創(chuàng)業(yè)投資中盡職調(diào)查部分的研究
發(fā)布時(shí)間:2018-04-27 20:28
本文選題:創(chuàng)業(yè)投資 + 盡職調(diào)查; 參考:《福州大學(xué)》2014年碩士論文
【摘要】:20世紀(jì)六七十年代,一些愿意以高風(fēng)險(xiǎn)換取高回報(bào)的投資人發(fā)明了與以往抵押貸款有本質(zhì)上的不同的投資方式即創(chuàng)業(yè)投資。近幾十年來,創(chuàng)業(yè)投資這種投資方式發(fā)展的非常迅速,創(chuàng)業(yè)投資的預(yù)期目的是獲取高額收益。盡職調(diào)查是指創(chuàng)業(yè)投資公司對項(xiàng)目進(jìn)行篩選評估所進(jìn)行的一系列活動,可以提供創(chuàng)業(yè)投資中重要信息,有效降低信息不對稱性帶來的風(fēng)險(xiǎn),為創(chuàng)業(yè)投資家的正確判斷和科學(xué)行為決策提供確切而充足的現(xiàn)實(shí)依據(jù)。本文首先對創(chuàng)業(yè)投資和盡職調(diào)查的概念框架等進(jìn)行界定,簡要評述創(chuàng)業(yè)投資發(fā)展及盡職調(diào)查的相關(guān)研究,總結(jié)出我國創(chuàng)業(yè)投資業(yè)發(fā)展的基本現(xiàn)狀和面臨的問題,以及盡職調(diào)查的研究內(nèi)容等。然后在盡職調(diào)查的相關(guān)內(nèi)容研究的基礎(chǔ)上,對創(chuàng)業(yè)投資中盡職調(diào)查的基本原則、策略等進(jìn)行簡要分析。接著從理論方面論述了創(chuàng)業(yè)投資中盡職調(diào)查的必要性,并從企業(yè)管理和評估的理論(即SWOT、PEST、波特五力模型、平衡計(jì)分卡四大理論模型);改善信息不對稱;考慮創(chuàng)業(yè)投資的退出途徑(公開上市、收購、回購、破產(chǎn)清算)這三個(gè)方面對創(chuàng)業(yè)投資中盡職調(diào)查的要點(diǎn)進(jìn)行了詳細(xì)論述。最后根據(jù)前文理論進(jìn)行案例分析,對H公司的創(chuàng)業(yè)投資盡職調(diào)查部分逐步逐項(xiàng)分析,將理論研究與實(shí)際案例相結(jié)合,希望能夠起到一定的借鑒作用。
[Abstract]:In the 1960s and 1970s, some investors willing to exchange high risk for high returns invented a fundamentally different form of investment from previous mortgages: venture capital. In recent decades, venture capital is developing very quickly, and the expected goal of venture capital is to obtain high profit. Due diligence refers to a series of activities carried out by venture capital companies to screen and evaluate projects, which can provide important information in venture capital investment and effectively reduce the risk of information asymmetry. It provides an accurate and sufficient practical basis for the correct judgment and scientific behavior decision of venture capitalists. This paper firstly defines the conceptual framework of venture capital and due diligence, briefly reviews the development of venture capital and related research of due diligence, summarizes the basic status quo and problems facing the development of venture capital industry in China. And the research content of due diligence. Based on the research of due diligence, the basic principles and strategies of due diligence in venture capital are analyzed briefly. Then it discusses the necessity of due diligence in venture capital from the theory of enterprise management and evaluation (i.e. SWOTT-PEST, Porter's five-force model, balanced scorecard) four theoretical models, improve information asymmetry; Considering the exit ways of venture capital (public listing, acquisition, repurchase, bankruptcy liquidation), the key points of due diligence in venture capital are discussed in detail. Finally, according to the previous theory of case analysis, the H company's venture capital due diligence part step by step analysis, combining the theoretical research with practical cases, hoping to play a certain reference role.
【學(xué)位授予單位】:福州大學(xué)
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2014
【分類號】:F279.2;F832.48
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本文編號:1812197
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