区域经济增长、地方政府激励对私募股权投资的影响：理论与实证研究

发布时间：2018-03-22 07:21

本文选题：私募股权投资　切入点：区域经济增长　出处：《合肥工业大学》2014年硕士论文　论文类型：学位论文

【摘要】：近年来，，私募股权投资在我国资本市场不断发展壮大，不论投资数量还是投资额都有了快速增长。私募股权投资能促进高新技术产业的成长和自主研发，解决被投资企业资金缺口、改善管理结构和经营模式，提高区域科学技术水平，推动地方经济发展。鉴于此，北京、上海、天津等重点城市陆续出台了一系列优惠政策，旨在吸引私募股权投资机构入驻，保障私募股权投资者的权益，促进本地私募股权投资快速发展。在此背景下，本文在论证说明区域经济增长和地方政府激励对私募股权投资的影响机制基础上，以我国私募股权投资为研究对象，实证检验了我国区域经济增长、地方政府激励对私募股权投资影响的基本特征。本文较系统地梳理了国内外有关私募股权投资研究的文献资料，在分析国外典型国家私募股权投资发展历程的基础上，阐明了国外私募股权投资发展对我国的经验启示。深刻分析了区域经济增长、地方政府激励对私募股权投资的作用机制，据此推演出有待检验的6个假设，并选取2003-2011年中国大陆30个省市的面板数据对这6个假设进行了实证检验。最后，结合理论和实证分析结论，提出了促进我们私募股权投资健康快速发展的政策建议。
[Abstract]:In recent years, private equity investment in China's capital market has continued to grow, both the amount of investment and investment has a rapid growth. Private equity investment can promote the growth of high-tech industries and independent research and development. In view of this, key cities such as Beijing, Shanghai, Tianjin and other key cities have successively introduced a series of preferential policies to solve the fund gap of invested enterprises, improve the management structure and business model, raise the level of regional science and technology, and promote local economic development. In this context, the aim is to attract private equity investment institutions, protect the rights and interests of private equity investors, and promote the rapid development of local private equity investment. On the basis of demonstrating the influence mechanism of regional economic growth and local government incentives on private equity investment, this paper takes private equity investment in China as the research object, and empirically tests the regional economic growth in China. The basic characteristics of the influence of local government incentives on private equity investment. This paper systematically combs the literature about private equity investment at home and abroad, and analyzes the development course of private equity investment in typical foreign countries. This paper expounds the experience and enlightenment of the development of foreign private equity investment to our country, deeply analyzes the function mechanism of regional economic growth and local government incentive to private equity investment, and deduces six hypotheses that need to be tested. The panel data of 30 provinces and cities in mainland China from 2003 to 2011 are selected to test the six hypotheses. Finally, combined with the conclusions of theoretical and empirical analysis, the paper puts forward some policy recommendations to promote the healthy and rapid development of our private equity investment.
【学位授予单位】：合肥工业大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F127;F832.51

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