企业上市前引入VC-PE利弊分析研究.doc

摘要：近年来，伴随着中国中小企业的高速发展，其中不少企业已经成为国内经济的新增长点。同时，由于组织结构、公司制度以及经营风险的特殊性，引入VE/PE机制逐渐成为企业成长的重点。本文旨在对中小型企业板引入VC/PE投资对其发展的利弊进行研究。首先，企业业务收入和净利润的增长率被选定为定量指标来衡量企业的成长。之后，通过比较和分析有VC/PE背景的企业与无VC/PE背景的的经济增长能力与其承担风险得出引入该机制的优劣结论。本文将运用比较企业财务数据的方法分析得出结论。

关键字：VE/PE  利弊分析  财务数据

Abstract:In recent years, with the rapid development of small and medium-sized enterprises in China, the partial enterprises have been constructed to be the new power to promote the domestic economic growth. However, due to the particularity of organization structures, corporate standards and business risks, the participation of VC and PE institutions is very important for the development of enterprises. This paper aims to draw conclusions of advantages and disadvantages about VC/PE which small and medium-sized enterprise wildly used. Firstly, the growth rate of business income and net profit are selected as the quantitative indexes to measure the enterprise growth. Secondly，by comparing and analysis the ability of enterprises growth and risk , it is found that the pros or cons between the business of VC/PE background and non-VC/PE background. This paper will use more enterprise financial data method to analyze the conclusions.

Key Words：VE/PE  the advantages and disadvantages  Financial data

企业上市前引入VC/PE有利有弊，在风险投资及私募股权投资飞速发展的今天，VC/PE以成为中国经济发展的重要部门，尽管有许多潜在的弊端，但是并不能作为反对的理由。而对于企业来说，VC/PE永远只能起到辅助作用，企业只有提高自身竞争力才是硬道理。