银投合作的风险分析与补偿机制研究

Study on Risk Analysis and Compensation Mechanism of Cooperation of Commercial Bank and Venture Capital

商业银行和风险投资机构的合作,即银投合作,将为科技型中小企业的融资难问题提供新的解决方案。银投合作为商业银行带来了逆向选择风险和道德风险,却降低了风险投资机构的这两种风险。银投合作使得商业银行处于风险的劣势地位,需要风险投资机构和政府部门对商业银行建立相应的风险补偿机制。本文不仅从理论上探讨了因银投合作所导致的风险水平在商业银行与风险投资机构之间的变化,也为我国解决银投合作中面临的关键风险问题提供了思路和建议。

The cooperation of commercial bank and venture capital(CCBVC)will be a breakthrough to solve the financing problem for small and medium-sized S&T enterprise.CCBVC brings the adverse selection risk and ethical risk to the bank but reduces these two risks for the venture capital.CCBVC puts the bank in a disadvantage position in the aspect of risks.The venture capital and government should establish corresponding risk compensation mechanisms for the bank.This paper not only discusses the change of risk for the bank and venture capital after their cooperation theoretically,but also provides ideas and suggestions for solving the key risk problem in CCBVC.