论风险投资的风险控制机制

Argument for Risk- Control Mechanism of Venture Capital

中国风险投资失败率高最根本的原因 ,是由于我国风险投资机构的组织和运作不规范 ,未能建立有效的风险控制机制。结合国外成熟风险投资的风险控制机制 ,具体分析企业治理结构中的风险控制和风险投资运作过程中的风险控制 ,其结论是我国风险投资机构更大的问题是在企业治理结构上 。

Venture capital in China suffers high rates of failure. Its most essential cause is that there is no effective risk control mechanism set up due to ill-regulated organization and operation of venture capital institutions. In the light of overseas mature risk control mechanism of venture capital, the paper undertakes a concrete analysis on risk controls in corporate governance and the process of venture capital operation. The paper draws a conclusion that the most outstanding problem concerned about venture capital institutions lies in corporate governance, the most important factor being that of personnel.