JH創(chuàng)業(yè)投資公司盡職調(diào)查研究
發(fā)布時(shí)間:2018-05-07 05:43
本文選題:創(chuàng)業(yè)投資 + 盡職調(diào)查; 參考:《安徽大學(xué)》2014年碩士論文
【摘要】:創(chuàng)業(yè)投資(Venture Capital),又被廣義的稱為“風(fēng)險(xiǎn)投資”。中國的創(chuàng)業(yè)投資開始于20世紀(jì)80年代,興起于1998年以后,到現(xiàn)在已經(jīng)走過了近30年的時(shí)間。然而,隨著創(chuàng)業(yè)投資在我國的不斷發(fā)展,許多創(chuàng)業(yè)投資公司在市場經(jīng)濟(jì)的浪潮中被淘汰,這其中的重要原因在于,投資者在做出投資決策之前,對被投資企業(yè)的盡職調(diào)查不夠全面深入或?qū)嵤┑男Ч缓?從而對企業(yè)的投資價(jià)值產(chǎn)生了錯誤的判斷,直接導(dǎo)致了投資沒有達(dá)到預(yù)期效果甚至失敗。由此可見,創(chuàng)業(yè)投資的盡職調(diào)查工作,對降低投融資雙方的信息不對稱,真實(shí)了解被投資企業(yè)的經(jīng)營狀況和發(fā)展前景,最大可能的降低投資風(fēng)險(xiǎn)等起著至關(guān)重要的作用,是創(chuàng)業(yè)投資者能否實(shí)現(xiàn)投資收益最大化的基礎(chǔ)所在。 本文所研究的連云港JH創(chuàng)業(yè)投資公司成立于2006年,是江蘇省第一家在發(fā)改委備案的創(chuàng)投企業(yè)。經(jīng)過近8年的發(fā)展,JH創(chuàng)投從無到有,逐漸在競爭激烈的創(chuàng)業(yè)投資行業(yè)站穩(wěn)了腳跟,并成功投資參股2家在中小板上市的高科技企業(yè)。但受自身以及市場環(huán)境等客觀因素制約,JH創(chuàng)投始終無法做大做強(qiáng)。筆者通過在JH創(chuàng)投的工作經(jīng)歷,結(jié)合實(shí)際案例,對JH創(chuàng)投的盡職調(diào)查進(jìn)行描述和分析,提出建議方案和改進(jìn)措施,力求建立一種較為規(guī)范的盡職調(diào)查流程內(nèi)容。 本文的內(nèi)容安排如下:第一部分,緒論。闡述本文研究背景和意義,研究思路和創(chuàng)新點(diǎn)。第二部分,創(chuàng)業(yè)投資和盡職調(diào)查工作概述。闡述創(chuàng)業(yè)投資及盡職調(diào)查工作的相關(guān)概念。第三部分,JH創(chuàng)投盡職調(diào)查現(xiàn)狀分析。結(jié)合具體案例描述JH公司盡職調(diào)查工作實(shí)施情況,并分析目前該公司開展的盡職調(diào)查工作所存在的主要問題。第四部分,JH創(chuàng)投盡職調(diào)查方案設(shè)計(jì)。針對所存在的問題,提出JH公司盡職調(diào)查工所需重點(diǎn)關(guān)注的調(diào)查要點(diǎn)并設(shè)計(jì)相應(yīng)調(diào)查提綱。第五部分,結(jié)論與展望。 本文的創(chuàng)新之處在于,運(yùn)用案例分析法研究筆者工作單位的具體業(yè)務(wù)內(nèi)容,揭示的問題真實(shí)且具有代表性;運(yùn)用信息不對稱理論、SWOT分析等方法對JH創(chuàng)投的盡職調(diào)查流程和內(nèi)容進(jìn)行重新設(shè)計(jì),并根據(jù)分析設(shè)計(jì)相應(yīng)的盡職調(diào)查提綱。
[Abstract]:Venture capital investment is also called venture capital investment in a broad sense. Venture capital in China began in the 1980's, began in 1998, and has gone through nearly 30 years. However, with the continuous development of venture capital in China, many venture capital companies have been eliminated in the wave of market economy. The due diligence of the invested enterprises is not thorough enough or the effect of the implementation is not good, which leads to the wrong judgment of the investment value of the enterprises, which directly results in the investment not reaching the expected effect or even failing. It can be seen from this that due diligence of venture capital plays an important role in reducing information asymmetry between investment and financing parties, truly understanding the business situation and development prospects of invested enterprises, and reducing investment risks as far as possible. It is the foundation that the venture capital can realize the investment income maximization. Lianyungang JH Venture Capital Company was established in 2006 and is the first venture capital enterprise in Jiangsu Province. After nearly 8 years of development, JH venture capital has gradually established its foothold in the highly competitive venture capital industry, and has successfully invested in two high-tech enterprises listed on small and medium-sized boards. But by itself and the market environment and other objective factors constraints JH VCs have always been unable to make big and strong. The author describes and analyzes the due diligence of JH Venture through the work experience of JH Venture Capital and the actual cases, and puts forward some suggestions and improvement measures to establish a more standardized due diligence flow. The content of this paper is arranged as follows: the first part, introduction. This paper expounds the background and significance of the research, research ideas and innovative points. The second part is an overview of venture capital and due diligence. The related concepts of venture capital and due diligence are expounded. The third part is the analysis of JH due diligence. This paper describes the implementation of due diligence in JH Company and analyzes the main problems existing in the due diligence work carried out by JH Company. The fourth part is the design of JH due diligence scheme. Aiming at the existing problems, this paper puts forward the key points of JH due diligence and designs the corresponding survey outline. The fifth part, conclusion and prospect. The innovation of this paper lies in the use of case analysis method to study the specific business content of the author's work unit, revealing the problem is true and representative; The due diligence process and content of JH Venture are redesigned by using the information asymmetry theory and SWOT analysis, and the corresponding due diligence outline is designed according to the analysis.
【學(xué)位授予單位】:安徽大學(xué)
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2014
【分類號】:F832.39
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