摘要
信息不对称是创业资本存在和发展于新兴高科技企业融资市场的关键原因。本文把信息不对称和它导致的道德风险问题、逆向选择问题统一于一个模型之中 ,并且系统分析了创业资本在应对这些问题中所体现的核心能力和竞争优势。
Information asymmetry is the key reason for the existence and development of venture capital of high-tech enterprises The paper unifies moral hazard and adverse selection,which arise from information asymmetry, in one model,and analyses systematically the core capability and competition advantage of venture capital as it copes with these problems In addition,this paper discusses the influence of information asymmetry on the exiting approach of venture capital
出处
《中国管理科学》
CSSCI
2002年第5期82-86,共5页
Chinese Journal of Management Science
关键词
创业资本
创业企业
道德风险
资本运营
信息不对称现象
企业融资
information asymmetry
venture capital
venture enterprise
core capacity
moral hazard
adrerse selection
