在最近的二十年中,兩個(gè)新概念“私募股權(quán)投資”和“風(fēng)險(xiǎn)投資”逐漸在中國被人們熟知,在近期它們更成為商界人士關(guān)注的重點(diǎn)�！八侥脊蓹�(quán)投資”和“風(fēng)險(xiǎn)投資”由英文單詞“private equity”和“venture capital”翻譯而來,在西方常常被簡稱為PE和VC。雖然這兩個(gè)英文相對(duì)的中文詞匯也會(huì)經(jīng)常被用到,但更多的專業(yè)人士采用PE和VC簡單的代替所要傳達(dá)的內(nèi)容。在商業(yè)界,PE和VC早已受到廣泛的重視,但在理論屆,并沒有權(quán)威著作專門講授相關(guān)知識(shí),所以本文對(duì)PE和VC的定義借鑒于歐洲私募股權(quán)和風(fēng)險(xiǎn)投資協(xié)會(huì)EVCA。根據(jù)EVCA的定義,私募股權(quán)提供股權(quán)資本給未上市企業(yè)。私募股權(quán)融資可以用于開發(fā)新產(chǎn)品和技術(shù)（也被稱作風(fēng)險(xiǎn)投資）,擴(kuò)展?fàn)I運(yùn)資本,進(jìn)行企業(yè)并購,或強(qiáng)化公司資產(chǎn)負(fù)債表。私募股權(quán)融資也可用于解決所有權(quán)和管理權(quán)問題。家族企業(yè)的繼承權(quán)轉(zhuǎn)移,或經(jīng)驗(yàn)豐富的管理人員買出買進(jìn)某項(xiàng)業(yè)務(wù),也經(jīng)常通過私募股權(quán)融資實(shí)現(xiàn)。風(fēng)險(xiǎn)投資是與企業(yè)家一起進(jìn)行股權(quán)融資給早期階段（種子期和創(chuàng)業(yè)期）或者擴(kuò)張階段的公司。與投資者要承擔(dān)的高風(fēng)險(xiǎn)相抵的是對(duì)高于一般投資回報(bào)的期望。風(fēng)險(xiǎn)投資是私募股權(quán)投資的一個(gè)分支。由于風(fēng)險(xiǎn)投資是隸屬... 

【文章來源】：復(fù)旦大學(xué)上海市 211工程院校 985工程院校 教育部直屬院校

【文章頁數(shù)】：86 頁

【學(xué)位級(jí)別】：碩士

【文章目錄】：
論文摘要
Abstract
1. Introduction
2. Chinese Private Equity History
    2.1 Private Equity Definition and Origination
    2.2 Private Equity in China
    2.3 Private Equity Industry Association and Market Data Provider
    2.4 Chinese Private Equity Statistics
3. Private Equity Effect
4. Research Topic
    4.1 Private Equity Black Box Mechanisms
    4.2 Target Research Company Selection
    4.3 Stock Data Collection
5. Statistical Methodology and Result
    5.1 Nonparametric Methods
    5.2 Analytical Results
        5.2.1 Overall Industry Return Comparison
        5.2.2 Manufacturing Industry Return Comparison
        5.2.3 IT Industry Return Comparison
        5.2.4 Overall Industry Volatility Comparison
        5.2.5 Manufacturing Industry Volatility Comparison
        5.2.6 IT Industry Volatility Comparison
        5.2.7 Overall Industry Market Beta Comparison
        5.2.8 Manufacturing Industry Market Beta Comparison
        5.2.9 IT Industry Market Beta Comparison
        5.2.10 Market Beta Comparison within All Industry Levels
6. Conclusions and Future Research
    6.1 Conclusions
    6.2 Future Research Direction
Appendices
    Appendix A
    Appendix B
    Appendix C
    Appendix D
References
Acknowledgement



本文編號(hào)：2948061