我国私募股权退出问题分析

发布时间：2018-01-13 23:01

本文关键词：我国私募股权退出问题分析　出处：《上海师范大学》2012年硕士论文　论文类型：学位论文

更多相关文章： 私募股权基金 退出方式 IPO 创业板

【摘要】：私募股权基金对我国中小企业的融资具有重要的促进作用。私募股权基金的运作环节包括资金筹集、项目选择和退出三大环节。其中对私募股权基金整体发展影响最大的就是退出环节。只有退出机制顺畅，才能保证私募股权基金可持续发展。而选择正确的退出方式又是顺利退出的第一步。由于我国私募股权基金发展相比国外私募股权基金发展起步晚，在退出环节还存在很多障碍和问题，从而制约了我国私募股权基金市场的发展。本文是基于私募股权基金退出相关理论和国内外现状以及结合典型案例，对私募股权基金退出问题进行分析。主要包括六个部分：第一章是导论，主要介绍选题背景和意义，以及国内外对私募股权投资退出的研究现状。第二章是私募股权基金及退出相关理论介绍，主要介绍了私募股权基金概念及投资流程，另外介绍了私募股权基金退出的五大方式，并进行了简单的比较。第三章首先分析了我国私募股权基金发展现状和退出现状，随后又提出我国私募股权基金退出中存在的主要问题。目前我国国内仍以IPO退出方式为主，并且国内IPO的比例逐步占据主导地位。第四章通过对美国、欧洲、日本、韩国和以色列私募股权基金退出现状，并得出对完善中国私募股权基金退出的建议。第五章结合蒙牛私募投资案例，分析了我国私募股权基金投资过程中应当注意的问题。第六章做了最后的总结，得出政府应该致力于建立宏观经济和制度环境，私募股权投资机构则应该在退出方式上不断创新。
[Abstract]:Private equity funds play an important role in promoting the financing of small and medium-sized enterprises in China. The operation of private equity funds includes raising funds. Project selection and withdrawal from the three major links. Among them, private equity fund overall development is the biggest impact on the exit link. Only the withdrawal mechanism is smooth. In order to ensure the sustainable development of private equity funds. And choosing the correct exit mode is the first step of the smooth exit. Because the development of private equity funds in China started later than foreign private equity funds. There are still many obstacles and problems in the exit link, which restricts the development of private equity fund market in China. This paper is based on the theory of private equity fund withdrawal and the current situation at home and abroad and combined with typical cases. This paper analyzes the withdrawal of private equity fund. It mainly includes six parts: the first chapter is the introduction, mainly introduces the background and significance of the topic. The second chapter is the introduction of private equity fund and exit theory, mainly introduces the concept and investment process of private equity fund. In addition, it introduces the five ways of private equity fund withdrawal, and makes a simple comparison. Chapter three first analyzes the current situation of private equity fund development and exit in China. Then it puts forward the main problems in the exit of private equity fund in our country. At present, IPO exit is still the main way in our country, and the proportion of domestic IPO gradually occupies the dominant position. Chapter 4th through the United States. Europe, Japan, South Korea and Israel private equity fund withdrawal status quo, and to improve the Chinese private equity fund exit recommendations. 5th chapter combined with Mengniu private equity investment case. This paper analyzes the problems that should be paid attention to in the process of private equity fund investment in China. Chapter 6th concludes that the government should devote itself to the establishment of macroeconomic and institutional environment. Private equity investment institutions should continue to innovate in the way they exit.
【学位授予单位】：上海师范大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.51

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