摘要
本文从资本市场的视角出发 ,对美国、英国和日本的风险资本市场形成的共性进行研究 ,研究证实了风险资本市场的形成至少应同时具备 :1)资本市场在中小企业融资方面的缺陷显化 ;2 )弥补缺陷所能带来的收益显化。这两个条件的具备与否直接决定风险资本市场的形成。这不仅可以用于风险资本市场形成的框架型预测 ,还对发展我国的风险资本市场具有政策性意义。
Starting from the existing capital market, this paper studies the common features in the formative process of venture capital markets now in operation in the US, UK and Japan, (mostly being well-organized ones). The authors' work proves that at least two preconditions are indispensable for the formation of venture capital market. The first is the capital market's defect in financing medium or small-sized firms and becomes noticeable and the second is the profit brought in filling the gap becomes observable. This criterion may be used to give a framework prediction of the formation of a venture capital market and helps us formulate related policies.
出处
《科学学研究》
CSSCI
北大核心
2001年第1期50-54,共5页
Studies in Science of Science
基金
国家自然科学基金!重点项目 .(79830 0 30 )
关键词
风险资本市场
形成条件
美国
英国
日本
共性研究
Venture capital market, traditional capital market, growth-oriented, banking innovation, risk investment.