First, after elaborating the implication, characteristics and process of venture capital, this paper expounds the essence of venture capital appraisal and its significance in venture capital and materially distinguishes between the venture capital appraisal and traditio

首先，本文在介紹風(fēng)險投資涵義性爱欧美xxxxx、特點(diǎn)和流程的基礎(chǔ)上狼友偷拍视频，闡述了風(fēng)險投資項(xiàng)目評價的本質(zhì)特征，以及項(xiàng)目評價在風(fēng)險投資過程中所處的重要地位yy亚洲人成电影网站色，分析了風(fēng)險投資的項(xiàng)目評價與傳統(tǒng)項(xiàng)目評價的本質(zhì)區(qū)別亚洲黄男女网。

Firstly, in the article, it analyzes the basic concept of the Venture Capital, which involves Venture Capital's connotation, features, objects, investors and process. It strengthens the importance of appraisal of Venture Capital in the analysis of Venture Capital's process.

本文通過分析風(fēng)險投資的基本特征和運(yùn)作過程，借鑒財(cái)務(wù)管理理論對風(fēng)險投資項(xiàng)目評估方法進(jìn)行研究久久久久久黄色片，并設(shè)計(jì)了一套衡量企業(yè)風(fēng)險和效益的評估指標(biāo)體系黄色视频在线观看xx，以為風(fēng)險投資項(xiàng)目評估提供可行性方案。

As the "activator" of the high-tech industry and the "engine" of the economy development, the venture capital has great significance on a nation"s economy. Our government increases the auspice extent to venture capital financing and investing in recent years. Such as the "Partnership Law of the People"s Republic of China", which passed in August 2006, establishes the law status of "limited partnership" in venture capital. On March 2007, the State Administration for Taxation issued the file No. 37 (2007) of fiscal and taxation to give venture capital preferable policy on revenue.

風(fēng)險投資作為高新技術(shù)產(chǎn)業(yè)發(fā)展的"催化劑"和經(jīng)濟(jì)增長的"發(fā)動機(jī)"美女汚汚无遮挡免费视频，對一國經(jīng)濟(jì)發(fā)展起了舉足輕重的作用中文字幕人妻人综合，近年來我國政府加大了對風(fēng)險投資融資和投資的支持力度，如：2006年8月通過的《中華人民共和國合伙企業(yè)法》確立了合伙企業(yè)中"有限合伙"的法律地位日本超碰97人人爽人人爱，2007年3月國家稅務(wù)總局發(fā)布的財(cái)稅[2007]31號文件免费强奸网，對風(fēng)險資本投資創(chuàng)業(yè)企業(yè)給予稅收上的優(yōu)惠政策。

All in all, My dissertation mainly focuses on phenomena existing in Chinese venture capital investment market with double principle-agent theory. According to actual conditions, we think that shareholders who are full of wishes to supervise the daily management of the venture capital should be nurtured. Another, the evaluation system with government as cautioner, the incentive and restrictive mechanism implemented and anonymous assess as trait in the beginning of process should be improved uninterrupted. Last but not least, in the choosing of exit ways of the venture capital, the MBO method is one that couldn't be ignored.

并在探究兩層委托代理互動關(guān)系的基礎(chǔ)上igao.com视频在线，針對我國風(fēng)險投資市場委托代理中的主體缺位一级毛在线、政策滯后等問題，提出要明確風(fēng)險投資領(lǐng)域宏觀與微觀環(huán)境建設(shè)的政府責(zé)任與企業(yè)責(zé)任：在風(fēng)險資本市場在线观看95视频，要大力宣傳和鼓勵以民營資本為代表的積極股東的參與国产一级一极性活片免费视频；在風(fēng)險投資項(xiàng)目評估中，應(yīng)當(dāng)不斷完善以政府擔(dān)保為主體的日日爱的黄色视频、貫徹激勵約束機(jī)制的亚洲性爱视频91、以專家匿名評審為特點(diǎn)的項(xiàng)目評估體系；在風(fēng)險資本退出模式中午夜性爱熟妇青青乐园，我們強(qiáng)調(diào)要更加重視MBO方式對風(fēng)險投資事業(yè)的積極作用国产激情无码一区二区app。

The main results of the dissertation are as following:(1) The origination and the evolving process of the venture capital industry of our country disclose that the main feature of our venture capital market is: the government is the main supplier of the venture capital regimentation and this transfer is characteristical of forced transfer.

