风险投资最佳组织形式——有限合伙

Best organization form of venture capital——limited partnership

风险投资是实现高科技产业化的主要途径,有限合伙制风险投资机构可以有效地解决资本提供者和风险资本运作者间的产权委托代理关系,是风险投资最佳组织形式。从有限合伙的激励机制、约束机制、运行成本方面分析了其独特的治理机制,在此基础上提出我国采取这种组织形式的现实障碍,以及如何为其发展创造良好的法律、社会环境。

Venture capital is a main way to realize HiTech industrialization.The venture capital institution of limited partnership can effectively settle the agreement of agency relation that maked between provider and venture capital operator.It is the best orgnizationa form of the venture capital.This article analyzes the unique administration mechanism from the incentive machanism of limited partnership,tied mechanism and operated cost,on this basis,it puts forward realistic obstacle of our country adopting this kind of orgnizationa form and how to creat the suitable law and society environment for its deveopment.