Venture Capital firm plays an important role in Venture Capital,different organizational form of Venture Capital firm will lead to different operational efficiency. research on organization form of venture capital firm is a significant research for developing Venture Capital. This 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 researching the situation of our country, the thesis makes on organizational form of China Venture Capital firm 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, research approach. Chapter 2:research on different organizational form of Venture Capital firm In the world .Based on the related theories of institutional economics and information economics, we research on the different organizational form of Venture Capital Corporation. According to the criterion of law, organizational form of Venture Capital firm will be divided into two types: corporation and limited Partnership. Because corporate venture capital firm has special characteristic and has special research significance, so, in this paper , we will draw from corporation and talk about it separately. In this chapter, we have researched the emergence background of different type Venture Capital firm ,this include corporation and limited Partnership and subsidiary company .further more ,we also researched their characteristic of institutional. at the last of this chapeter ,we study the applicability of different organizational form of Venture Capital firm. Chapter3: This Chapter , we research the real circumstances of Venture Capital firm in China. Based on the research on venture capital evolution course of our country .we fund some characteristic of the venture capital firm of China, this include :the number of Venture Capital firm increasing rapidly,the source of venture capital become diversiform, venture capital grow fast. In the following , we studied the organizational form of Venture Capital firm in China. We fund that corporation is the main organizational form of venture capital firm in our country and almost has no other type organizational form. Then we study the reason about the question of why organizational form of venture capital firm is simple. We fund that the economic level and the law both influence the choice of organizational form of Venture Capital firm in our country. At the last of this Chapter, we studied the shortcoming of organizational form of Venture Capital firm in China. we found some inclusion. In our country,operational efficiency of Venture Capital firms are low. The taxation of Venture Capital firms account for more than 10% of the Venture Capital firm's income. Using the organizational form of Corporation. Venture capital firm's decision-making efficiency very low and the decision-making process is long. These shortcomings influence the operating efficiency deeply. Chapter 4: Research on the evaluate of the organization form of venture capital firm. Under the appraise principles of the science,feasibility , objectivity and comparable,We have fixed the evaluation indexs of organizational form of venture capital firm. the evaluation indexs include Operation cost and Agent's cost. the Operation cost includes Expenses of taxation and administration.。The Agent's cost include Morals risk cost and Supervise cost. By using Relevant knowledge of economics and information economics, we analysis of the cost of Agent's cost. In this analysis, We have set up agent's cost model, and we draw the conclusion that limited partnership is the best organizational form. In order to make the conclusion of the model convincingness even more, We adopt the Method of expert give a mark law carry on comprehensive appraisal to different organizational form of venture capital firm. It has verified the preceding conclusion. Based on the conclusion and the real circumstance of our country, we propose the feasible choice of the organizational form of the present venture capital firm of our country. In...
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