market by usingthe institutional economics and transaction cost theory.(2) Analyzing the efficiency of Venture Capital Investment Management Mechanism under different models by systems analysis method and comparative analysis method.(3) Expounding logically the incentive effects resulting from phase-investment by market reputation models.
Keywords/Search Tags:Venture Capital Investment, Venture Capital, Management Mechanism, Theory of enterprise
PDF Full Text Request
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