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Comparative Study On Supporting Environment Of Venture Capital Firm Among U.S, Japan, China

Posted on:2005-03-10Degree:MasterType:Thesis
Country:ChinaCandidate:Y M LiuFull Text:PDF
GTID:2156360122999634Subject:Technical Economics and Management
Abstract/Summary:PDF Full Text Request
Domestic and international relevant researches consider that the good operation and development of the venture capital firm need not only the effective operating mechanism, but also the supporting environment. The venture capital firms of different countries have different operation modes, and great difference exists in such aspects as the source of the venture capital, organizational form. And the reason of this kind of difference is that the supporting environment such as politics, economy, society, culture of various countries is different. Comparative study on supporting environment of venture capital firm of different countries is a significant research for fostering the supporting environment of venture capital firm of our country.The thesis is a part of National Outstanding Youth Science Fund Project 'Systematic Design for Environment and Model of China High-tech Venture Capital Corporation' (70025202). On the basis of reading the domestic and international relevant document and making investigation in Venture Capital firms, the thesis makes comparative study on the supporting environment for venture capital firms between U.S, Japan and China.The thesis includes 5 chapters; the content of every chapter is the following:Chapter 1: Preface. The Chapter elaborates research background, meaning and current situation and defines thesis theme, research content and research approach. And propose that there will be several innovations in the thesis: 1, Structuring the supporting environment system for venture capital firms; 2, From the national aspect to compare the financial environment, policy environment, legal environment, cultural environment, human environment and social service system of the supporting environment of venture capital firms among U.S., Japan and China.3, Using DEA method to carry on international comparative research on the relative validity about the supporting function of financial environment for venture capital firms. Chapter 2: The current situation of the venture capital firms. From the scale of the venture capital, source of the venture capital, organizational form of venture capital firm and investment stage, it compares the current situations of the venture capital firms among U.S., Japan and China. Through analyzing American's venture capital volume change, the chapter concludes that supporting environments play an important role during the course of the U.S. venture capital development. Then, the chapter compares the current situations of the venture capital firms of the United States, Japan and China and concludes that in three countries there are differences in the source of the venture capital, organizational form of venture capital firms and risk investment trade. And the investment stage distribute is roughly the same in the three countries.Chapter 3: Research on supporting environments system of venture capital firms. The chapter analyses the intension and characteristic of the supporting environment of venture capital firms at first, Then it structures the supporting environment system of venture capital firms theoretically, and points out that the supporting environment system of venture capital firms is composed of financial environment, legal environment, policy environment, human environment, cultural environment and social service system.Chapter4: Comparative studies on the supporting environment for venture capital firms among U.S, Japan, China. This chapter is a focal point of a full text.The chapter compares the financial environment, policy environment, legal environment, cultural environment, human environment and social service system of the supporting environment of venture capital firms among U.S., Japan and China.In the comparative analysis of the financial environment, it analyzed the financial environment of U.S.A. from financial system origin, financial assets structure and several respects of market system of capital at first. The chapter analyzed the financial environment of Japan from main characteristic and OTC market state of respect of hi...
Keywords/Search Tags:venture capital firm, supporting environment, comparison across countries
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