我国体育产业风险投资的运行过程及退出渠道  

Study of the operating process and exit channels of risk investment in the sports industry in China

作　　者：任保国[1] 刘凤婷[2] 苏振南[1] 

机构地区：[1]滨州学院体育科学研究所,山东滨州256603 [2]商丘师范学院体育部,河南商丘476000

出　　处：《体育学刊》2008年第1期56-61,共6页Journal of Physical Education

基　　金：山东省软科学研究计划资助项目(B200612);山东省教育厅科研发展计划项目(J06W51)

摘　　要：体育产业风险投资的运营始于资金的筹集和投放,终止于投资的收回和获得投资收益。运作过程分为筹资、投资和撤资3个阶段的循环模型。体育产业的风险投资是以资本增殖为目的,体育产业风险投资不是一次性投资行为,而是时间和空间上的循环过程。体育产业风险退出是该循环过程的关键环节,最佳的途径是体育企业购并或股份回购。The operation of risk investment in the sports industry starts at fund raising and launching, and ends at investment recovery and the gain of investment earning. The operating process is a model of circulation divided into 3 stages, namely, fund raising, investing, and fund withdrawing. Risk investment in the sports industry aims at capital increment. It is not a behavior of one time investment, but a circulative process in terms of time and space. TI risk exit in the sports industry is the critical link in this circulative process, and the best channel is sports enterprise merger or share buyback.

关 键 词：体育产业 风险投资 企业购并 股份回购 

分 类 号：G80-05[文化科学—运动人体科学]