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Research On Evaluation Of Venture Projects Selection In Growth Period Based On G-IFAHP

Posted on:2020-10-13Degree:MasterType:Thesis
Country:ChinaCandidate:J C PanFull Text:PDF
GTID:2439330590987940Subject:Finance
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Venture capital has become the driving force and booster of the development of high-tech enterprises.Since the 1980 s,China's venture capital has made tremendous progress.Especially in recent years,under the background of deepening financial reform and adjusting economic structure,the environment and mechanism of capital market have been constantly improved,and venture capital has blowout development.The purpose of venture capital investment is to make profits.How to choose a promising investment project is the most important issue.Therefore,the project selection evaluation of venture capital has become an important research direction in the field of venture capital.In this paper,a new selection evaluation method is introduced to construct a set of selection and evaluation scheme which is in line with the actual situation of China's growing venture capital projects.This paper first reviews the domestic and foreign literatures on the selection and evaluation of venture capital projects,and Introduce the relevant theoretical knowledge of venture capital,including the definition,characteristics,operation process,life cycle theory and risk preference theory of venture capital.Secondly,according to the literature,the research contents and research objects are put forward.Based on the current situation of venture capital market in China and the experience of relevant research literature,six factors are determined on the basis of detailed analysis of the characteristics of growing-up projects,23 subordinate indicators are selected,and a relatively complete index system is constructed.;again,use intuitionistic fuzzy analytic hierarchy process to establish system weights,and use gray poly The class methodis comprehensively evaluated,and the actual meaning test of the program is carried out by introducing actual cases in the internship.Finally,at the end of the article,I put forward the prospects for future research.This paper constructs a selection and evaluation scheme which conforms to the characteristics of China's growing venture capital projects by using the grey intuitionistic fuzzy analytic hierarchy process.The project starts with six important factors: market,management,technical products,finance,capital and environment,and builds a project index system that extends 23 secondary indicators under six major factors,and uses gray clustering method for comprehensive evaluation.Then the proposed investment cases in practice are evaluated with the constructed scheme,and the comprehensive evaluation value is 7.201,which is between excellent and good.It belongs to the project with better investment prospects and is more in line with actual expectations.
Keywords/Search Tags:venture capital, intuitionistic fuzzy analytic hierarchy process, grey fuzzy comprehensive evaluation method, project selection evaluation, growing period
PDF Full Text Request
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