风险投资项目退出时机选择的定量分析模型与应用研究  

Study on the Quantitative Analysis Model of Venture Capital Project Exit Timing and its Application

作　　者：程静[1] 

机构地区：[1]暨南大学经济学院,广东广州510632

出　　处：《暨南学报（哲学社会科学版）》2005年第5期8-12,15,共6页Jinan Journal(Philosophy and Social Sciences)

基　　金：广东省自然科学基金资助项目(20000744)

摘　　要：在研究风险投资项目退出时机选择的一般性原则时,通过引入持有期成本率γ0和目标收益率TR0两个参数,运用内部收益率(IRR)和净现值(NPV)指标,建立起一个动态的风险投资项目退出时机选择定量分析模型,为风险投资项目退出时机选择提供可操作的定量化分析工具。On the basis of drawing and analyzing the general principles of venture capital project exit timing,this paper has built up a dynamic quantitative analysis model of venture capital project exit timing by giving out two parameters(holding-period cost γ_0 and target return rate TR_0),using the internal return rate(IRR) and net present value(NPV).Meanwhile the applied examples are also given to support it.The purpose of this paper is to provide a practical quantitative analysis tool of venture capital project exit timing.

关 键 词：风险投资 风险投资项目 退出时机 定量分析模型 

分 类 号：F830.59[经济管理—金融学]