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The Design Of Performance Evaluation Scheme Of Government Venture Capital Guiding Fund Based On Fuzzy Evaluation Method

Posted on:2020-08-13Degree:MasterType:Thesis
Country:ChinaCandidate:J H DongFull Text:PDF
GTID:2436330578981782Subject:Finance
Abstract/Summary:PDF Full Text Request
The government venture capital guiding fund is a policy fund initiated by the government with the purpose of non-profit and marketable operation.It aims to attract capital from all walks of life through the government's guiding role,cooperate with venture capital institutions to jointly invest in innovation and entrepreneurship fields,accelerate the development of local economy through effective policy guidance,and promote the development of high-tech and other industries.At present,China has stepped into the rapid development of government venture capital fund,and the size and number of venture capital fund have increased rapidly.In order to give full play to the government's guiding role and follow the national policy guidance,it is necessary to standardize the government's venture capital fund and establish a scientific and reasonable supervision,management and evaluation program.Based on the method of establishing venture capital fund performance indicators and building principle as the foundation,with reference to the research achievements of some scholars at home and abroad,combined with the actual situation of our government venture capital fund,aimed to design a set of scientific and reasonable government performance evaluation of venture capital fund,use the Guizhou guiding fund of venture capital for the empirical case,and put forward beneficial suggestions on the development of venture capital fund to the government.The main content is as follows: firstly,based on the background of venture capital and domestic and foreign literature,this paper makes a brief comment on the development of government venture capital guiding fund and summarizes the central content of this paper.Secondly,this paper briefly expounds the relevant concepts of guiding fund,including its definition,development status,social utility,specific investment mode and existing risks.Thirdly,the paper respectively summarizes the successful performance evaluation of domestic and foreign guiding funds,and draws the core inspiration to lay a foundation for the construction of the performance evaluation system.Fourthly,under the enlightenment of performance evaluation,this paper further studies the three methods of performance analysis,macroscopic research method,invested enterprise analysis method and five index selection principles in a certain way.The first-level indicators were constructed,and the indicators were extended to the second and third levels,and then the better indicators were selected through comparative analysis and left as members of the indicator system.According to the construction of further optimization index of the policy guidance effect of the government venture capital guiding fund,the optimization is carried out from the following four aspects: industrial guidance effect index,benefit index,value index and risk control effect index.Fifth,the performance evaluation scheme design of government venture capital guiding fund based on fuzzy evaluation method;This part is the empirical analysis part,the government venture capital guidance fund performance evaluation related indicators to determine the weight and valuation.Sixth,according to the designed performance evaluation program,obtain relevant data from the website of the venture capital guiding fund center affiliated to the development and reform commission of Guizhou province,conduct performance evaluation on the Guizhou guiding fund of venture capital,and compare the evaluation score with other provinces.Seventh,program results and policy recommendations: this part mainly summarizes the effectiveness of the program results of this study,according to the performance evaluation indicators,put forward corresponding policy recommendations to enhance the level of performance evaluation,and make a summary of the shortcomings of this study,and put forward the prospect of future research in this field.This article research results: by guiding fund performance evaluation of construction methods and construction principles,and the analytic hierarchy process to design a set of relatively complete performance evaluation system of venture capital fund,including the four first-level indicators,ten secondary indexes,twenty-two three-level index,combined with the fuzzy comprehensive evaluation method to guide the fund performance evaluation in our country.Design a set of more scientific and reasonable venture capital guidance fund performance evaluation program.By analyzing the case of Guizhou guiding fund of venture capital,the performance evaluation score is obtained,and the overall reflection shows that Guizhou guiding fund of venture capital has good performance in industrial guidance effect index and value index,and the performance of benefit index and risk control effect index needs to be further improved.
Keywords/Search Tags:Venture Capital Guiding Fund, Performance Evaluation, Index System, Fuzzy Evaluation, Case Analysis
PDF Full Text Request
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