【摘要】 分段投资是风险资本投入阶段的基本运作方式。本文假设风险资本以权益资本的形式进行投资 ,研究风险资本的多阶段投资决策问题。在对风险资本投资的安全性进行分析的基础上 ,提出超额收益极大化决策目标下的最优投资决定模型 ,给出了分段投资的序列决策方法。更多还原

【Abstract】 Stage financing is one of the most important financing forms.The received literature investigates the decision-making on stage financing under the consumption of equity finance.Based on analyses of investment safety,a series of optimal investment models are constructed to explain stage financing mechanism.更多还原