互联网众筹模式和风险管理

发布时间：2018-04-14 16:02

本文选题：互联网众筹 + 债权式众筹　；参考：《浙江大学》2017年硕士论文

【摘要】：近年来,互联网众筹成为国内外金融界学者关注的热点,也逐渐进入到公众视野并受到很大青睐。互联网众筹从2011年进入中国至今,众筹平台发展较为迅速,已经涌现了一批互联网众筹的优秀平台和项目。这些平台在借鉴国外运作流程的同时也结合国内众筹融资的具体情况,为融资者和投资者之间的资源配置提供更加方便快捷且高效的手段。初创企业通过互联网众筹取得启动资金以便迎来发展机会,投资者的闲置资金也能得到充分利用。互联网众筹打破了传统的融资渠道限制,提高了投融资效率,大大有利于资本市场的发展。本文通过研究互联网众筹平台的兴起、发展现状、种类、特点和模式,运用具体数据全方面地介绍互联网众筹。然后结合具体案例对债权式和股权式众筹的运营模式和风险展开深入分析,讨论风险的类型及形成的原因等,然后结合实际谈论互联网众筹平台对其所面临的风险进行有效管理的手段,探索更为合理的风险管理模式。本文还阐述了互联网众筹对中小初创企业融资难问题的积极意义,由于中小企业发展具有很多不确定性,可能隐含较大风险,因此不具备获得银行贷款的资质,其发展遭到了较大的阻碍。正是互联网众筹的出现缓解了这一问题,通过众筹平台,审核通过的中小企业可以融到发展所需资金,为自身的发展提供强有力的资金支持,也对国家整体经济的稳定运行起到了良好的促进作用。本文最后针对互联网众筹发展的问题提出具体的防范对策与监管建议:(1)建立多部门协同监管体系;(2)严格规范市场准入条件;(3)完善信息披露机制;(4)完善市场退出机制;(5)加强行业自律。
[Abstract]:In recent years, Internet crowdfunding has become the focus of attention of domestic and foreign financial scholars, and has gradually entered the public view and received a great deal of favor.Since Internet crowdfunding entered China in 2011, crowdfunding platform has developed rapidly, and a number of excellent platforms and projects of Internet crowdfunding have emerged.These platforms not only draw lessons from the operation process of foreign countries but also combine the specific situation of domestic crowdfunding to provide a more convenient and efficient means for the allocation of resources between the financiers and investors.Startups use Internet crowdfunding to raise start-up capital to allow for development opportunities, and investors' spare money can be used to the best of their ability.Internet crowdfunding breaks the traditional financing channel restriction, improves the investment and financing efficiency, and greatly benefits the development of the capital market.This paper introduces the Internet crowdfunding by studying the rise of Internet crowdfunding platform, development status, types, characteristics and models, and using specific data to introduce Internet crowdfunding in all aspects.Then combined with specific cases, the operation mode and risk of creditor's rights and equity crowdfunding are analyzed in depth, and the types of risks and the reasons for their formation are discussed.Then it discusses the effective management of the risks faced by the Internet crowdfunding platform and explores a more reasonable risk management model.This paper also expounds the positive significance of Internet crowdfunding to the financing difficulties of small and medium-sized start-up enterprises. Because of the uncertainty in the development of small and medium-sized enterprises, there may be greater risks, so they do not possess the qualification to obtain bank loans.Its development has been greatly hindered.It is the emergence of Internet crowdfunding that alleviates this problem. Through the crowdfunding platform, the medium and small enterprises that have been approved can raise the funds needed for development and provide strong financial support for their own development.It has also played a good role in promoting the stable operation of the country's overall economy.Finally, this paper puts forward specific countermeasures and regulatory suggestions for the development of Internet crowdfunding. (1) establishing a multi-sector cooperative regulatory system, No. 2) strictly standardizing market access conditions and perfecting the information disclosure mechanism. 4) perfecting the market exit mechanism.Strengthen industry self-discipline.
【学位授予单位】：浙江大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F724.6;F832

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