本文選題：六安工投　切入點：項目運營　出處：《安徽大學(xué)》2017年碩士論文

【摘要】：自1999年我國第一支政府引導(dǎo)基金成立以來,引導(dǎo)基金在解決企業(yè)融資難題,增強自主創(chuàng)新能力,促進經(jīng)濟發(fā)展方面發(fā)揮了重要作用。近年來,隨著"雙創(chuàng)"政策實施,我國政府引導(dǎo)基金數(shù)量不斷增長。相關(guān)數(shù)據(jù)表明,截至2016年12月底,國內(nèi)共成立901支政府引導(dǎo)基金,總規(guī)模已經(jīng)超過2.3萬億元。2011年六安市工業(yè)投資發(fā)展有限公司(以下簡稱"六安工投")受六安市政府委托,設(shè)立了一支總規(guī)模為7億元的政府引導(dǎo)型股權(quán)投資基金——六安市工投公司項目引導(dǎo)基金(以下簡稱"六安工投項目引導(dǎo)基金"),重點支持符合六安市政府產(chǎn)業(yè)投資導(dǎo)向的優(yōu)質(zhì)項目和工業(yè)企業(yè)。目前該基金已成為六安市供給側(cè)結(jié)構(gòu)性改革、促進戰(zhàn)略性新興產(chǎn)業(yè)項目發(fā)展、實現(xiàn)經(jīng)濟轉(zhuǎn)型升級的重要推手。但同時基金也面臨著市場化運作能力不強、投資回報率低、基金管理能力不足、退出渠道不暢等問題,處于一種低效率狀態(tài)。如何管理好引導(dǎo)基金,提高運營效率是當(dāng)前必須解決的關(guān)鍵問題。本文從五個方面對六安工投項目引導(dǎo)基金的運營效率進行研究。第一部分主要討論六安工投項目引導(dǎo)基金的效率問題,探討基金在推進當(dāng)?shù)貏?chuàng)業(yè)企業(yè)發(fā)展、擴大財政資金杠桿作用、促進經(jīng)濟健康發(fā)展等方面的重要意義。第二部分重點討論政府引導(dǎo)基金的運營管理模式與運營效率,以公共財政理論和委托代理理論為基礎(chǔ),分析政府如何最大限度地發(fā)揮引導(dǎo)基金對企業(yè)發(fā)展的促進作用,如何最充分地發(fā)揮市場機制的作用,提高基金的"融投管退"效率。第三部分根據(jù)六安工投項目引導(dǎo)基金的運營現(xiàn)狀,分析基金運營效率與運營中存在的主要缺陷及成因。第四部分是案例分析,從案例中分析提高基金運營效率的基本經(jīng)驗。第五部分從融資效率、投資效率、管理效率和退出效率等方面提出提高基金運營效率的對策建議。
[Abstract]:Since the establishment of the first government-led fund in 1999, the guiding fund has played an important role in solving the financing problems of enterprises, enhancing the ability of independent innovation and promoting economic development.In recent years, with the implementation of the "double-innovation" policy, the number of government-led funds has been increasing.Relevant data show that by the end of December 2016, a total of 901 government-led funds had been set up in China, with a total scale of more than 2.3 trillion yuan. In 2011, Lu'an Industrial Investment and Development Co., Ltd. (hereinafter referred to as "Lu'an Industrial Investment") was commissioned by the Lu'an Municipal Government.A government-led equity investment fund with a total scale of 700 million yuan has been set up, the Project guidance Fund of Lu'an City Industrial Investment Corporation (hereinafter referred to as the "Lu'an Investment Project guidance Fund"), with a focus on supporting industrial investment in line with the Lu'an Municipal Government.Investment-oriented quality projects and industrial enterprises.At present, the fund has become an important driver of supply-side structural reform in Lu'an City, promoting the development of strategic emerging industry projects and realizing economic transformation and upgrading.But at the same time, the fund is faced with some problems, such as weak market-oriented operation ability, low return on investment, insufficient fund management ability, poor exit channel, and so on, so it is in a low efficiency state.How to manage and guide the fund well and improve the operation efficiency is the key problem that must be solved at present.In this paper, the operating efficiency of the project-guided fund is studied from five aspects.In the first part, the paper discusses the efficiency of the fund, discusses the important significance of the fund in promoting the development of local entrepreneurial enterprises, expanding the role of financial leverage, and promoting the healthy development of economy.The second part mainly discusses the operation management mode and operation efficiency of the government-guided fund. Based on the theory of public finance and principal-agent theory, it analyzes how the government can maximize the role of guiding fund to promote the development of enterprises.How to give full play to the role of market mechanism and improve the efficiency of the fund.The third part analyzes the main defects and causes of fund operation efficiency and operation.The fourth part is the case analysis, from the case analysis to improve the fund operation efficiency basic experience.The fifth part puts forward the countermeasures and suggestions to improve the efficiency of fund operation from the aspects of financing efficiency, investment efficiency, management efficiency and withdrawal efficiency.
【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】：2017
【分類號】：F832.39

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