甘肅生物產(chǎn)業(yè)基金投后管理創(chuàng)新研究
發(fā)布時(shí)間：2018-09-08 07:06
【摘要】：創(chuàng)業(yè)投資是指由專業(yè)的投資管理團(tuán)隊(duì)通過向初創(chuàng)期早中期的創(chuàng)業(yè)企業(yè)提供資金,并為其提供監(jiān)控管理和增值服務(wù),在創(chuàng)業(yè)企業(yè)發(fā)展到相對成熟的階段后,通過轉(zhuǎn)讓股權(quán)來獲取高額中長期收益的一種投資行為。通過分析研究,創(chuàng)業(yè)投資投后管理的核心在于“管理”。即通過提供管理支持,幫助創(chuàng)業(yè)企業(yè)制定并完善經(jīng)營管理計(jì)劃和戰(zhàn)略規(guī)劃,提供創(chuàng)業(yè)投資企業(yè)所盡可能擁有的社會(huì)資源網(wǎng)絡(luò)等一系列增值服務(wù),最終達(dá)到創(chuàng)業(yè)企業(yè)的價(jià)值增值和創(chuàng)業(yè)投資企業(yè)的資金退出的目的。甘肅生物產(chǎn)業(yè)基金成立于2012年5月。在有關(guān)方面的大力支持下,經(jīng)過基金管理團(tuán)隊(duì)的努力工作,截止到2014年9月30日,甘肅生物產(chǎn)業(yè)基金已經(jīng)按照既定投資決策程序完成了對隴神戎發(fā)藥業(yè)等省內(nèi)外8家優(yōu)質(zhì)企業(yè)的投資,投資總金額為22446.428萬元,完成基金總額的74.82%。盡管根據(jù)國家有關(guān)規(guī)范性文件的規(guī)定,甘肅生物產(chǎn)業(yè)基金作為創(chuàng)業(yè)投資基金,在投后管理過程中一定要注重適度參與被投資企業(yè)的經(jīng)營管理和投資決策,提供力所能及的增值服務(wù)。本文以甘肅生物產(chǎn)業(yè)基金“募、投、管、退”四個(gè)關(guān)鍵環(huán)節(jié)中的“管”為突破口,從實(shí)踐和理論兩個(gè)維度出發(fā),在借鑒國內(nèi)外創(chuàng)業(yè)投資投后實(shí)踐經(jīng)驗(yàn)和管理理論成果的基礎(chǔ)上,客觀地分析了甘肅生物產(chǎn)業(yè)基金投后管理當(dāng)前的發(fā)展?fàn)顩r和存在的主要問題,然后從規(guī)范投資決策流程、安排投后管理人員強(qiáng)化常規(guī)管理、委托中介機(jī)構(gòu)進(jìn)行專項(xiàng)審計(jì)或提供咨詢服務(wù)、委派專家團(tuán)隊(duì)全程提供技術(shù)指導(dǎo)、適度參與被投資企業(yè)經(jīng)營決策和公司治理、根據(jù)被投資企業(yè)發(fā)展需求提供相應(yīng)的增值服務(wù)、與其他戰(zhàn)略投資者建立一致行動(dòng)人關(guān)系、擇機(jī)選擇投資退出確保投資收益等八個(gè)方面提出了投后管理創(chuàng)新的主要策略,為甘肅生物產(chǎn)業(yè)基金以及類似的創(chuàng)業(yè)投資基金開展投后管理工作提供理論支持和經(jīng)驗(yàn)借鑒。本文以甘肅生物產(chǎn)業(yè)基金投后管理創(chuàng)新為主線,通過對創(chuàng)業(yè)投資與風(fēng)險(xiǎn)投資相關(guān)概念的辨析和創(chuàng)業(yè)投資投后管理概念的界定以及創(chuàng)業(yè)投資投后管理相關(guān)理論成果與實(shí)踐經(jīng)驗(yàn)的分析研究,旨在對當(dāng)前甘肅生物產(chǎn)業(yè)基金的發(fā)展現(xiàn)狀和主要問題進(jìn)行梳理、分析和總結(jié)、評價(jià),在借助于歷史文獻(xiàn)研究、典型案例分析、數(shù)據(jù)分析、理論分析等研究方法的基礎(chǔ)上,從理論和實(shí)踐兩個(gè)維度,提出了甘肅生物產(chǎn)業(yè)基金投后管理創(chuàng)新的主要策略和可能的預(yù)期效果以及相應(yīng)的保障措施,為甘肅生物產(chǎn)業(yè)基金投后管理工作提供一定的理論指導(dǎo)和經(jīng)驗(yàn)借鑒。
[Abstract]:Venture capital refers to that the professional investment management team provides funds, monitoring, management and value-added services to the start-up enterprises in the early and middle period of the initial period. After the venture enterprises have developed to a relatively mature stage, A form of investment that gains high medium-to-long-term returns by transferring equity. Through analysis and research, the core of venture capital investment management lies in "management". That is, by providing management support, helping start-ups to formulate and improve business management plans and strategic plans, and providing a series of value-added services such as social resource networks that venture capital enterprises have as far as possible, Finally, the value added and the capital withdrawal of the venture capital enterprises are achieved. Gansu Biological Industry Fund was established in May 2012. With the strong support of relevant parties, and thanks to the hard work of the Fund's management team, as of 30 September 2014, The Gansu Biological Industry Fund has completed the investment in 8 high quality enterprises inside and outside the province according to the established investment decision procedure. The total investment amount is 224.46428 million yuan and 74.82% of the total amount of the fund has been completed. Although according to the relevant national normative documents, the Gansu Biological Industry Fund, as a venture capital fund, must pay attention to appropriate participation in the operation, management and investment decisions of the invested enterprises in the post-investment management process. Provide value-added services as far as you can. This paper takes "management" in the four key links of "raising, investing, managing and withdrawing" of Gansu biological industry fund as a breakthrough, starting from the two dimensions of practice and theory, on the basis of drawing lessons from the practical experience and management theory achievements after investment in venture capital at home and abroad. This paper objectively analyzes the current development situation and main problems of the post-investment management of the biological industry fund in Gansu Province, and then, from standardizing the investment decision-making process, arranging the managers after the investment to strengthen the conventional management, To entrust intermediary institutions to conduct special audits or provide consulting services, to appoint expert teams to provide technical guidance throughout the course, to participate appropriately in the business decisions and corporate governance of the invested enterprises, and to provide corresponding value-added services according to the development needs of the invested enterprises, The main strategies of post-investment management innovation are put forward in eight aspects, such as establishing a consistent action person relationship with other strategic investors, choosing an opportunity to choose investment exit to ensure investment returns, etc. It provides theoretical support and experience for Gansu Biological Industry Fund and similar venture capital fund to carry out post-investment management. This article takes Gansu biological industry fund investment management innovation as the main line, Based on the analysis of the related concepts of venture capital and venture capital, the definition of the concept of post-venture capital management, and the analysis of relevant theoretical achievements and practical experience of post-investment management of venture capital, the paper analyzes and studies the related concepts of venture capital and venture capital. The purpose of this paper is to sort out, analyze and summarize the current development situation and main problems of the biological industry fund in Gansu Province, based on the research methods of historical literature research, typical case analysis, data analysis, theoretical analysis, etc. From the two dimensions of theory and practice, this paper puts forward the main strategies, the possible expected effects and the corresponding safeguard measures of the management innovation after the investment of Gansu biological industry fund. To provide some theoretical guidance and experience for Gansu biological industry fund management after investment.
