摘要
风险投资的市场、风险和信息特性使得风险投资项目组织具有较强的特殊性,目前国内外现有各种项目组合模型如CAPM难以适应风险投资项目组合管理的要求。本文提出了一种综合考虑风险投资公司战略目标、风险、专业化领域,具有充分灵活性,简单实用的项目组合模型,它通过风险投资家对项目的多重分类来充分利用其知识、经验和主观定性数据,可充分适应风险投资环境中缺乏客观、定量数据的现实,最后提出了选择战略行业的基本思路和各种分类方法。
Iimitations of market,risk and information make portfolio management of venture capital much different from that of public securities,and available portfolio models such as CAPM are hard to meet the special requirements of venture capital portfolio.So by combining strategy,risk bearing and specialization field of venture capital corporations,a simple and flexible portfolio model is proposed,which uses multiple sorting methods from venture capitalists to combine their knowledge,experience,insight and various qualitative data,and can be applied in the situation.A structure of choosing strategic industry and various sorting techniques are given finally.
出处
《西安邮电学院学报》
2003年第4期64-68,共5页
Journal of Xi'an Institute of Posts and Telecommunications
