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Study On Incentive Mechanism Of Venture Capital Company

Posted on:2005-08-02Degree:MasterType:Thesis
Country:ChinaCandidate:Y H TaoFull Text:PDF
GTID:2206360122496017Subject:Labor economics
Abstract/Summary:PDF Full Text Request
Venture capital is an important level to develop high-tech industry and bring up SMEs. In the U.S., venture capital has became a significant driving force of its national economy and been named the Engine of Economic Growth. Since 1996, China venture capital has moved forward, however, its development is still far behind the development of high-tech industry and private economy. So, it is urgent to step up the development of China venture capital industry.Impelling-binding mechanism is the micro foundation of venture capital operation. At present, domestic venture capital firms all lack effective impelling-binding mechanism, so their investment operating level is very low, which has restrained the development of China venture capital industry. The Impelling-binding mechanism of limited partnership venture capital funding is regarded as of very high efficiency, so domestic venture capital firms can borrow from it.This paper firstly analyzes the traits of impelling-binding mechanism of venture capital funding, then analyzes the efficiency of impelling-binding mechanism of limited partnership venture capital funding and the efficiency of impelling-binding mechanism of domestic venture capital firms respectively, and eventually brings forward several pieces of suggestion for domestic venture capital firms on borrowing from impelling-binding mechanism of limited partnership venture capital funding.
Keywords/Search Tags:venture capital, limited partnership, impelling-binding mechanism, borrow
PDF Full Text Request
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