Through analyzing Venture Capital's basic feature and process, the paper tries to make a research on the methods of appraisal of the Venture Capital project with the theory of Financial Management, and design a series of indexes to balance the venture business'risks and benefits.

項(xiàng)目評(píng)估較為客觀地反映了風(fēng)險(xiǎn)投資項(xiàng)目及企業(yè)的價(jià)值和發(fā)展?jié)摿で榕俗酆贤瑸轱L(fēng)險(xiǎn)投資企業(yè)的投資決策提供了重要的依據(jù)一区二区视频免费。

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(xiǎn)投資的基本特征和運(yùn)作過程欧美黄2，借鑒財(cái)務(wù)管理理論對(duì)風(fēng)險(xiǎn)投資項(xiàng)目評(píng)估方法進(jìn)行研究欧美精品在,欧美一区二区，并設(shè)計(jì)了一套衡量企業(yè)風(fēng)險(xiǎn)和效益的評(píng)估指標(biāo)體系，以為風(fēng)險(xiǎn)投資項(xiàng)目評(píng)估提供可行性方案日本视频www免费试看。

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(xiǎn)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(zhǎng)的"發(fā)動(dòng)機(jī)"黄色性爱啪啪免费观看，對(duì)一國(guó)經(jīng)濟(jì)發(fā)展起了舉足輕重的作用，近年來我國(guó)政府加大了對(duì)風(fēng)險(xiǎn)投資融資和投資的支持力度www.26uuuu，如：2006年8月通過的《中華人民共和國(guó)合伙企業(yè)法》確立了合伙企業(yè)中"有限合伙"的法律地位久久r久久，2007年3月國(guó)家稅務(wù)總局發(fā)布的財(cái)稅[2007]31號(hào)文件，對(duì)風(fēng)險(xiǎn)資本投資創(chuàng)業(yè)企業(yè)給予稅收上的優(yōu)惠政策国产在线精品26uuu。

This paper, through comprehensive analysis, deals with the problems in joint venture school cooperation in southern Jiangsus secondary schools by studying the background and current situation of the joint venture school cooperation, special topic survey, questionnaires and interviews. The problems are: 1. a small number of schools lay too much emphasis on benthamism; 2. overseas curriculum is introduced without digestion; 3. the joint venture cooperation in vocational schools is not accustomed to the local need; 4. many difficulties exist for a smooth connection with domestic and/or overseas college enrollment.

本文從研究蘇南地區(qū)中等學(xué)校中外合作辦學(xué)的背景和現(xiàn)狀入手免费A∨片在线网址，通過專題調(diào)研、問卷調(diào)查噜噜熟女导航、針對(duì)性訪談等方法久草毛片，經(jīng)過綜合分析發(fā)現(xiàn)蘇南地區(qū)中等學(xué)校中外合作辦學(xué)存在如下主夏問題：1、功利觀念影響辦學(xué)質(zhì)量狼友干在线观看；2久久久黄色大片视频、引進(jìn)國(guó)外課程"食洋不化"；3国产一级精品A片免费观看、職業(yè)學(xué)校中外合作辦學(xué)"水土不服"色哟哟中文字幕；4、學(xué)生國(guó)內(nèi)外升學(xué)路徑不暢在线麻豆视频。

Thirdly, a research is done on the stage investment in the venture investment andthe re-evaluating value of venture investment based on analyzing the actual performance of the venture enterprise. Then a real option decision model by using the binomial theorem is suggested creatively in this paper.

最后95精品激情在线视频，在對(duì)分階段投資和基于實(shí)際業(yè)績(jī)的價(jià)值重估進(jìn)行分析的基礎(chǔ)上，基于二項(xiàng)式期權(quán)定價(jià)公式推導(dǎo)出了一個(gè)針對(duì)分階段投資的實(shí)物期權(quán)決策模型国产91大屁股熟女。

Article 17 The total amount of investment of a joint venture refers to the sum of capital construction funds and the circulating funds needed for the joint venture's production scale as stipulated in the contract and the articles of association of the joint venture.

