国内外天使投资研究:文献回顾与研究趋势展望  

The Research of Angel Investment at Home and Abroad:Literature Review and Research Trend Prospects

作　　者：顾铭[1] 牛华伟[1] 苗苗[1] 

机构地区：[1]南京审计大学金融学院,江苏南京211815

出　　处：《金融教育研究》2017年第4期68-75,共8页Research of Finance and Education

基　　金：国家自然科学基金青年科学基金项目(71501099);江苏省自然科学基金青年项目(BK20150725);江苏省高校自然科学研究面上项目(15KJB110011);江苏省重点序列学科(应用经济学)专项经费(苏政办发[2014]37号)

摘　　要：作为创业企业在初创阶段的一个重要融资方式,天使投资逐渐受到学术界的广泛关注。特别是在我国经济进入新常态、国家提出"大众创业,万众创新"政策的背景下,天使投资在促进创业企业发展上的重要性也愈发显现。文章梳理了国内外天使投资研究的相关文献,对已有研究结果进行了系统的分析与比较。在此基础上,深入总结国内外天使投资的特征、优势与问题,并探讨未来天使投资的研究趋势及潜在研究方向,进而提出了符合我国国情的天使投资的发展建议。As an important financing way for the start-up firms during the initial stage,angel investment gradually received extensive attention by academia. Especially,China’s economy has entered a new normal state,under the background of ＂mass entrepreneurship and innovation＂policy; the angel investment plays an important role in promoting the development of start-up firms. The article combed the related literature of angel investment research at home and abroad,analyzed and compared the existing research results systematically. On this basis,we deeply summarized the trait,advantages and problems of angel investment; furthermore,we discussed the future research trend and potential research directions of angel investment; and put forward some suggestions for the development of angel investment in line with China’s national conditions.

关 键 词：天使投资 创业企业 文献综述 研究展望 

分 类 号：F830.59[经济管理—金融学]