国资创投治理结构与投资模式匹配研究——基于功能定位和行为特征视角

发布时间：2018-04-18 15:50

本文选题：国资创投 + 功能定位　；参考：《中国科技论坛》2017年10期

【摘要】：国资介入创投行业不同于一般的社会投资人,兼具功能性和营利性的目标定位。不同治理结构的国资创投对投资行为和能力培养具有不同影响。本文将国资创投的投资模式分为三类:固定回报模式、LP-GP间接投资模式、直接风险投资模式。构建了国资创投治理结构和投资模式的匹配模型,并运用问卷调研的方式对国资创投机构的投资能力进行全面分析,对国资创投治理结构、投资模式与目标实现的关系进行了实证研究。在此基础上,对不同治理结构国资创投机构的投资模式选择提出了建议。
[Abstract]:State-owned capital intervention in venture capital industry is different from the general social investors, both functional and profitable target positioning.The different governance structure of state capital venture capital has different influence on investment behavior and ability cultivation.In this paper, the investment patterns of state-owned venture capital are divided into three categories: fixed return model, LP-GP indirect investment model and direct venture investment model.The matching model of the governance structure and investment mode of the state capital venture capital is constructed, and the investment ability of the state capital venture capital institution is comprehensively analyzed by means of questionnaire investigation, and the governance structure of the state capital venture capital is analyzed.The relationship between investment model and goal realization is studied empirically.On the basis of this, the paper puts forward some suggestions on the choice of investment mode of state capital venture capital institution with different governance structure.
【作者单位】：同济大学经济与管理学院;
【基金】：上海市浦东新区科技基金决策咨询课题“浦东新区创业风险投资发展现状及绩效评价研究”(2015—08)
【分类号】：F279.2;F812.45;F832.48

【相似文献】