对投资学体系的再认识

Reconsideration on the System of Investment

对比分析了风险(创业)投资、证券投资和衍生工具投资行为的特点及其差异性,从成本关系、时间关系、风险关系、收益关系,以及所需的信息和知识关系的角度,将投融资行为分为:创新业务模式、一级市场模式、二级市场模式、并购模式、金融工程模式和国际业务模式,各自对应的投资理论、投资方法、投资风险控制、投资工具设计、投资收益实现机制、投资实践不一样,需要有不同的理论和研究方法体系的支撑,投资学理论体系的建设必须基于对以上问题的清楚认识和逻辑的再梳理。

With comparison analysis of differences and characteristics among venture capital,security investment and derivative investment,in terms of cost,duration,risk,profit,related information and knowledge,the investment behavior can be divided into six patterns：innovation pattern,primary-market pattern,secondary-market pattern,merger and acquisition pattern,financial engineering pattern and international pattern,with corresponding theory,investment ways,investment risk management,investment vehicle design,investment income implementation mechanism and investment practice in their own fields which have adaptive different theory systems and research methods.Rebuilding the investment theory system is based on the understanding and logical combing of these problems.