摘要
溢出效应和信息问题导致了风险投资行业的市场失灵,政府介入风险投资有直接和间接两种方式,但都存在潜在局限性。公共风险投资作为政府干预风险投资市场的重要方式,是支持创新企业和新技术应用,提高资源配置效率的金融制度安排。目前,我国公共风险投资尚未建立科学有效的绩效评价系统,容易陷入与商业风险投资评价相同的追求盈利的陷阱,或是趋向于国有资产和公共财政的绩效评价方式。
Spillover hypothesis and information problems have led to market failures in the venture capital industry.There are directand indirect methods for government involvement in venture capital.However,there are potential limitations.Public venture capital asan important way for the government to intervene in the venture capital market is a financial system arrangement to support innovativeenterprises and new technology applications,and improve resource allocation efficiency.At present,China’s public venture capital hasnot yet established a scientific and effective performance evaluation system,and it is prone to fall into the same trap of profit-seekingas commercial venture capital evaluation,or it tends to be similar to the performance evaluation methods of state-owned assets andpublic finances.
作者
张琴
毕少曼
郭艳
ZHANG Qin;BI Shao-man;GUO Yan(College of Management and Economics,Tianjin University,Tianjin 300072,China)
出处
《经济研究导刊》
2018年第33期92-96,共5页
Economic Research Guide
基金
国家自然科学基金项目"公共风险投资基金绩效评价研究"(71403180)
关键词
公共风险投资
技术创新
绩效评价
public venture capital
technological innovation
performance evaluation
