Research On The Risk Evaluation System Of The Venture Capital In China

The venture capital industry just started in China. In practice operation, where dose the venture capital organization look for the project, how to choice of the project with any procedure, how to assess the value of the project, they are very weak from theory to experience. To set up the feasible venture capital risk evaluation system of a set of science, it is a key of health operation of venture capital organization, is the problem urgently to be solved of venture capital industry in China too. This paper used foreign venture capital development experience of countries and regions for reference after analysing risk characteristic that investment project assess. And combine society,the situations of economy,culture development and stage that the development of the venture capital in China, adopt the analytic approach of the level to set up stronger effective venture capital risk evaluation index system,risk project mathematics model. Appraisal of risk system that this text set up can start an undertaking house go on project assessment offer meaningful reference for venture capital, offer basis on which the negotiates each side. This start an undertaking to of our country pioneering enterprise, development of the venture capital and investment institution of risk house look for domestic and international venture capital to have realistic directive significance. The concrete research contents include:Chapter 1: Introduction. After defining the background and basis of the selected title, the theory and realistic meaning, study have carried on the survey to domestic and international documents that appraised about the investment project of the risk in recent years, is it analyse to domestic and international characteristic of research document, propose technological route, re-set target and research object, this paper of research to research contents, problem solved and research approach, etc.. Chapter 2: Basic theories on investment project appraisal of the risk. On the basis of defining investment project concept of the risk , have pointed out the characteristic of the investment project of the risk; Risk meaning and content,and procedure that risk assessed that investment project assess, the investment project of risk of our country must happen finally and assess the existing problem. Chapter 3: The design of the risk evaluation index system of the venture capital. It discerned and defined principle and basis of establishing the system of evaluation index to the risk of the investment project of the risk at first , structuring the index system made up of three levels, but also carry on the concrete explanation to each index proves. Chapter 4: Model of risk evaluation of the investment project on the venture capital. Structure the model of appraisal of risk based on analytic approach of the level, on the basis of the thing that the expert gave a mark, adopt the concrete step of the analytic approach of the level to calculate out the weight of each index, provide the comprehensive evaluation criterion and model of the project risk afterwards. Chapter 5: The positive research of the venture capital project. The paper evaluates the comprehensive risk from the above evaluation system through a typical case. It provide that the risk evaluation system is scientific and rational, and it can help the venture capital organization to select investment project and reduce the risk.