Research On Decision-making Systems And Methods In Venture Capital Investment

The first Session of the Ninth CPPCC started an undertaking "No. 1st" project about Venture Capital development in March 1998. From then on, Chinese v. c business developed in a high speed with the help of the government. V. c play a more and more important role in the high-tech industry devolopment.However, there are still many problems in Chinese v. c business. One of them is that the investors are mainly government organs. So in decision-making process they act more after administrative orders, which is opposite to the essence of the financial enterprise purpose.The dissertation consists of the following researches: First, the thesis makes a detail outline of v. c intension definition, characters, functions and actual situation in China. Second, the paper summaries the existing theories and practices of decision-making. Third , the dissertation designs a feasible evaluation decision process diagram by means of the general analysis on evaluation decision process of v. c project. We expect that it'll be a perfect system for the efficient evaluation and the correct decision of an investment project. Fifth, the paper sets up an index system model of v. c project evaluation which fits to our country. On the ground of above model, the thesis takes each significant index into consideration in detail and accompanies the qualitative analysis with the quantitative analysis. At last, the article studies specially on the project value evaluation during the process of v. c evaluation.