Research On Contract Of Venture Capital In National Defense Science And Technology Achievements Transformation

Venture capital of national defense science and technology achievement transformation is a new pattern of financing system. Under the socialist market economy condition, how to changes the traditional financing way, set up a contractual mechanism in venture capital of national defense science and technology achievement transformation, develop the national defense science and technology industry of our country in a healthy way, is significant.This thesis attempts to work out an panorama of contractual mechanism in venture capital of national defense science and technology achievement transformation. Venture capital of national defense science and technology achievement transformation is a new pattern of financing system. There are complicate conflicts and several kinds of asymmetric information between investors and entrepreneurs. This study models control rights as a continuous variable and establishes a model about the best allocation on control rights of venture capital backed defense company and deduces allocation result by the best game scheme between venture capitalist and entrepreneur.According to the venture capital and national defense science and technology industry system of our country, this paper analyze the obstacle of the development of our venture capital of national defense science and technology achievement transformation , and make suggestion to the contract design of the venture enterprise of our country and the system arrangement of structure for the venture capital.