摘要
美、日风险投资运作机制不同,导致两国风险投资发展效果迥异。美国风险投资公司以有限合伙制为其主流组织形式,有发达的私人权宜资本市场和二板市场作为风险资本进入和退出的渠道,并且也形成了适宜于风险投资发展的人才和文化环境。而日本风险投资公司的组织形式、二板市场状况和文化环境等条件都难与风险投资发展的内在要求相适应。我国目前风险投资发展中存在许多问题,对美、日风险投资运作机制的分析能为我国发展风险投资提供重要的借鉴作用。
The difference about the venture capital operating mechanism between US and Japan leads to different effects in the two countries. In America the limited partnership is the main form of venture capital and there are developed private equity capital market and NASDAQ for venture capital to enter and exit. The talent and culture conditions are also suitable for venture capital development. But in Japan, the condition is on the contrary. There are many problems in venture capital development of China. The study in venture capital operating mechanisms of Japan and US can give us the useful enlightenment.
出处
《商业研究》
北大核心
2003年第15期175-178,共4页
Commercial Research
