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Operation Mechanism Research Of High-tech Venture Capital Company

Posted on:2005-12-30Degree:MasterType:Thesis
Country:ChinaCandidate:J WeiFull Text:PDF
GTID:2156360125971015Subject:Management Science and Engineering
Abstract/Summary:PDF Full Text Request
In the intellectual economic times, the high-tech industry becomes a main source of national competition, but owing to the investment particularities ofhigh-tech industry, which has brought out a new kind of investment way --theoccurrence of venture capital. The system of venture capital(VC) is the most effectual support system of high-tech achievements marketization and industrialization. As a new; kind of invest mechanism and way of the combination of science technology and finance, VC still lacks scientific operation mechanism at present.Regarding the operation flow of VC company as guide, this paper explained the operation mechanism of VC company in detail from the organization form and the operation flow. First, through a comparison analysis of VC organization forms, explained the defect existing on the institution of VC company of our country, the author pointed out that limited tied up company was a workable form of VC company of our country. Second, according to the operation flow of company, it divided the micro-operation mechanism of the company into four parts: VC funds raising mechanism, project evaluation and decision-making mechanism, venture control mechanism and retreat mechanism. Then it set up a feasible evaluation index system of VC on the base of theory and practice, and applied Analytic Hierarcy Process (AHP) and pattern recognition to determine the weight of each appraisal index, adopted fuzzy analysis method to appraise risk of VC project. Through analyzing risk of VC company generally, it put forward the necessities and modes of risk control. Finally, after comparing the different retreating ways, it put forward the retreating ways of VC company according the present situations of our country.
Keywords/Search Tags:venture capital company, operation mechanism, AHP method, fuzzy analysis method
PDF Full Text Request
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