【作者】 梁菲； 陈丽珍；

【Author】 Liang Fei Chen Lizhen

【机构】 江苏大学财经学院；

【摘要】 风险投资问题是一个走向社会主义市场经济的中国在市场经济运作,特别是在资本运作方面亟待解决的问题。由于风险投资公司和申报项目的企业之间存在信息不对称,风险投资项目选择市场上存在着大量的逆向选择问题。针对该行业的这一特殊性,本文通过运用信号传递博弈模型, 给出了这一问题出现时相应的对策。即以企业递交的商业计划书作为一种可靠的市场信号,将好的项目和差的项目区分开来。同时笔者还对避免逆向问题的发生提出了一些建议。更多还原

【Abstract】 Venture Capital problem is an issue which requires urgent solution in the operation of the market economy,especially in the capital operation in China.As there is information asymmetry between venture capital firms and the enterprises which report projects,lots of adverse selection problems exist in the market of venture project selection.In the terms of the particularity in this industry,this paper gives a corresponding measure through a signal transduction game model when this problem arises. I think business plans which are submitted to the venture capital firms can be seemed as a reliable market signals,and can distinguish good projects from bad ones.At the same time I also make some recommendations in order to avoid the occurrence of reverse problems.更多还原