摘要
风险企业家和风险资本家,对于风险投资的退出方式的偏好由于双方利益的冲突从而出现不完全一致,风险投资主体双方以可转换证券为融资工具,利用可转换证券所具备的控制权相机转移的特性,可以最大限度地实现风险投资退出的帕累托最优。
The venture entrepreneurs and the venture capitalists,regarding exit solutions of venture capital,are not completely consistent because of the conflict of interests.The two sides of venture capital can use the convertible securities with the characteristics of feasible control right transaction as the finance instruments and can implement the Pareto optimal exit of the venture capital.
出处
《中南财经政法大学学报》
CSSCI
北大核心
2006年第1期107-111,共5页
Journal of Zhongnan University of Economics and Law
关键词
可转换证券
退出决策
风险资本家
风险企业家
Convertible Securities
Exit Decisions
Venture Capitalist
Venture Entrepreneurs
