摘要
私募股权投资作为资本市场中一种重要的融资手段之一,能有效地解决企业,尤其是小企业融资难问题.但在私募股权投资过程中,如何准确度量被投资企业风险,在合适的时机选择合适的退出渠道进行项目退出,并获取尽可能多的投资回报,是私募股权基金首要考虑的事情,这也对引导产业有序发展,合理分配社会资源有着重要的现实意义.本文根据被投资企业财务数据及创始人背景数据提出了一套量化分析方法,能有效度量被投资企业可能存在的风险,希望能为私募股权基金进行投资选择提供有用的参考依据,优化投资判断,降低投资风险.
As one of important financing channel in capital market,private equity can effectively solve the problem of financing difficulty for enterprises,especially for small enterprises.While in the investing process,it is the primary consideration for private equity funds that how to accurately measure the risk of the invested enterprise and how to choose a right exit channel to exit the project at a right time within obtaining more investment return as possible.And if PE funds can fulfill these targets,it would have a great practical significance for guiding orderly development of industries and rational distribution of social resources.This thesis proposes a set of quantitative analysis method based on the financial data and founders background data of the invested enterprises,which can effectively measure the possible risks of the invested enterprises.And we hope to provide a useful reference for the investment choice of private equity funds,with helping for optimizing the investment judgment and reducing the investment risk.
作者
叶可
冉靖
陈敏
YE Ke;RAN Jing;CHEN Min(School of Economics and Management,University of Chinese Academy of Sciences,Beijing 100190,China;Academy of Mathematics and System Science Chinese Academy of Science,Beijing 100190,China;University of Chinese Academy of Sciences,Beijing 100149,China)
出处
《数学的实践与认识》
北大核心
2020年第18期310-320,共11页
Mathematics in Practice and Theory
关键词
私募股权投资
私募股权基金
风险度量
财务数据
创始人背景
量化分析
private equity investment
private equity funds
risk measurement
financial data
founder’s background
quantitative analysis
