浅析风险投资在改善高新技术企业公司治理中的作用.doc

毕业设计（论文） 题目：浅析风险投资在改善高新技术企业 公司治理中的作用  浅析风险投资在改善高新技术企业公司治理中的作用 摘 要 近年来，由于科技进步步伐的不断加快以及金融工具的不断创新，风险投资机构大量产生，与风险投资企业有关的公司治理问题日益受到关注。合理的资本结构对任何一个企业来说都是重要的，这不仅因为资本结构对企业的财务风险、经营业绩有重大影响，更重要的是资本结构同时影响着企业的治理结构。风险投资能促进技术创新，满足高新技术企业的资金需求，加快其技术成果转化。由于风险投资占高新技术企业相当比例的股权，使得高新技术企业具有特殊的公司治理结构。正是由于这种特殊的治理结构能够比较好的处理好利益相关者的矛盾和利益，使得高新技术企业可以在企业创业、成长的风险期内获得内在的持续发展的动力。 关键词：风险投资；高新技术企业；公司治理 Analysis of venture capital in improving the high-tech enterpri The role of corporate governance Abstract In recent years, due to the continuous progress of science and technology to speed up the pace as well as innovative financial instruments, generated a large number of venture capital institutions, venture capital and corporate governance-related problems have become an increasing concern. Reasonable to any of the capital structure of an enterprise is important not only because the capital structure of enterprises, financial risk, have a major impact on business performance and, more importantly, at the same time the capital structure affects the structure of corporate governance. Venture capital to promote technological innovation to meet the financial needs of high-tech enterprises to accelerate the transformation of its technological achievements. Venture capital as a result of high-tech enterprises accounted for a significant proportion of equity, making high-tech enterprises with special corporate governance structure. It is precisely because the governance structure of this particular can better deal with the contradiction between the interests of stakeholders and interests, making high-tech enterprises in the enterprise business, the risk of growth during the period was the continued development of intrinsic motivation. Key words: venture capital; high-tech enterprises; corporate governance 目 录 TOC \o 1-3 \h \z \u 1 绪论 1 2 公司治理的内涵 3 2.1 从权利制衡到决策科学 3 2.2 从治理结构到治理机制 4 3 高新技术企业发展中公司治理的难题 5 3.1 股权结构失衡 5 3.2 公司治理的法制环境不健全 5 3.3 经理人员激励与约束“双重软化” 6 3.4 信息披露机制不健全