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標題: | 我國私募股權基金發展中存在的問題及對策研究
—以DH投資公司為例 Problems existing in the development of private equity funds in China And countermeasures study — Take DH investments |
作者: | Hui-Hua Zhang 張惠華 |
指導教授: | 李賢源 |
關鍵字: | 私募股權基金,運行機制,影響因素,發展策略, private equity fund,Operating mechanism,Influencing factors,The development strategy of, |
出版年 : | 2020 |
學位: | 碩士 |
摘要: | 私募股權基金最初是從美國、歐洲等發達國家發展起來,至今已有100多年的發展歷史。隨著全球經濟發展的不斷深入與交匯,私募股權基金逐漸進入公眾的視野,為大眾所瞭解。面對我國金融經濟發展的大環境,在金融領域中作為連接我國企業之間重要的投融資管道,發展私募基金對我國金融經濟的發展具有重大影響。因此,在中國發展私募股權基金非常必要。
本文首先通過對我國私募股權基金的發展現狀及問題進行分析,並通過分析其原因提出了相應的f如何利用和整合事業單位或個人的閒置資金發展策略,為我國私募股權基金的研究提供清晰的思路。首先從相關概念出發,深入瞭解其在國內外的發展情況。然後根據私募基金的籌集和建立、投資、管理以及最後退出機制的分析,進一步瞭解了私募基金的運作機制和過程。同時,剖析當前中國私募基金發展所遇到的問題,並就具體因素進行深入解析,運用實證分析進行驗證,並在現有理論基礎上提出保障中國私募基金行業發展的對策建議。 通過研究得出的結論是:在內部因素中,目標企業對中國私募股權基金的影響最大,其次是基金的參與人因素和基金的運作方式因素;而我國的經濟、法律環境和政策規定屬於外部因素中,對私募基金的發展具很大影響。所以對中國私募股權基金發展中的各個流程、細節需求特別重視與關注,尤其是在投資過程中投資的目標企業,投資後的基金參與者的管理以及基金的運作方式。從宏觀上看,制定相應的政策和法律法規監管體系對於中國私募股權基金的發展非常重要。 Private equity funds originally developed from developed countries such as the United States and Europe, and have more than 100 years of development history. With the continuous deepening and convergence of global economic development, private equity funds have gradually entered the public's perspective and become known to the public. Facing the general environment of China's financial and economic development, as an important investment and financing channel to connect Chinese enterprises in the financial field, the development of private equity funds has a significant impact on China's financial and economic development. Therefore, it is necessary to develop private equity funds in China. This article first analyzes the development status and problems of China's private equity funds, and proposes corresponding development strategies by analyzing the reasons, which provides clear ideas for the research of China's private equity funds. First of all, start with related concepts and understand its development situation at home and abroad. Then, based on the analysis of private equity fund raising and establishment, investment, management, and final exit mechanism, the operation mechanism and process of private equity funds were further understood. At the same time, it analyzes the problems encountered in the development of China's private equity funds, analyzes specific factors, uses empirical analysis to verify, and proposes countermeasures to protect the development of China's private equity industry based on existing theories. The conclusion drawn from the study is that among the internal factors, the target company has the most influence on Chinese private equity funds, followed by the factors of the fund's participants and the way the fund operates; China's economic, legal environment, and policy regulations are external Among the factors, it has a great impact on the development of private equity funds. Therefore, special attention is paid to the various processes and details of the development of China's private equity funds, especially the target companies that invest in the investment process, the management of fund participants after the investment, and the operation of the fund. From a macro perspective, it is very important to formulate corresponding policies and laws and regulations for the development of China's private equity funds. |
URI: | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/15196 |
DOI: | 10.6342/NTU202000891 |
全文授權: | 未授權 |
顯示於系所單位: | 臺大-復旦EMBA境外專班 |
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