論文所得到的主要結(jié)論有以下幾個方面：我國風(fēng)險投資的產(chǎn)生和發(fā)展過程表明无码精品视频，我國風(fēng)險資本市場形成的最主要特點(diǎn)是：政府是風(fēng)險投資制度的主導(dǎo)供給主體，這一制度變遷帶有明顯的"強(qiáng)制性制度變遷"的特征人人艹人人看人人艹人人看。

3Rd chapter summarizes the principal character that our country venture capital develops at present, and analyses the problem that our country venture capital there exists in job at present mainly, such as: the government supporting strength to venture capital job is insufficient, risk capital scale is minor, financing gap is big, the venture capital professional is deficient, the venture capital withdrawing from is machine-made wait urgently after perfect.

第3章 概述我國風(fēng)險投資目前發(fā)展的主要特征中文字幕第一区你懂的，并主要分析目前我國風(fēng)險投資業(yè)存在的問題，諸如：政府對風(fēng)險投資業(yè)的支持力度不夠chao碰、風(fēng)險資本規(guī)模小性欧美lx╳lx╳，資金缺口大、風(fēng)險投資專業(yè)人才匱乏日韩在线电影网中文字幕、風(fēng)險投資的退出機(jī)制亟待完善等www.欧洲视频在线。

In the meantime, the thesis argues that the establishment and perfection of exit mechanism is a gradual process. A market for "enterprise development" should be established to ensure sustained and healthy development of venture capital industry. This thesis consists of 9 parts, including introduction, the basic theory of venture capital and its exit, the main route of exit and comparison, introduction on some exit systems in USA, British, Taiwan and some developed regions, the effect on economic growth, summary and case study of the exit, progressional establishment of venture capital exit system in China, equity pricing patterns for stock transfer and the information to be disclosed, and conclusion etc.

本文分為九個部分，包括導(dǎo)論黄色网站视频污污污黄色，創(chuàng)業(yè)投資及其股權(quán)退出的基本理論国产羞羞涩涩午夜视频，創(chuàng)業(yè)投資股權(quán)退出的基本方式，美國欧美男女性潮免费福利看、英國和臺灣多層次資本市場建設(shè)及對創(chuàng)業(yè)投資股權(quán)退出的影響人看看人人摸人人操，國內(nèi)創(chuàng)業(yè)投資股權(quán)退出的現(xiàn)狀及影響股權(quán)退出的因素分析，多層次資本市場體系是我國創(chuàng)業(yè)投資股權(quán)退出機(jī)制建設(shè)的重要內(nèi)容青青青手机视频在线，改善創(chuàng)投公司機(jī)制和提高被投資企業(yè)的質(zhì)量是我國創(chuàng)業(yè)投資股權(quán)退出機(jī)制建設(shè)的重要基礎(chǔ)99久久国产一级特片无码，合理測算和制定轉(zhuǎn)讓價格及披露相關(guān)信息是當(dāng)前實(shí)現(xiàn)創(chuàng)業(yè)投資股權(quán)退出的重要措施，主要觀點(diǎn)和結(jié)論等图片小说视频激情区。

The essay introduces proposals and roles of venture capital, and di- cusses the unique demand of the capital in high tech industry. It also reveals the key points of success in venture capital, which is coalescence of the capital, the technolony, the knowledge and the human capital. It analyses the operating system in the venture capital.

本文介紹了風(fēng)險投資的特征及功能在线国产黄色片，論述了高科技產(chǎn)業(yè)獨(dú)特的資金需求特征，揭示出風(fēng)險投資中資金亚洲性经典XXXXHD、技術(shù)、信息及人力資源的整合是其成功的主要原因婷婷五月丁香九月，并分析了風(fēng)險投資的運(yùn)行機(jī)制久久亚洲精品少妇毛片无码。

First, the source of venture capital is single; second, the scale of venture capital is too small; third, institutions and enterprises of venture capital are not perfect; fourth, there is no benefit-balance mechanism between the institution and enterprises; fifth, the channels of seceding for venture capital are not kind.

通過研究，發(fā)現(xiàn)我國風(fēng)險投資運(yùn)行中主要存在以下問題：風(fēng)險資本規(guī)模太小国产综合在线观看视频，來源單一a黄色网址，風(fēng)險投資機(jī)構(gòu)不成熟，風(fēng)險企業(yè)不完善高潮流水抽搐免费视频在线，在風(fēng)險資本提供者下载日韩精品视频在线观看免费、風(fēng)險投資機(jī)構(gòu)和風(fēng)險企業(yè)之間還沒有形成合理的利益平衡機(jī)制，風(fēng)險資本退出渠道不暢亚洲观看一区二区三区。

Hua Yongdao of general of famous accounting firm and alliance of national venture capital The National Venture Capital Assn.

聞名會計(jì)公司普華永道和國家風(fēng)險資本聯(lián)盟（the National Venture Capital Assn亚洲男人天堂AV网站在线观看不卡。