我国风险投资IPO退出的制度优化:市场效率与法律规制  

Institutional Optimization of Chinese Venture Capital's IPO and Listing Exit:Market Efficiency and Legal Regulation

作　　者：宣頔[1] 赵美珍[1] 

机构地区：[1]常州大学,江苏常州213164

出　　处：《改革与战略》2011年第6期74-76,共3页Reformation & Strategy

摘　　要：风险投资IPO退出市场结构均衡是该市场资源最优配置的必要条件。目前,IPO退出市场存在基础市场建构不完善,创业企业供给与投资者资本需求数量结构失衡,交易制度非效率以及IPO退出的境内外空间结构失衡等若干问题。为促进IPO退出市场有效发展,需要完善境内IPO退出发行准入制度和IPO退出交易制度,并进而构建纵横统一的IPO退出法律制度体系。The equilibrium of venture capital＇s IPO and listing exit market is necessary for optimal allocation of resources.Currently,there are several problems in this market.Firstly,the construction of basic market is imperfect.Secondly,the structure of venture enterprises＇ supply and investments＇ need is unbalanced.Thirdly,trading system is inefficient.Lastly,the inside and outside spatial structure of IPO and listing exit is out of balance.To make the market efficient,united legal system based on improvement of access system of IPO and transactional system is to be needed.

关 键 词：风险投资IPO退出 市场结构 市场效率 法律规制 

分 类 号：F830.59[经济管理—金融学]