我国创业投融资渠道拓展研究

发布时间：2019-05-29 01:01

【摘要】：创业投资,又称风险投资,是促进新兴技术和新兴产业发展的重要手段。长期以来,我国创业投资存在资本结构单一、资本来源不够多元、投资主体结构不合理等问题。要成功实现创业投资资金的物化,需要借助创业投资机构的资金融通中介,并且依赖于资本市场的发展程度和法律保护水平。创业投融资渠道畅通和创业信息体系完善是确保创业投资资本顺利物化,以及企业家思想与技术及时商品化的有效保障。我国创业企业的投融资渠道主要源于银行系统和地下金融。这种状况极容易因银行信贷政策性收紧以及地下金融利率跳升,而导致资金链断裂。2011年上半年发生在温州的企业崩盘、企业主跑路和东莞企业恶性倒闭事件就是例证。拓展我国创业投融资渠道与发展创投产业的相关建议:积极引导社会资金参与创业投资,建立多元化的创业资本供给主体;加大对于创新企业的培养力度,建立新兴高科技企业孵化器,引导企业进入创业板融资;加强对投资专业人才的培养,营造适合创投人才成长的良好氛围;建立全国性的创业投资自律行业,实现自我监督、自我完善;处理好与投资人和投资增值力的关系等。
[Abstract]:Venture capital, also known as venture capital, is an important means to promote the development of emerging technologies and industries. For a long time, there are some problems in venture capital in China, such as single capital structure, insufficient capital sources, unreasonable investment subject structure and so on. In order to realize the materialization of venture capital successfully, it is necessary to rely on the financing intermediary of venture capital institutions, and depends on the development degree of capital market and the level of legal protection. The smooth channel of venture investment and financing and the perfection of entrepreneurial information system are the effective guarantees to ensure the smooth materialization of venture capital and the timely commercialization of entrepreneurial thought and technology. The investment and financing channels of entrepreneurial enterprises in China mainly come from the banking system and underground finance. This is highly vulnerable to a break in the capital chain as a result of tighter bank credit policies and a jump in underground financial interest rates. The collapse of companies in Wenzhou in the first half of 2011 was illustrated by the run-off of business owners and the vicious collapse of Dongguan companies. Suggestions on expanding the channels of venture capital investment and financing and developing venture capital industry in China: actively guide social funds to participate in venture capital and establish a diversified supply of venture capital; Strengthen the training of innovative enterprises, establish new high-tech business incubators, guide enterprises to enter the gem financing, strengthen the training of investment professionals, create a good atmosphere suitable for the growth of venture capital talents; Establish a national venture capital self-discipline industry, achieve self-supervision, self-improvement, deal with the relationship with investors and investment value-added power, and so on.
【作者单位】：重庆大学经济与工商管理学院;
【基金】：中央高校基本科研“研究生科技创新基金”(CDJXS11021118)
【分类号】：F832.48

【相似文献】