Research On Agricultural Science And Technology Enterprise Venture Capital Risk Management

Along with the rapid development of our country agriculture science and technologyenterprise, The key of china gradually towards the agricultural power is to realize theagricultural science and technology, armed with high-tech agriculture, and realize thetransformation of high-tech achievements in agriculture. At present, our country agriculturescience and technology and industrialization process accelerating, especially under thebackground of the national support policy, the venture investment in agricultural scienceand technology enterprises gradually develop and grow up. Agricultural science andtechnology enterprise venture investment is the venture capital investment and financing ofthis new tool is applied to the field of agricultural high technology enterprise, usually in theform of equity capital or quasi equity capital inject capital to agricultural high and newtechnology enterprise, hoping that through the rapid development of the invested enterpriseto drive its investment value, and at the right time to cash out. Agricultural high-techventure investment is a high and new technology applied in an effective way in thedevelopment of agriculture, it is the mainstream of agricultural development to become theworld most countries and regions. However due to the agricultural production activity tothe particularity of natural reproduction and economic reproduction interweave, lead to thecomplexity of enterprise investment in agricultural science and technology and volatility islarger, coupled with high and new technology to the factors of uncertainty and informationasymmetry, make agricultural science and technology enterprises of venture investmentrisk is bigger, venture investment success rate is low, usually only10%-20%, strengthenagricultural science and technology enterprise venture investment risk managementresearch is necessary.Based on agricultural science and technology enterprise as the main body, occurs inthe process of venture investment in agricultural science and technology enterprise risk asthe object, by adopting the combination of theory and empirical methods, to theagricultural science and technology enterprises in the process of venture investmentanalysis system the risk, thus for different risk factors, combined with the specificconditions of different risk management measures, to guarantee the healthy and orderlydevelopment of agricultural science and technology enterprises.This paper is divided into six main parts:The first chapter is the introduction section. According to this article’s researchbackground and significance, combing related research status at home and abroad isanalyzed, based on the research background, research significance and technical route,simple sums up the research of the innovation points and deficiencies. The second chapter defines the basic concepts involved in this paper and the researchof relevant theoretical basis. First introduces the related concepts of agricultural scienceand technology venture investment risk management, then analyzes the venture investmentand risk management of related theory, for the analysis of agricultural science andtechnology enterprise which lay a theoretical foundation for venture investment riskmanagement content.The third chapter of the current situation of agricultural science and technologyenterprises in our country venture capital risk, mainly the current situation of agriculturalscience and technology enterprises make use of venture capital in China and theagricultural science and technology enterprise venture investment environment two aspectsof risk present situation is analyzed.The fourth chapter constructs the agricultural science and technology ventureinvestment risk management system. First outlines the definition of agricultural scienceand technology venture investment risk management, and then concrete from riskidentification, risk measurement and risk control from three aspects has carried on thesystem construction.The fourth chapter introduce the content of the venture investment risk managementin agricultural science and technology enterprises. First summarizes the definition ofagricultural science and technology venture investment risk management, and thenconcrete from risk identification, risk measurement and risk control from three aspects hascarried on the concrete analysis.The fifth chapter is the empirical part. One agricultural science and technologyenterprise in shandong as an example, draw lessons from the ideas of forefathers’ research,through all aspects of data, using the AHP method to case the main risks faced by firms tocarry on the analysis, draw the influence degree of various risk factors on the enterprise, soas to make reasonable of agricultural science and technology enterprise venture investmentrisk analysis and management of science.Chapter six is the conclusion. Put forward the perfect our country agriculture scienceand technology enterprise venture investment risk management advice, and made aprospect for its later development.