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Research On High-tech Projects' Assessment Of Investment Risk Of China

Posted on:2012-10-07Degree:MasterType:Thesis
Country:ChinaCandidate:Y SongFull Text:PDF
GTID:2219330338470954Subject:Technical Economics and Management
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The 21st century is the era of knowledge, but also the era of science and technology. High-tech is becoming the main driver of the rapid development of our society's productivity for its strong momentum into the promotion. Face to the good development trend of high-tech, not only more and more enterprises pay more attention to it, but also many governments are also working hard to create a good social environment for high-tech development. A country's level of development of high-tech industry is not only a measure of its international competitiveness, one of the criteria, but also to some extent determines a country's position in the world economy, but also in order to develop the national economy must develop high-tech industry. Therefore, the development of today's high-tech industry should be highly concerned about every country in the world of things. But because of high complexity of the project itself, high-tech investment is vulnerable to be influenced by many subjective or objective factors, so there are many risks in the process of investment. Once the risk occurs in the investment process, project's development process will be affected, even leading to the stagnation, coming to naught. So, it is very important to come to scientific and effective risk assessment of high-tech investment. It can enable investors to have an intuitive understanding to investment risk, also can increase investor's awareness of management of risk, and enhance project organization's ability of coping with risk.To assess high-tech investment risk scientifically and effectively, first, studying the theory of investment risk high-tech projects; then in-depth analysis of the risks faced by high-tech project environment, to find out the high-tech investment has greater impact on the various risk factors; we can build on this basis for our current conditions of high-tech investment risk index system. Index system is a high investment risk assessment an important part of high-tech investment in China, however the current risk assessment index system, there are some problems to be solved, There are risk assessment of high-tech investment target selection do not have a uniform standard, China's high investment risk assessment index system is not strong, and the timeliness of high-tech investment in China should focus on risk assessment has been transferred.Meanwhile, the index system should follow certain principles, there is a comprehensive, importance, purpose and so on. The choice of assessment methods is crucial, not only to scientific and effective, it should be easy to operate. Case study is the high-tech investment essential part of risk assessment, through the demonstration that we can verify the index system of rationality, theory and practice must be combined effectively, so it makes sense to study the theory and practice of conduct also Support the theory. Through effective assessment of the risk of High-tech investment project to help business decision makers and investors comprehensive analysis of various risk factors of different projects, select less risky to invest in high-tech projects, to avoid risks and increase revenue purposes.This paper studies a lot of literature, a careful analysis of domestic and foreign high-tech investment on the status of risk assessment, and the view of many scholars put forward opinions and views.Then, the reference high-tech materials carefully studied the theory of investment risks, mainly related to the concept of high-tech and high-tech projects, the meaning of risk and venture of investment implications. And the depth of the high-tech features of the project and investment risk characteristics of high-tech projects, and proposed the identification of high-tech investment risk.Then, in a systematic analysis and research, pointed out that China's high-tech investment risk assessment index system of the problem. At the same time, combined with China's national conditions, to follow certain principles of the high-tech investment, constructing a risk assessment index system. Indicator system includes an innovative risk, environmental risk, management risk, technology risk, market risk, production risk and financial risk in seven risk factors, including innovation and risk, production risk and financial risk is high-tech investment in China in recent years, the more influence To the greater risk, so it should be taken into account.Finally, we should select the appropriate assessment methods and evaluation of examples to verify the index system established by this empirical analysis is correct. In the end of the article, the conclusions drawn in this paper are summarized, and also revealed the inadequacies of the article and the prospects for development prospects.
Keywords/Search Tags:high-tech projects, risk assessment, method of comprehensive fuzzy evaluation, empirical analysis
PDF Full Text Request
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