區(qū)域經(jīng)濟(jì)增長、地方政府激勵(lì)對私募股權(quán)投資的影響:理論與實(shí)證研究
本文選題:私募股權(quán)投資 切入點(diǎn):區(qū)域經(jīng)濟(jì)增長 出處:《合肥工業(yè)大學(xué)》2014年碩士論文 論文類型:學(xué)位論文
【摘要】:近年來,,私募股權(quán)投資在我國資本市場不斷發(fā)展壯大,不論投資數(shù)量還是投資額都有了快速增長。私募股權(quán)投資能促進(jìn)高新技術(shù)產(chǎn)業(yè)的成長和自主研發(fā),解決被投資企業(yè)資金缺口、改善管理結(jié)構(gòu)和經(jīng)營模式,提高區(qū)域科學(xué)技術(shù)水平,推動地方經(jīng)濟(jì)發(fā)展。鑒于此,北京、上海、天津等重點(diǎn)城市陸續(xù)出臺了一系列優(yōu)惠政策,旨在吸引私募股權(quán)投資機(jī)構(gòu)入駐,保障私募股權(quán)投資者的權(quán)益,促進(jìn)本地私募股權(quán)投資快速發(fā)展。在此背景下,本文在論證說明區(qū)域經(jīng)濟(jì)增長和地方政府激勵(lì)對私募股權(quán)投資的影響機(jī)制基礎(chǔ)上,以我國私募股權(quán)投資為研究對象,實(shí)證檢驗(yàn)了我國區(qū)域經(jīng)濟(jì)增長、地方政府激勵(lì)對私募股權(quán)投資影響的基本特征。 本文較系統(tǒng)地梳理了國內(nèi)外有關(guān)私募股權(quán)投資研究的文獻(xiàn)資料,在分析國外典型國家私募股權(quán)投資發(fā)展歷程的基礎(chǔ)上,闡明了國外私募股權(quán)投資發(fā)展對我國的經(jīng)驗(yàn)啟示。深刻分析了區(qū)域經(jīng)濟(jì)增長、地方政府激勵(lì)對私募股權(quán)投資的作用機(jī)制,據(jù)此推演出有待檢驗(yàn)的6個(gè)假設(shè),并選取2003-2011年中國大陸30個(gè)省市的面板數(shù)據(jù)對這6個(gè)假設(shè)進(jìn)行了實(shí)證檢驗(yàn)。最后,結(jié)合理論和實(shí)證分析結(jié)論,提出了促進(jìn)我們私募股權(quán)投資健康快速發(fā)展的政策建議。
[Abstract]:In recent years, private equity investment in China's capital market has continued to grow, both the amount of investment and investment has a rapid growth. Private equity investment can promote the growth of high-tech industries and independent research and development. In view of this, key cities such as Beijing, Shanghai, Tianjin and other key cities have successively introduced a series of preferential policies to solve the fund gap of invested enterprises, improve the management structure and business model, raise the level of regional science and technology, and promote local economic development. In this context, the aim is to attract private equity investment institutions, protect the rights and interests of private equity investors, and promote the rapid development of local private equity investment. On the basis of demonstrating the influence mechanism of regional economic growth and local government incentives on private equity investment, this paper takes private equity investment in China as the research object, and empirically tests the regional economic growth in China. The basic characteristics of the influence of local government incentives on private equity investment. This paper systematically combs the literature about private equity investment at home and abroad, and analyzes the development course of private equity investment in typical foreign countries. This paper expounds the experience and enlightenment of the development of foreign private equity investment to our country, deeply analyzes the function mechanism of regional economic growth and local government incentive to private equity investment, and deduces six hypotheses that need to be tested. The panel data of 30 provinces and cities in mainland China from 2003 to 2011 are selected to test the six hypotheses. Finally, combined with the conclusions of theoretical and empirical analysis, the paper puts forward some policy recommendations to promote the healthy and rapid development of our private equity investment.
【學(xué)位授予單位】:合肥工業(yè)大學(xué)
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2014
【分類號】:F127;F832.51
【參考文獻(xiàn)】
相關(guān)期刊論文 前10條
1 張新立,楊德禮,魏東嵐;風(fēng)險(xiǎn)投資的供給需求分析[J];商業(yè)研究;2005年15期
2 蘇娜;陳彬;;我國私募股權(quán)投資的區(qū)域差異及發(fā)展對策[J];東方企業(yè)文化;2010年08期
3 靳春平;;財(cái)政政策效應(yīng)的空間差異性與地區(qū)經(jīng)濟(jì)增長[J];管理世界;2007年07期
4 劉志偉;王大鵬;劉澄;;政府的公共補(bǔ)貼對風(fēng)險(xiǎn)投資的促進(jìn)作用[J];管理學(xué)報(bào);2007年06期
5 劉懿增;;政府參與私募股權(quán)基金發(fā)展的作用研究[J];北方經(jīng)濟(jì);2012年16期
6 張林森;范大平;;發(fā)揮地方政府經(jīng)濟(jì)職能促進(jìn)私募基金健康發(fā)展[J];產(chǎn)業(yè)與科技論壇;2009年02期
7 李靖;;全球私募股權(quán)投資發(fā)展的歷程、趨勢與啟示[J];海南金融;2012年05期
8 趙西萍,徐海波,張長征;從美國經(jīng)驗(yàn)看中國風(fēng)險(xiǎn)投資中的政府行為[J];科學(xué)管理研究;2002年02期
9 章澤武,周軍;中國風(fēng)險(xiǎn)投資發(fā)展中的政府作用[J];科技進(jìn)步與對策;2000年10期
10 孫俊;褚明曄;;新型金融業(yè)態(tài)對經(jīng)濟(jì)轉(zhuǎn)型升級的作用——基于長三角私募股權(quán)投資流向的分析視角[J];金融縱橫;2013年03期
相關(guān)博士學(xué)位論文 前1條
1 朱奇峰;中國私募股權(quán)基金發(fā)展論[D];廈門大學(xué);2009年
本文編號:1647614
本文鏈接:http://sikaile.net/jingjilunwen/touziyanjiulunwen/1647614.html