创业投资中尽职调查部分的研究

发布时间：2018-04-27 20:28

  本文选题：创业投资 + 尽职调查　； 参考：《福州大学》2014年硕士论文

【摘要】：20世纪六七十年代,一些愿意以高风险换取高回报的投资人发明了与以往抵押贷款有本质上的不同的投资方式即创业投资。近几十年来,创业投资这种投资方式发展的非常迅速,创业投资的预期目的是获取高额收益。尽职调查是指创业投资公司对项目进行筛选评估所进行的一系列活动,可以提供创业投资中重要信息,有效降低信息不对称性带来的风险,为创业投资家的正确判断和科学行为决策提供确切而充足的现实依据。本文首先对创业投资和尽职调查的概念框架等进行界定,简要评述创业投资发展及尽职调查的相关研究,总结出我国创业投资业发展的基本现状和面临的问题,以及尽职调查的研究内容等。然后在尽职调查的相关内容研究的基础上,对创业投资中尽职调查的基本原则、策略等进行简要分析。接着从理论方面论述了创业投资中尽职调查的必要性,并从企业管理和评估的理论(即SWOT、PEST、波特五力模型、平衡计分卡四大理论模型)；改善信息不对称；考虑创业投资的退出途径(公开上市、收购、回购、破产清算)这三个方面对创业投资中尽职调查的要点进行了详细论述。最后根据前文理论进行案例分析,对H公司的创业投资尽职调查部分逐步逐项分析,将理论研究与实际案例相结合,希望能够起到一定的借鉴作用。
[Abstract]:In the 1960s and 1970s, some investors willing to exchange high risk for high returns invented a fundamentally different form of investment from previous mortgages: venture capital. In recent decades, venture capital is developing very quickly, and the expected goal of venture capital is to obtain high profit. Due diligence refers to a series of activities carried out by venture capital companies to screen and evaluate projects, which can provide important information in venture capital investment and effectively reduce the risk of information asymmetry. It provides an accurate and sufficient practical basis for the correct judgment and scientific behavior decision of venture capitalists. This paper firstly defines the conceptual framework of venture capital and due diligence, briefly reviews the development of venture capital and related research of due diligence, summarizes the basic status quo and problems facing the development of venture capital industry in China. And the research content of due diligence. Based on the research of due diligence, the basic principles and strategies of due diligence in venture capital are analyzed briefly. Then it discusses the necessity of due diligence in venture capital from the theory of enterprise management and evaluation (i.e. SWOTT-PEST, Porter's five-force model, balanced scorecard) four theoretical models, improve information asymmetry; Considering the exit ways of venture capital (public listing, acquisition, repurchase, bankruptcy liquidation), the key points of due diligence in venture capital are discussed in detail. Finally, according to the previous theory of case analysis, the H company's venture capital due diligence part step by step analysis, combining the theoretical research with practical cases, hoping to play a certain reference role.
【学位授予单位】：福州大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F279.2;F832.48
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本文编号：1812197