摘要
基于总绝对偏差法和市盈率法,采用2009—2011年浙江省156家创投机构(包括基金公司)所投的605个知识产权风险投资项目的数据资料,对投资风险状况及其行业差异进行实证量化分析。研究结果显示,知识产权风险投资呈现出明显的投资收益与风险的对称性及行业差异,传播与文化娱乐等是高风险、高收益投资行业,医药保健、通讯设备业等是低风险、低收益的投资行业,而新材料工业则是一个非典型的高风险、低收益行业。
Based on total absolute deviation method and price earning ratio method,this paper adopts data information about 605 investment projects invested by 156 venture capital institutions（ including fund companies） in Zhejiang Province from 2009 to 2011,and carries out empirical quantitative analysis on risk status and industrial differences of venture capital. Research results show that venture capital presents obvious symmetry of investment income and risk,that is,＂high risk and high income; low risk and low income＂. There are obvious industrial differences： communication and cultural entertainment,and financial service industry are high- risk investment industries; medical care,software industry,communications equipment and environmental protection engineering are low- risk investment industries,while new materials industry is an atypical high- risk and low- income industry for venture capital.
出处
《科技管理研究》
CSSCI
北大核心
2016年第3期142-145,155,共5页
Science and Technology Management Research
基金
浙江省软科学研究计划项目"加大科技型中小企业风险资本投入的政策研究--基于提升创投机构融资能力的视角"(2014C35001)
浙江省自然科学基金项目"创投机构投资新兴产业早期项目的动力机制研究"(LY15G030028)
教育部人文社科项目"知识产权风险投资优化机制与政策研究"(10YJA630113)
