联合投资策略

对风险投资中联合投资策略的研究

Research of Syndication Strategy of Venture Capital

联合投资策略倾向基本上可以由金融理论和资源基础理论所解释，但是解释力是有限的。

Syndication can basically be explained by financial theory and resource-based theory , but the explanatory power is limited .

而创业企业的发展阶段以及融资性质都对联合投资策略的形成没有造成显著影响。

Stages of development and financing nature of the entrepreneurial enterprise have no significant impact on the formation of syndication .

并以此为基础，继续以项目发展的成长期和扩张期为着眼点，对联合投资策略在风险投资领域的应用中所产生双重双边激励问题进行了深入的阐述。

Based on it , concentrating the attention on the project growth step and expansion step , I elaborated the two-tier principal-agent relation in syndication of venture capital investments .

随着新浪、金蝶、搜狐等大批企业在境外成功上市，以及比比皆是的联合投资案例的成功，作为其幕后重要推动力的风险投资机构以及联合投资策略渐渐为人们所熟知。

With a large number of enterprises successfully listed overseas as Sina , Kingdee , Sohu and abound joint investment case is successful , as an important driving force behind venture capital institutions , as well as joint investment strategy gradually people known .