本文選題：政府創(chuàng)業(yè)投資引導(dǎo)基金 + 績效評價�。� 參考：《貴州財經(jīng)大學(xué)》2017年碩士論文

【摘要】：當(dāng)前,我國已邁入中等收入國家行列成為了名副其實的經(jīng)濟大國。但是,隨著人口紅利的逐漸消失、國際經(jīng)濟局勢的持續(xù)變化,我國正面臨著“中等收入陷阱”的困境,經(jīng)濟發(fā)展在內(nèi)外因素的混合作用下正步入“新常態(tài)”,迫切需要深刻轉(zhuǎn)變發(fā)展方式。黨的十八大明確提出以創(chuàng)新驅(qū)動發(fā)展戰(zhàn)略助力經(jīng)濟進(jìn)一步增長,習(xí)近平總書記在2016年1月指出以供給側(cè)結(jié)構(gòu)性改革刺激社會生產(chǎn)力的提高。在這一背景下,我國政府創(chuàng)業(yè)投資引導(dǎo)基金進(jìn)入了飛速發(fā)展階段,在2015年期間,我國新設(shè)立的政府創(chuàng)業(yè)投資引導(dǎo)基金數(shù)量和規(guī)模分別達(dá)到2014年的2.83和5.24倍。政府引導(dǎo)基金又稱創(chuàng)業(yè)投資引導(dǎo)基金,通過引導(dǎo)資本對創(chuàng)業(yè)企業(yè)進(jìn)行投資以助力經(jīng)濟改革順利開展,在激勵新興產(chǎn)業(yè)的同時調(diào)控市場,是我國當(dāng)前階段創(chuàng)新驅(qū)動發(fā)展戰(zhàn)略、供給側(cè)結(jié)構(gòu)性改革得以順利實施的重要動力。而由于發(fā)展較晚和體制限制,我國政府創(chuàng)業(yè)投資引導(dǎo)基金在運行中還存在著一定不足,其中績效評價體系不完善是主要問題之一。而對引導(dǎo)基金進(jìn)行績效評價則是實現(xiàn)其健康、規(guī)范成長的有效途徑,本文的研究一方面補充了學(xué)術(shù)領(lǐng)域中政府創(chuàng)業(yè)投資引導(dǎo)基金績效評價方面的缺乏,另一方面根據(jù)實證結(jié)果提出優(yōu)化引導(dǎo)基金效率的理論參考,進(jìn)而為政府創(chuàng)業(yè)投資引導(dǎo)基金的發(fā)展出謀劃策。本文主要從以下方面展開研究:首先,運用準(zhǔn)公共產(chǎn)品理論分析政府創(chuàng)業(yè)投資引導(dǎo)基金設(shè)立的必要性及其作用,并分析運行中存在的風(fēng)險;其次,結(jié)合相關(guān)理論與現(xiàn)有研究成果選取引導(dǎo)基金績效評價指標(biāo)并使用因子分析法構(gòu)建指標(biāo)體系;最后,使用DEA模型與多元線性回歸模型相結(jié)合的實證方法對所搜集到的41支參股支持模式下的政府創(chuàng)業(yè)投資引導(dǎo)基金子基金投資記錄樣本數(shù)據(jù)進(jìn)行評價研究;在此基礎(chǔ)上提出當(dāng)前政府創(chuàng)業(yè)投資引導(dǎo)基金在運行中可能存在的問題和相應(yīng)的改進(jìn)建議。根據(jù)研究,本文發(fā)現(xiàn)樣本引導(dǎo)基金面臨的主要問題是創(chuàng)投機構(gòu)管理水平不足和企業(yè)的資本利用率低下,其原因可能在于政策限制條件偏多、市場化水平不足、創(chuàng)新企業(yè)規(guī)模尚小等方面。因此,本文認(rèn)為應(yīng)從以下幾個方面改善政府創(chuàng)業(yè)投資引導(dǎo)基金的運行現(xiàn)狀:1.適當(dāng)放寬限制,擇優(yōu)選擇創(chuàng)投機構(gòu)及投資對象;2.強化政府創(chuàng)業(yè)投資引導(dǎo)基金的市場化運作水平;3.加強監(jiān)管,規(guī)范引導(dǎo)基金運作;4.增強投資管理。
[Abstract]:At present, China has entered the ranks of middle-income countries to become a real economic power. However, with the gradual disappearance of the demographic dividend and the continuous changes in the international economic situation, China is facing the dilemma of "middle-income trap", and economic development is entering the "new normal" under the mixed action of internal and external factors. There is an urgent need for a profound transformation of the mode of development. The 18th National Congress of the Communist Party of China explicitly put forward the strategy of innovation-driven development to boost economic growth. In January 2016, General Secretary Xi Jinping pointed out that supply-side structural reforms were used to stimulate the improvement of social productivity. In this context, the government venture capital guidance fund has entered the rapid development stage. In 2015, the number and scale of the newly established government venture capital guidance fund reached 2.83 and 5.24 times of 2014 respectively. The government guide fund, also known as venture capital guide fund, is the strategy of innovation-driven development in our country at present stage, which can help the economic reform to carry out smoothly by guiding the capital to invest in the venture capital enterprise, and to control the market while stimulating the new industry. Supply-side structural reform can be implemented smoothly an important driving force. However, due to the late development and institutional constraints, there are still some deficiencies in the operation of the government venture capital guiding fund, among which the imperfect performance evaluation system is one of the main problems. The performance evaluation is an effective way to achieve its healthy and normative growth. On the one hand, the research in this paper complements the lack of performance evaluation in the academic field of government venture capital guidance fund. On the other hand, according to the empirical results, the paper puts forward the theoretical reference to optimize the efficiency of guiding funds, and then makes suggestions for the development of government venture capital guiding funds. This paper mainly carries out the research from the following aspects: firstly, using the quasi-public goods theory to analyze the necessity and function of the government venture capital guiding fund, and to analyze the risk existing in the operation; secondly, Combined with relevant theories and existing research results to select guide fund performance evaluation indicators and use factor analysis to construct the index system; finally, Using the DEA model and the multiple linear regression model, the paper evaluates the sample data of the government venture capital guide fund investment record under the 41 stock participation support model. On the basis of this, this paper puts forward the problems and corresponding improvement suggestions of the current government venture capital guiding fund in operation. According to the research, this paper finds that the main problems faced by the sample guide fund are the insufficient management level of venture capital institutions and the low utilization rate of capital of enterprises, which may be due to the lack of policy restrictions and the insufficient level of marketization. The scale of innovative enterprises is still small. Therefore, this paper believes that the following aspects should be improved from the government venture capital guidance fund operation status quo: 1. Appropriate relaxation of restrictions, the best choice of venture capital institutions and investment objects. Strengthen government venture capital guide fund market operation level is 3. Strengthen supervision, standardize and guide the operation of the fund. Strengthening investment management.
【學(xué)位授予單位】：貴州財經(jīng)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2017
【分類號】：F812.5;F279.2

