Dissertation > Excellent graduate degree dissertation topics show

On the Financial Support to the Development of High-Technology Industry--Venture Capital Mechanism Research

Author: ZuoWeiHua
Tutor: LuoZhiSong
School: Guangxi Normal University
Course: Investment in the economy
Keywords: The high-tech industry High-tech enterprises Venture Capital Financial support Operation mechanism
CLC: F830.59
Type: Master's thesis
Year: 2000
Downloads: 281
Quote: 0
Read: Download Dissertation

Abstract


Entire industrial structure adjustment and upgrading in order to conform to the trend of technological development in the world, to meet the new economic era, led to high-tech industries, cultivate new economic growth point, to achieve the sustainable development of the economy, this is an indisputable fact , the development of venture capital is very tight at this stage in the economic development of a strategic topic in China. Microscopic principal of the high-tech industry is a high-tech enterprises, high-tech industry to high-tech enterprises as the carrier, the industrialization of scientific and technological achievements. Traditional corporate financing, there are two: First, indirect financing from commercial banks; direct financing from the securities market. The high-tech enterprises in the process of growing financing needs of particularity, it is difficult to finance from traditional sources. The development of high-tech industry investment and financing system, new and more extensive requirements, so that the full range of challenges to the traditional investment and financing system, and asked to find an objective with suitable investment and financing mechanism. The successful experience of foreign countries, venture capital is a major investment and financing mechanism of the high-tech industry, and to provide strong financial support for the development of high-tech industries. Venture capital to provide financial support for the high-tech industry, does not depend on the absolute amount of the financing funds, but the existence of a set of effective capital operation mode depending on the objective. Risk investment as a purely commercial investment and financing mechanism, the internal driving force support the development of high-tech industries are still profits, and investment and financing operations through a sophisticated mechanism to provide financial support for the development of high-tech industries. Risk investment in terms of its operational mechanism, can be viewed as a continuous cycle of funds. Harvard University Business School two Lermer and Gemgers of risk investment cycle model, the risk of investment and financing mechanism is divided into three stages: the fund-raising stage, stage of investment and divestment stage. The three stages of mutual influence, organic operation, constitute the effective operation of the mechanism of risk investment. Based on this model, I think that the process of risk investment and financing operations to adapt to the growing financing needs of high-tech enterprises particularity, through the multi-stage equity capital invested, reasonable structure and standardized operational processes, effective integration of capital, technology and human capital, access to value-added of the equity capital, \View from macroeconomic trends, the world economy has been changing from an industrial economy to a new economic form of knowledge innovation, high-tech industrial development speed has become the core of the global economic competition. The objective of the development of high-tech industries requires increased financial support of the efforts. China risk is still in the initial stages and does not yet have a comprehensive risk investment mechanism. The high-tech the low achievements into urgent financial innovation, high-tech industrial development. At present, China is in a period of transition from a planned economy to a market economy in transition. Recalling the course of the development of China's venture capital practice, the microscopic cases in-depth study concluded that, a single risk investment in the development mode, not enough to support the development of China's high-tech industry and venture capital in China. Therefore, in the high-tech development strategy should be the objective conditions, to establish a venture capital for nuclear. 0, the diversified capital operation mode coexist financial support system. Cut from the microscopic point of view of the main analysis of the high-tech industry, to explore the development of high-tech industry and venture capital from the financial support functions Contact comprehensive perspective studies focus on the operation of the mechanism of risk investment, and the trend of the development of the new economy, The development of China's high-tech industry's financial support system to make policy recommendations. China is still in the economies in transition, venture capital is in its infancy, risk investment mechanism has not yet been improved, and should have a profound practical significance of this study on the development of China's high-tech industry.

Related Dissertations

  1. Shandong Province,university research projects Integrated Management Model,G644
  2. The Research on Structure Model and Operation Mechanism of University-Enterprise Cooperative Innovation Network,F273.1
  3. Research on Improving the Mentoring Program in High-tech Enterprises,F276.44
  4. U.S. State Government financial support for public higher education Empirical Study,G649.712
  5. Study on Financial Support to the Development of Photovoltaic Industry in Xinyu City,F832.2
  6. Analysis of Financing Issues in Medium and Small-sized High-tech Enterprises,F276.44
  7. Research on Investment Risk Assessment and Controlling Strategy for High-tech Enterprises,F276.44
  8. The Research on the Impact of the Financial Support for Technological Innovation,F124.3;F224
  9. Research on Project Organizational in a Small Private High-tech Company,F276.44
  10. Research on Real Options Models and Applications in China,F832.5
  11. Venture Capital analysis of the role of China 's economic growth,F124;F224
  12. Our high-tech enterprise patent strategy research,G306
  13. To guide the Fund to Venture Entrepreneur under investment management team Selection and Evaluation of research,F224
  14. High and New Technology Enterprise Tax-planning on the New Round of Income Tax,F275
  15. An Analysis of the Property Rights Reform of Collective Non-Conmercial Forest,F326.20
  16. The development of high-tech industry in Guangxi Financial Support,F832.4
  17. Venture capital for innovative business performance Empirical Study,F272;F224
  18. High-tech enterprise profitability Fuzzy Comprehensive Evaluation,F224
  19. The Study on Relationship between High-Tech Listed Company’s Board Characteristics and Technological Innovation Performance,F273.1;F224
  20. Legal regulation of foreign venture capital,F832.6
  21. Research on Perfecting New Rural Social Old-aged Insurance System of China,F842.6

CLC: > Economic > Fiscal, monetary > Finance, banking > Finance, banking theory > Investment
© 2012 www.DissertationTopic.Net  Mobile