The Study Of Investment Risk Management About JVC Company

Venture capital(VC) mean the investor offers long-term equity investment to a new developing enterprise , and participates in the enterprise management, undertakes the risk of the enterprise altogether, realizes the high appreciation capital income through stock right transfer at last. VC industry originated from U.S.A. in the 40s of the 20th century, and introduced to China after the 80s. More attention is paid to the risk management by the enterprise today. The main theme of risk management of the enterprise mainly includes: distinguishing and confirming, assessing and controlling the risk and etc. The risk of VC means that when the VC being put into a project, the possibility of capital lost and prospective earning failure due to the external environment uncertainty, the difficulty and complexity of investment project itself, the limited ability of entrepreneur and investor' s native of the strength. Management and evading to investment risk is the important content the operation course of VC.We take JVC company as analyzing carriers, according to the main course of venture capital operation, we discuss and study the characteristic of risk, assessment, determine and control measure in every corresponding stage. Expecting to make out a good reference in risk management to the VC company, this text divides into 6 parts: The first part is preface, introduce purpose and analyzing carriers briefly; The second part is the basic theory, introducing the VC concept andbriefly; The second part is the basic theory, introducing the VC concept and development history, enterprise risk management theory and risk content of VC. The third part is screening stage of project investment, mainly recognizing, assessment and defining the project risk. In the fourth part, round the operation course of VC, we launch overall analysis and discuss to the risk of VC. Three major stages are divided in this part. Firstly, the arrangement stage for investment, we analyze and probe the measure to evade and weaken risk through the proper investment way and stock right. Secondly, management of investment stage, is mainly about the method of VC enterprise manage and supervise ,we discuss the consign agent relationship between the VC company and investment receive company. The last, is the capital recede stage, mainly discuss the form and channel and the latency risk. In the five part, we select and analysis a really example. In the six part, we summarize the advantage and disadvantage of risk management in the JVC company, and then, we expound some advise for improvement.