【學(xué)位授予單位】：蘭州大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F426.72
本文編號：2229740
[Abstract]:Venture capital refers to that the professional investment management team provides funds, monitoring, management and value-added services to the start-up enterprises in the early and middle period of the initial period. After the venture enterprises have developed to a relatively mature stage, A form of investment that gains high medium-to-long-term returns by transferring equity. Through analysis and research, the core of venture capital investment management lies in "management". That is, by providing management support, helping start-ups to formulate and improve business management plans and strategic plans, and providing a series of value-added services such as social resource networks that venture capital enterprises have as far as possible, Finally, the value added and the capital withdrawal of the venture capital enterprises are achieved. Gansu Biological Industry Fund was established in May 2012. With the strong support of relevant parties, and thanks to the hard work of the Fund's management team, as of 30 September 2014, The Gansu Biological Industry Fund has completed the investment in 8 high quality enterprises inside and outside the province according to the established investment decision procedure. The total investment amount is 224.46428 million yuan and 74.82% of the total amount of the fund has been completed. Although according to the relevant national normative documents, the Gansu Biological Industry Fund, as a venture capital fund, must pay attention to appropriate participation in the operation, management and investment decisions of the invested enterprises in the post-investment management process. Provide value-added services as far as you can. This paper takes "management" in the four key links of "raising, investing, managing and withdrawing" of Gansu biological industry fund as a breakthrough, starting from the two dimensions of practice and theory, on the basis of drawing lessons from the practical experience and management theory achievements after investment in venture capital at home and abroad. This paper objectively analyzes the current development situation and main problems of the post-investment management of the biological industry fund in Gansu Province, and then, from standardizing the investment decision-making process, arranging the managers after the investment to strengthen the conventional management, To entrust intermediary institutions to conduct special audits or provide consulting services, to appoint expert teams to provide technical guidance throughout the course, to participate appropriately in the business decisions and corporate governance of the invested enterprises, and to provide corresponding value-added services according to the development needs of the invested enterprises, The main strategies of post-investment management innovation are put forward in eight aspects, such as establishing a consistent action person relationship with other strategic investors, choosing an opportunity to choose investment exit to ensure investment returns, etc. It provides theoretical support and experience for Gansu Biological Industry Fund and similar venture capital fund to carry out post-investment management. This article takes Gansu biological industry fund investment management innovation as the main line, Based on the analysis of the related concepts of venture capital and venture capital, the definition of the concept of post-venture capital management, and the analysis of relevant theoretical achievements and practical experience of post-investment management of venture capital, the paper analyzes and studies the related concepts of venture capital and venture capital. The purpose of this paper is to sort out, analyze and summarize the current development situation and main problems of the biological industry fund in Gansu Province, based on the research methods of historical literature research, typical case analysis, data analysis, theoretical analysis, etc. From the two dimensions of theory and practice, this paper puts forward the main strategies, the possible expected effects and the corresponding safeguard measures of the management innovation after the investment of Gansu biological industry fund. To provide some theoretical guidance and experience for Gansu biological industry fund management after investment.
【學(xué)位授予單位】：蘭州大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F426.72
【參考文獻(xiàn)】
相關(guān)期刊論文 前1條
1 范秀巖,李延喜;風(fēng)險(xiǎn)投資后續(xù)管理的內(nèi)涵[J];工業(yè)技術(shù)經(jīng)濟(jì);2005年01期
，本文編號：2229740
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