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 李艷梅;;對學(xué)校實施績效管理的思考[J];成才;2016年09期

2 張鑫;;科技型中小企業(yè)創(chuàng)業(yè)投資引導(dǎo)基金運作管理模式的影響因素研究[J];沿海企業(yè)與科技;2016年04期

3 蔡敏;;我國戰(zhàn)略性新興產(chǎn)業(yè)創(chuàng)業(yè)投資引導(dǎo)基金績效評價研究[J];市場研究;2016年06期

4 劉春曉;劉紅濤;孟兆輝;;政府創(chuàng)業(yè)投資引導(dǎo)基金參股基金績效評價研究[J];上海金融;2015年10期

5 朱立群;李朝暉;;我國創(chuàng)業(yè)投資引導(dǎo)基金的運作績效評價[J];會計之友;2015年02期

6 翟華云;;戰(zhàn)略性新興產(chǎn)業(yè)上市公司金融支持效率研究[J];證券市場導(dǎo)報;2012年11期

7 胡澤文;武夷山;;科技產(chǎn)出影響因素分析與預(yù)測研究——基于多元回歸和BP神經(jīng)網(wǎng)絡(luò)的途徑[J];科學(xué)學(xué)研究;2012年07期

8 張勇;;創(chuàng)業(yè)投資引導(dǎo)基金風(fēng)險防范機制的構(gòu)建[J];江西社會科學(xué);2012年05期

9 趙海龍;;不同要約次序下政府引導(dǎo)基金的投資效率分析——基于不完全契約理論的視角[J];現(xiàn)代財經(jīng)(天津財經(jīng)大學(xué)學(xué)報);2011年10期

10 熊正德;詹斌;林雪;;基于DEA和Logit模型的戰(zhàn)略性新興產(chǎn)業(yè)金融支持效率[J];系統(tǒng)工程;2011年06期

相關(guān)博士學(xué)位論文 前2條

1 秦智鵬;我國戰(zhàn)略性新興產(chǎn)業(yè)創(chuàng)業(yè)投資引導(dǎo)基金績效指標(biāo)體系研究[D];對外經(jīng)濟貿(mào)易大學(xué);2014年

2 畢功兵;基于變量屬性分類的DEA模型研究[D];中國科學(xué)技術(shù)大學(xué);2007年

相關(guān)碩士學(xué)位論文 前10條

1 韋孟;創(chuàng)業(yè)投資引導(dǎo)基金市場化運作的風(fēng)險控制研究[D];中國海洋大學(xué);2015年

2 沈琦;政府創(chuàng)業(yè)投資引導(dǎo)基金運作模式優(yōu)化研究[D];西北農(nóng)林科技大學(xué);2015年

3 陳園;創(chuàng)業(yè)投資引導(dǎo)基金目標(biāo)評價體系構(gòu)建[D];浙江工商大學(xué);2014年

4 陳曉君;江蘇省風(fēng)險投資引導(dǎo)基金發(fā)展現(xiàn)狀研究[D];蘇州大學(xué);2014年

5 張玨敏;信息不對稱下P2P網(wǎng)絡(luò)借貸行為的實證研究[D];西南財經(jīng)大學(xué);2014年

6 施鈺;政府引導(dǎo)基金的績效行為與實證分析[D];上海交通大學(xué);2013年

7 柏榆芳;我國政府創(chuàng)業(yè)投資引導(dǎo)基金風(fēng)險管理研究[D];云南財經(jīng)大學(xué);2013年

8 于羽;政府引導(dǎo)基金績效評價研究[D];天津財經(jīng)大學(xué);2013年

9 石琳;創(chuàng)業(yè)投資引導(dǎo)基金績效評價研究[D];東華大學(xué);2013年

10 唐瑞;政府創(chuàng)投引導(dǎo)基金績效評價研究[D];廣東工業(yè)大學(xué);2012年

，

本文編號：1915491