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The Research Of Financial Monitoring And Controlling For Keeping Away Venture Enterprise's Agent Risk

Posted on:2007-06-18Degree:MasterType:Thesis
Country:ChinaCandidate:H L YangFull Text:PDF
GTID:2179360182486659Subject:Management Science and Engineering
Abstract/Summary:PDF Full Text Request
At high and new-technology quickly changed 21 century, venture capital industry play very important role in adjusting economic structure, accelerating high-tech industrialization etc. Whereas, due to venture capital field high risks high invest characteristic in itself, then adds risk enterprise running through unscientific management, irregular finances asymmetrical information etc, this all cause to more serious agent risk of its capital investment. In China, as a developing country, It is more obviously impendency to effective advance venture capital success ratio.Through the special connection on financial capital of investing and financing both parties, the paper aimed expert financial monitoring and controlling research at agent problem in venture capital. Specifically, first it discussed selected study's background and meaning, and analyzed correlative research of venture capital at home and abroad. Next, based on investment basic theory knowledge, the paper expounded our country's the actual state and analyzed the supervising relations to venture enterprise agent. Again through subject cases research, made clear the deficiency of financial management and the faintish effect of inspecting manner, Hereby, the paper constructed agent financial monitoring model to carry on analyzing optimizing watching aim for keeping away risk. It put forward dynamic adjusting financial leading management model. Finally, one side the paper reconfigured financial basic system for supervising venture enterprise. This stressed to discuss financial stratagem, jurisdictional assignment, organizing amalgamation respectively aspect. On the other hand, the paper specific expatiated on carrying financial monitoring methods into execution in agent process. Therein, according to the system's function and efficiency need, It introduced Analytic Hierarchy Process model and Fuzzy Comprehensive Assessment into correcting the deviation from financial development, also designed independent financial information monitoring system to increase efficiency, At the same time, the paper improving apply financial EVA mode to check agent performance, Further more, with which tightened agent supervising management intensity, Thus under financial monitoring & controlling pattern it formed a suit of science incentive and constraint mechanism, and effectively settled Principal-agent both sides' benefit problem in venture capital, which should be provided with some extent innovation.
Keywords/Search Tags:Agent Risk, Financial Monitoring& Controlling, Fuzzy Comprehensive Assessment, Incentive and Discipline Mechanism
PDF Full Text Request
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