鄂西圈旅游产业风险投资机制研究

发布时间：2018-03-13 12:46

本文选题：风险投资　切入点：旅游产业　出处：《中南民族大学》2014年硕士论文　论文类型：学位论文

【摘要】：近年来，我国旅游产业发展迅猛，并且已逐步成为拉动地方经济增长的支柱型产业。随着旅游产业自身规模的不断扩大，自然需要一种特殊的金融工具与之发展速度相匹配。风险投资这种集技术、管理与资本运作于一体具有高收益高风险的创新金融工具不失为旅游产业投融资的一种有效手段。在我省自2008年建立“鄂西生态文化旅游圈”（简称鄂西圈）这个重要战略支点后，鄂西圈的旅游产业发展态势一直向好，但面临国内旅游市场的资金压力、环境等因素，基础设施建设和高新科技应用的投资具有更高的风险。那么鄂西圈旅游产业的发展有了风险投资这种特殊投资方式的加持必定会更加顺应当前整合资源择优开发的新局面。风险投资这种特殊的投资方式正逐渐被旅游产业所适应，因此，本文尝试从风险投资理论分析着手，运用定性分析、定量分析、文献调查、归纳研究、田野调查、比较研究等方法，去探讨地域特殊坐拥丰富的自然、生态、民族文化这些旅游资源的鄂西圈，怎样建立旅游产业风险投资运行机制的一些具体办法，希望对旅游风险投资企业提供有益的决策参考。本文首先通过对比风险投资的定义及其他投融资机制，对风险投资及其运行机制的一般理论进行了系统阐述，表明了风险投资是一种集投融资、管理和资本运作于一体的系统性金融工程；接着进入重点问题的探讨，提出了旅游产业风险投资运行机制的理论结构，其内容是通过风险资本的筹集机制、组织机制、分担机制、监管机制以及退出机制这几个环节所涉及的经济活动有机结合起来的，这一套良性循环机制是风险资本进入企业直至最终退出企业并且实现资本增值的基本保证。随后为了引入鄂西圈旅游产业风险投资的论题，先后介绍了鄂西圈富饶的的旅游资源和旅游产业的发展概况，，鄂西圈正在逐步接受旅游产业风险投资这种特殊的投融资手段，政府、上市公司开始注重对旅游项目开发的投融资，一些民间风险投资企业也己在该地区落户；因此，研究鄂西圈旅游产业风险投资的运行机制显得十分必要。最后笔者提出建立鄂西圈旅游产业风险投资运行机制的主要路径：建议旅游产业风险投资，应建立一个集政府、上市公司、民营企业和海外资金这些多元化主体投资的风险资本来源体系，并在鄂西圈旅游产业内扩大投资领的开发利用;积极转变政府职能，强化政府的引导、监督，特别是在投资责任追究中的作用;提倡产权交易的开展，伴随政策引导和法制建设，股份转让有望成为旅游风险资本退出的主要方式。
[Abstract]:In recent years, China's tourism industry has developed rapidly, and has gradually become the pillar industry to stimulate local economic growth. Naturally, a special financial instrument is needed to match the speed of its development. The innovative financial instrument with high profit and high risk is an effective means of investment and financing of tourism industry. Since 2008, the Eco-cultural Tourism Circle of Western Hubei Province has been established in our province. After the important strategic fulcrum, The tourism industry in the western Hubei circle has been developing well, but it is facing financial pressure and environmental factors in the domestic tourism market. The investment of infrastructure construction and high-tech application has higher risk, so the development of tourism industry in the west of Hubei Province has a special investment mode of venture capital, which will be more in line with the new situation of resource selection and development. The special investment mode of venture capital is gradually adapted to the tourism industry. Therefore, this paper tries to start with the theory of venture capital, using qualitative analysis, quantitative analysis, literature investigation, inductive research, field investigation, and so on. Through comparative research and other methods, we will explore some specific methods for establishing the operational mechanism of venture capital in the tourism industry by discussing the geographical special and rich natural, ecological, and ethnic cultural tourism resources in the western Hubei circle, and how to set up the operating mechanism of the venture capital of the tourism industry. The author hopes to provide a useful reference for tourism venture capital enterprises. Firstly, by comparing the definition of venture capital and other investment and financing mechanisms, this paper systematically expounds the general theory of venture capital and its operation mechanism, and shows that venture capital is a kind of set of investment and financing. The systematic financial engineering, which integrates management and capital operation, then discusses the key issues and puts forward the theoretical structure of the operating mechanism of venture capital in the tourism industry, the content of which is through the mechanism of raising venture capital and organizing mechanism. The economic activities involved in the sharing mechanism, the regulatory mechanism and the withdrawal mechanism are organically combined. This benign cycle mechanism is the basic guarantee for venture capital to enter the enterprise and finally withdraw from the enterprise and realize the capital appreciation. Subsequently, in order to introduce the topic of venture capital of tourism industry in western Hubei circle, The rich tourism resources and the development of the tourism industry in the western Hubei circle have been introduced successively. The western Hubei circle is gradually accepting the tourism industry venture capital as a special means of investment and financing. The government, Listed companies have begun to focus on investment and financing for tourism development, and some private venture capital enterprises have also settled in the region; therefore, It is very necessary to study the operating mechanism of tourism industry venture capital in western Hubei circle. Finally, the author puts forward the main path of establishing the operating mechanism of tourism industry venture capital in western Hubei circle: it is suggested that the tourism industry risk investment should establish a centralized government. Listed companies, private enterprises and overseas funds are the source system of venture capital for diversified investment, and expand the development and utilization of investment leaders in the tourism industry of western Hubei, actively change the functions of the government, strengthen the guidance and supervision of the government, Especially the role in the investigation of investment liability, advocating the development of property rights transactions, with the policy guidance and legal construction, the transfer of shares is expected to become the main way to withdraw tourism venture capital.
【学位授予单位】：中南民族大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F592.7

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