第十七條合營(yíng)企業(yè)的投資總額人妻无码久久系列，是指按照合營(yíng)企業(yè)合同、章程規(guī)定的生產(chǎn)規(guī)模需要投入的基本建設(shè)資金和生產(chǎn)流動(dòng)資金的總和久视频网无码性一区。

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?jī)蓪游写砘?dòng)關(guān)系的基礎(chǔ)上久久国产99，針對(duì)我國(guó)風(fēng)險(xiǎn)投資市場(chǎng)委托代理中的主體缺位、政策滯后等問題大型黄片，提出要明確風(fēng)險(xiǎn)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(xiǎn)資本市場(chǎng)，要大力宣傳和鼓勵(lì)以民營(yíng)資本為代表的積極股東的參與芭乐下载app最新；在風(fēng)險(xiǎn)投資項(xiàng)目評(píng)估中日韩午夜在线网站视频播放免费，應(yīng)當(dāng)不斷完善以政府擔(dān)保為主體的、貫徹激勵(lì)約束機(jī)制的美女的隐私秘视频网站丝袜、以專家匿名評(píng)審為特點(diǎn)的項(xiàng)目評(píng)估體系黄色片在线视频；在風(fēng)險(xiǎn)資本退出模式中，我們強(qiáng)調(diào)要更加重視MBO方式對(duì)風(fēng)險(xiǎn)投資事業(yè)的積極作用AAAAAAAAA三级网站。

By the analysis of the factors producing the moral hazard and research on the characters of information asymmetry on the process of the venture capital investment, we can conclude the design approaches of the contact mechanisms, including strengthening the risk resistance of the venture capital, inspiriting the venture entrepreneur by income and the interference of the venture enterprises.

富于彈性和靈活的契約機(jī)制是投資契約設(shè)計(jì)的主要內(nèi)容日韩欧美视频在线看，對(duì)道德風(fēng)險(xiǎn)的發(fā)生起到了積極的防范和控制作用，而投資契約保護(hù)性條款的設(shè)計(jì)則對(duì)道德風(fēng)險(xiǎn)的發(fā)生起到了法律上的震懾作用，并可彌補(bǔ)風(fēng)險(xiǎn)投資家因道德風(fēng)險(xiǎn)的損失久久偷拍综合。這兩方面構(gòu)成了投資契約設(shè)計(jì)的主要內(nèi)容亚洲图片澳洲图片在线看。

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(guó)風(fēng)險(xiǎn)投資運(yùn)行中主要存在以下問題：風(fēng)險(xiǎn)資本規(guī)模太小www.rrr755.com，來源單一扒开美女双腿桶出白浆，風(fēng)險(xiǎn)投資機(jī)構(gòu)不成熟，風(fēng)險(xiǎn)企業(yè)不完善五级黄色毛片，在風(fēng)險(xiǎn)資本提供者韩日妇女打一炮、風(fēng)險(xiǎn)投資機(jī)構(gòu)和風(fēng)險(xiǎn)企業(yè)之間還沒有形成合理的利益平衡機(jī)制，風(fēng)險(xiǎn)資本退出渠道不暢美女a片网站。

Article 29 After the investment is paid by the parties to the joint venture, a Chinese certified public accountant shall verify it and provide a certificate of verification, in accordance with which the joint venture shall issue to them investment certificates, which include the following items: the name of the joint venture; date, month and year of the establishment of the joint venture; names of the joint venturers and the investment contributed; date, month and year of the contribution of the investment; and date, month and year of the issuance of investment certificates

第二十九條合營(yíng)各方繳付出資額后一级A片破外女，應(yīng)當(dāng)由中國(guó)的注冊(cè)會(huì)計(jì)師驗(yàn)證，出具驗(yàn)資報(bào)告后日日精品视频在观线看网站，由合營(yíng)企業(yè)據(jù)以發(fā)給出資證明書色爽女人免费网站。出資證明書載明下列事項(xiàng)：合營(yíng)企業(yè)名稱一级毛片不卡视频在线；合營(yíng)企業(yè)成立的年免看一级a一片日韩A片、月、日人日人视屏；合營(yíng)者名稱及其出資額日韩美乳中文无码AV、出資的年国产蜜臀av在线、月、日亚洲美女黄又黄免费观看网站视频；發(fā)給出資證明書的年国产一级片免费手机在线视频、月、日