国有产业投资基金的投资后续管理要点分析  

Investment Follow-up Management of State-owned Industrial Investment Fund

作　　者：蔡神元[1] 刘欣[1] 

机构地区：[1]中南大学商学院,湖南长沙410083

出　　处：《财务与金融》2010年第6期11-14,共4页Accounting and Finance

基　　金：中南大学公司治理与资本运营研究中心"国有产业投资基金的风险管理研究"课题成果之一

摘　　要：投资后续管理是产业投资的重要环节,主要包括监控管理和增值服务两方面内容。国有产业投资基金大部分为政府主导,投资后续管理存在着代理风险、增值服务欠缺、政府干预较多、管理人才缺失、管理水平较低等问题。建议设置特殊股权安排等激励和约束机制,降低代理风险;引入和充分调动社会资源为企业提供增值服务;加速推广有限合伙制,设立专门委员会等降低政府干预;与外资投资基金合作,加强内部学习,提高投资后续管理水平。Investment follow-up management is an important part of industrial investment,it includes monitoring management and value-added services.Most of the state-owned industrial investment funds are led by the government.There are agency risk and more government intervention in the investment follow-up management,and it lacks value-added services.For lack of the management talents,the management level is not good enough.This paper presents a special share arrangements and other incentive and restraint mechanisms to reduce agency risk;introduce and mobilize social resources to provide value-added services for enterprises;accelerate the promotion of limited partnership and establish special committees to reduce the government intervention;corporate with foreign investment funds and strengthen internal learning to improve investment follow-up management.

关 键 词：国有产业投资基金 投资后续管理 管理对策 

分 类 号：F27[经济管理—企业管理]