摘要
风险投资机构与风险企业管理层之间的信息不对称会带来严重的委托—代理问题和“道德风险”。从这一问题出发,着重探讨了风险投资中的有效治理机制,进而阐明在我国建构这一机制的必要性及其思路选择。
The dissymmetry of information between venture investment organizations and venture enterprises' administrators will bring severe issues on entrust-surrogate and moral venture. In the developed countries such as USA, the operation of financial instrument, inspirational and restrict mechanism, investment by stages, and other administration structures, can effectively relax the problems and promote the development of venture investment. Currently, it is especially necessary to build efficiency administrative mechanism of venture investment operation so that to strengthen the operation power of venture investment organizations.
出处
《科技进步与对策》
CSSCI
北大核心
2004年第12期81-83,共3页
Science & Technology Progress and Policy
关键词
风险投资
治理结构
道德风险
venture investment
administrative structure
moral venture
