| 政府风险投资引导基金管理模式的选择 |
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| 引用本文： | 李朝晖.政府风险投资引导基金管理模式的选择[J].改革与战略,2010,26(10):65-67. |
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| 作者姓名： | 李朝晖 |
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| 作者单位： | 中央财经大学应用经济学博士后流动站,北京100081 |
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| 摘 要： | 政府风险投资引导基金的运作具有收益性不确定和信息不对称性略低、有实现收益最大化的动机与能力、评价标准缺失和所有权缺位,以及投资的专业化与标准化等特点。实践中完全由政府部门管理和设立国资企业管理都会存在各种弊端。采取委托管理模式,将引导基金的日常管理与运作事务委托给符合资质条件的管理机构负责,能够消除由政府部门管理和国资企业管理的弊端,有利于政府引导基金的长期良性运作。
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| 关 键 词： | 风险投资 引导基金 委托代理 管理模式 |
The Choice About the Management Mode for Government Venture Capital Leading Funds |
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| Li Zhaohui.The Choice About the Management Mode for Government Venture Capital Leading Funds[J].Reformation & Strategy,2010,26(10):65-67. |
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| Authors: | Li Zhaohui |
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| Institution: | Li Zhaohui(Postdoctor Working Station of Applied Economics,Central University of Finance and Economics,Beijing 100081) |
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| Abstract: | Government venture capital leading funds have motives and capabilities to maximize their profits as their profitabilities are less uncertain and they are in an environment with less asymmetric information.Lacking efficient evaluation criterion and ownership in essence,professional and standardized investment procedures bring some shortcomings for government venture capital leading funds to be managed fully by government department or state-owned enterprise.Entrusting qualified social management companies to undertake their day-to-day management and operating affairs,government venture capital leading funds can guarantee long term prospective development. |
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| Keywords: | venture capital leading funds proxy agent management mode |
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