风险企业IPO后风险资本退出时机研究

风险投资退出机制是整个风险投资运作过程中一个重要的组成部分，成功的退出对于确保投资者获得有吸引力的回报至关重要。因此，本文主要研究考虑声誉因素影响时，风险投资机构如何通过对合理退出时机的选择来实现收益的最大化。

The Study on the Choice of the Right Moment to Withdraw Venture Capital after the IPO of the Venture

The exiting of the venture capital is the important part of the venture capital management, the successful exiting is important to attract the investor. So this paper study how to select the right exit timing to realize the returns maximum when the reputation-based mechanism is considered.