The Status And Decision-making Research Of Agricultural High-tech Enterprises Venture Capital

Agriculture is china’s basic industry and the survival basis of human, the "three rural "issue tops china’s development agenda. With the transformation of china’s agriculture from the traditional agriculture to modern agriculture, the role of china’s agricultural high-tech is increasingly improtant.But china’s high-tech not only has high investment、high risk, but also has the feature of agriculture itself, this is determined by natural attributes of agricuture.The financing difficulties and the lack of funds of agricultural high-tech enterprises hampered the development of agricultural high-tech enterprises. The injection of venture capital has solved the financing difficulties of agricultural high-tech enterprises.The status of china’s agricultural high-tech enterprises are:firstly,the size of the agricultural projects in venture cappital,has increased year after year, the amount of investment is also increasing; the founding sources which invested in high-tech agricultural enterprise projects deversified;the field of application of the agricultural high-tech results became more and more widely, the investment projects diversified, including bio-breeding. processing of agricultural products, agricultural machinery,constraction of water conservancy,pesticides,fertilizers and other projects. The exit manner of the agricultural venture capital is equity transfer.In the process of the integration between venture capital and agriculture, the impact of natural conditions influenced agriculture badly, this makes the instability of agricultural projects, investment income uncertainty, so, the risk of investment in agriculture is very large. When it comes to institutions, the risk of investment in agriculture high-tech enterprises is very large, and faced many uncertainties, so, institutions must accurately predict the investment risk, and find a scientific and rational Venture Capital decision-making methods to minimize the investment risk. The accuracy of the decision-making or not directly affect the success or failure of the investment. Therefore, this paper investigates the decision-making methods of the high-tech agricultural enterprise Venture Capital, from the view of main body of the Venture Capital via the venture capital investment in the status quo for agricultural risk characteristics of investment projects with high-tech agricultural enterprise risk, basis Venture Capital decision-making theory, related to agriculture through a lot of reading at home and abroad high-tech enterprise Venture Capital decision-making literature to explore the high-tech agricultural enterprise Venture Capital decision-making methods. First develop the evaluation system of the agricultural high-tech enterprise Venture Capital decisions, this paper established a four-level indicators and16secondary indicators, four-level indicators including technology, market, management and liquidity through a lot of research and field studies, combined with expert opinion, then use the Analytic Hierarchy Process(AHP) to determine weights, distinguish the size of the risk of the project according to the weight of the size, then make decisions. Finally, verifying the feasibility of this method.,By the empirical analysis.