本文關(guān)鍵詞：我國(guó)私募股權(quán)投資基金的行業(yè)選擇行為研究　出處：《復(fù)旦大學(xué)》2012年碩士論文　論文類(lèi)型：學(xué)位論文

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【摘要】：私募股權(quán)投資基金在中國(guó)發(fā)展近30年來(lái),歷經(jīng)外國(guó)私募股權(quán)投資基金在市場(chǎng)上呼風(fēng)喚雨,到我國(guó)本土私募股權(quán)投資基金蹣跚起步,再到如今人民幣基金逐漸占據(jù)市場(chǎng)主導(dǎo)地位,我國(guó)私募股權(quán)投資基金行業(yè)可謂與中國(guó)經(jīng)濟(jì)一同發(fā)展壯大。在中國(guó)市場(chǎng)這持續(xù)了將近30年的投資歷練中,無(wú)論是國(guó)內(nèi)的人民幣私募股權(quán)投資基金,還是國(guó)外的私募股權(quán)投資基金,都在摸索中逐漸形成了一些在中國(guó)市場(chǎng)中獨(dú)有的特色。特別是在行業(yè)選擇行為上,和西方發(fā)達(dá)國(guó)家私募股權(quán)投資基金以并購(gòu)基金為主、主要投資于高新技術(shù)產(chǎn)業(yè)的投資策略不同,我國(guó)私募股權(quán)投資基金一直以來(lái)主要是以成長(zhǎng)型基金的方式投資于傳統(tǒng)行業(yè)。此外,還有諸多有別于國(guó)外私募股權(quán)投資市場(chǎng)的現(xiàn)象,值得我們?nèi)リP(guān)注與探究。私募股權(quán)投資基金的投資行為是在不確定條件下做出的投資決策,所以結(jié)合行為金融學(xué)理論的觀(guān)點(diǎn),來(lái)研究我國(guó)私募股權(quán)投資對(duì)行業(yè)的選擇行為,具有一定的現(xiàn)實(shí)意義和理論價(jià)值。 本文主要是以廣義私募股權(quán)投資基金為研究對(duì)象,結(jié)合行為金融學(xué)理論觀(guān)點(diǎn),對(duì)我國(guó)私募股權(quán)投資基金在進(jìn)行行業(yè)選擇時(shí)的行為進(jìn)行探索性研究,揭示了其在不確定條件下所做出的投資選擇的成因,以及該投資行為對(duì)行業(yè)發(fā)展所產(chǎn)生的影響。只有明晰了我國(guó)私募股權(quán)投資基金進(jìn)行行業(yè)選擇背后的理論依據(jù),才能制定合理的政策法規(guī),引導(dǎo)與利用私募股權(quán)投資發(fā)現(xiàn)價(jià)值與創(chuàng)造價(jià)值的特性,促進(jìn)我國(guó)經(jīng)濟(jì)結(jié)構(gòu)化調(diào)整的目標(biāo)早日實(shí)現(xiàn)。本文第一章介紹了私募股權(quán)投資基金的基本內(nèi)容以及其在國(guó)內(nèi)外的發(fā)展?fàn)顩r和特點(diǎn)。第二章分析了私募股權(quán)投資基金對(duì)我國(guó)經(jīng)濟(jì)結(jié)構(gòu)調(diào)整的意義。第三章對(duì)國(guó)內(nèi)外相關(guān)的私募股權(quán)投資研究進(jìn)行概述與評(píng)價(jià)。第四章簡(jiǎn)述了私募股權(quán)基金進(jìn)行行業(yè)調(diào)研的內(nèi)容與流程。第五章運(yùn)用行為金融學(xué)相關(guān)理論對(duì)我國(guó)私募股權(quán)投資的行業(yè)選擇行為進(jìn)行分析與解釋。第六章總結(jié)了我國(guó)私募股權(quán)投資基金行業(yè)發(fā)展的不足并提出意見(jiàn)建議。
[Abstract]:Private equity funds in China nearly 30 years of development, after foreign private equity funds in the market call, to China's local private equity funds falter start. Now that RMB funds gradually occupy the dominant position in the market, the private equity fund industry in China can be said to be growing with the Chinese economy. This has lasted nearly 30 years of investment experience in the Chinese market. Both domestic private equity funds and foreign private equity funds have gradually formed some unique characteristics in the Chinese market, especially in the behavior of industry selection. Compared with the western developed countries, the private equity investment funds are mainly M & A funds, mainly invested in high-tech industry investment strategy is different. Private equity investment funds in China have been mainly invested in traditional industries in the form of growth funds. In addition, there are many different from the phenomenon of foreign private equity investment market. The investment behavior of private equity investment fund is an investment decision made under the uncertain conditions, so it combines the viewpoint of behavioral finance theory. It is of practical significance and theoretical value to study the choice behavior of private equity investment in China. This article mainly takes the generalized private equity investment fund as the research object, unifies the behavior finance theory viewpoint, carries on the exploratory research to our country private equity investment fund when carries on the profession choice behavior. It reveals the causes of investment choices made under uncertain conditions. As well as the impact of the investment behavior on the development of the industry. Only by clarifying the theoretical basis behind the industry selection of private equity funds in China can we formulate reasonable policies and regulations. Guiding and utilizing private equity investment to discover the characteristics of value and value creation. The first chapter introduces the basic contents of private equity investment fund and its development status and characteristics at home and abroad. Chapter two analyzes private equity investment fund. Chapter three summarizes and evaluates the research on private equity investment at home and abroad. Chapter 4th briefly describes the content and process of private equity fund industry investigation. Chapter 5th: the application of private equity fund. Chapter 6th summarizes the shortcomings of the development of private equity fund industry in China and puts forward some suggestions.
【學(xué)位授予單位】：復(fù)旦大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2012
【分類(lèi)號(hào)】：F832.5

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