内蒙古政府创投引导基金运作模式研究

发布时间：2018-06-27 18:59

本文选题：政府创投引导基金 + 资本　；参考：《内蒙古农业大学》2017年硕士论文

【摘要】：创投引导基金是我国依据本国国情,在学习发达国家经验的基础上,不断摸索与实践的产物。内蒙古自治区自2009年开始成立创投引导基金,旨在发挥政府资金杠杆放大效应,扶持创业投资企业发展,引导社会资金进入创业投资领域,投向自治区重点发展的行业领域。随着政府创投引导基金的不断发展与完善,如何达到创投引导基金的引导效果、如何准确选择适合本土发展的产业进行扶持、如何确保财政资金安全收益的实现等问题日益突出,亟待解决。本文通过研究内蒙古创投引导基金现有的运作模式,发现内蒙古政府创投引导基金目前存在资金来源有限、欠缺优质投资项目、资金投向不符合政策指向等问题,其主要原因为政策导向与投资人利益诉求存在分歧、引导方式不合理、激励与补偿机制不明确等。针对发现的问题及其原因,本文最后提出了相关的政策建议,政府应承诺适当的激励和补偿机制,适度投资省外项目,加大对引导基金投资企业的早期投入,并构建和推进引导基金的多样化退出机制。
[Abstract]:Venture Capital guiding Fund (VCF) is the product of our country's exploration and practice on the basis of learning from the experience of developed countries according to our own national conditions. Since 2009, Inner Mongolia Autonomous region has established the Venture Capital guiding Fund, which aims to give full play to the leverage effect of government funds, to support the development of venture capital enterprises, to guide social funds into the field of venture capital investment, and to invest in the key areas of development of the autonomous region. With the continuous development and improvement of the government venture capital guidance fund, how to achieve the guiding effect of the venture capital guidance fund, how to select the industry suitable for local development to support, How to ensure the realization of financial funds security income and other issues are increasingly prominent, urgent need to be solved. By studying the existing operating mode of the Inner Mongolia Venture Capital guiding Fund, this paper finds that the Inner Mongolia Government Venture Capital guidance Fund has limited capital sources, lack of high-quality investment projects, and the investment of funds does not conform to the policy direction, and so on. The main reasons are that there are differences between policy orientation and investors' interest demands, unreasonable guiding methods, unclear incentive and compensation mechanisms, and so on. In view of the problems and their causes, this paper finally puts forward some relevant policy recommendations. The government should promise appropriate incentive and compensation mechanisms, appropriately invest in projects outside the province, and increase the early investment in guiding fund investment enterprises. And construct and promote the diversification exit mechanism of guide fund.
【学位授予单位】：内蒙古农业大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.51;F279.2

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