风险投资催化新能源产业研究

发布时间：2018-01-09 23:28

本文关键词：风险投资催化新能源产业研究　出处：《湖南大学》2012年硕士论文　论文类型：学位论文

【摘要】：走低碳发展之路,控制全球温室气体排放,减缓全球气候变暖步伐,是全球正面临的首要任务,是全球经济社会未来发展的必然趋势。然而,我国能源结构不合理,能源利用低效率,经济社会发展面临高碳锁定的现实。因而,我国迫切需要调整能源结构,加快新能源产业发展。新能源产业特性与风险投资特性具有天然的共轭特性。在这样的背景下,研究风险投资催化新能源产业的机理、测度风险投资对新能源产业的催化效应、挖掘风险投资催化新能源产业存在的核心问题,提出进一步推动风险投资催化新能源产业的政策建议,具有十分重要的意义。本文共包括五个部分,首先通过综合国内外有关风险投资与产业关系的研究成果,清晰地界定了新能源产业的内涵,提出风险投资催化产业的三大效应即“资金效应”“公司治理效应”“产业关联效应”,并以此为基础,结合新能源产业的特殊性,详细阐述了风险投资催化新能源产业的机理；其次,总结了我国新能源产业发展、风险投资催化新能源产业有关“资金效应”“公司治理效应”等三个方面的典型事实；再次,以风电产业发展为例,采用1995-2008年的有关数据,运用VAR模型实证分析了风险投资对新能源产业的催化效应,以及二者之间的相互关系,发现风险投资对风电产业具有明显的催化效应,且风险投资产业与风电产业具有互利共生的关系。最后,基于实证结果及风险投资催化新能源产业过程中的典型事实,从风险投资进入、参与管理、退出新能源产业的整个过程,提出改善风险投资进入新能源产业的环境,优化风险投资参与新能源企业管理,完善风险投资退出新能源产业的机制等政策建议,以进一步推动风险投资催化新能源产业
[Abstract]:The development of low-carbon road, control of global greenhouse gas emissions, slow down the pace of global warming, is the first task facing the world, is the inevitable trend of global economic and social development in the future. China's energy structure is unreasonable, energy utilization is low efficiency, economic and social development is facing the reality of high carbon lock, therefore, our country urgently needs to adjust the energy structure. Accelerating the development of new energy industry. The characteristics of new energy industry and venture capital have natural conjugate characteristics. Under this background, the mechanism of venture capital catalyzing new energy industry is studied. This paper measures the catalytic effect of venture capital on new energy industry, excavates the core problems of venture capital catalytic new energy industry, and puts forward some policy recommendations to further promote venture capital catalytic new energy industry. It is of great significance. This paper consists of five parts. Firstly, the connotation of new energy industry is clearly defined by synthesizing the domestic and foreign research results on the relationship between venture capital and industry. Three major effects of catalytic industry of venture capital, namely "capital effect", "corporate governance effect" and "industrial association effect", are put forward, based on which, the particularity of new energy industry is combined. The mechanism of venture capital catalyzing new energy industry is expounded in detail. Secondly, it summarizes the typical facts of the development of new energy industry in China and the three aspects of "capital effect" and "corporate governance effect" in the new energy industry catalyzed by venture capital. Thirdly, taking the development of wind power industry as an example, using the relevant data from 1995 to 2008, using the VAR model to empirically analyze the catalytic effect of venture capital on the new energy industry. And the relationship between the two, found that venture capital has obvious catalytic effect on wind power industry, and venture capital industry and wind power industry has a mutually beneficial symbiotic relationship. Finally. Based on the empirical results and the typical facts in the process of venture capital catalyzing the new energy industry, the whole process of entering, participating in management and withdrawing from the new energy industry from venture capital is introduced. Some policy suggestions are put forward, such as improving the environment for venture capital to enter new energy industry, optimizing venture capital participating in the management of new energy enterprise and perfecting the mechanism of venture capital withdrawing from new energy industry. Promoting Venture Capital to catalyze New Energy Industry
【学位授予单位】：湖南大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F426.2;F832.48

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