摘要
在风险投资的多轮次分阶段投资中,各个不同的阶段有不同的收益模型,通过对各阶段收益模型的研究发现:随着投资的顺利进行,风险投资家最优持股量是不断降低的,而风险企业家最优持股量却是不断增加的。这个规律对风险投资的实践具有一定的指导意义。
This paper gives out several Optimal revenue models, though carefully study, we can find the regularity:with corporations steady developing, the shares that venture capitalist holds is becoming smaller and smaller whereas the shares that entrepreneur holds is becoming larger and larger.
出处
《首都经济贸易大学学报》
2004年第3期57-60,共4页
Journal of Capital University of Economics and Business