Research On Performance Evaluation Of Technology-based SME Venture Capital Guidance Fund Based On Fuzzy DEA

SME venture capital fund operation is not standard,the policy effect is not obvious characteristics in the early stages of development.In order to promote the more standardized,healthy development,the national development and Reform Commission and other departments in October 2008 developed on the venture capital fund to guide the specification establishment and guidance of operation "(hereinafter referred to as the" guidance "),the State Council forwarded to support and promote science and technology of small and medium enterprises venture capital fund to guide more standardized and healthy development.The NDRC raised in the "guidance",should evaluate SME venture capital guidance fund performance evaluation system into the public finance.Responsible for promoting SME venture investment guide fund development of the relevant departments shall be the establishment of the science and technology SMEs Venture Investment Guide fund supervision and guidance,should establish scientific and effective technology based SMEs Venture Investment Guide fund performance evaluation methods,and regularly to SME venture capital guiding fund performance evaluation and real time response,the effect of the policy to promote its healthy development.Therefore,the theory and method of performance evaluation of SME venture capital fund becomes an urgent problem.SME venture investment guide fund has a different mode of operation and management mode,this paper in Chapter 2 are introduced respectively.And on a different mode of operation,introduces the SME venture investment guide fund management mode and management for small and medium sized science and technology enterprises to guide the problems appeared in the process of fund.Previous on SME venture investment guide fund performance evaluation index system will not risk factors into consideration.In the third chapter,specifically for small and medium sized science and technology enterprises guide fund risk are analyzed,constructs the evaluation index system of Technology Based SMEs Venture Capital Fund to guide risk factors.Data collection and the use of fuzzy comprehensive evaluation method of technology-based SMEs Technology Innovation Risk Evaluation and to derive quantitative indicators,as technology based SMEs Venture Investment Guide fund performance risk factors.In in performance evaluation of the fourth chapter,according to the methods of the index.In this paper,the SME venture capital investment guide fund performance evaluation index is divided into eight,including four input indexes and four output indicators.Respectively is: guide SME venture capital fund investment,science and technology SMEs Venture Investment Guide fund leverage effect,risk fund for small and medium sized science and technology enterprises guidance,guide SME venture capital fund management ability,technology type small and medium-sized enterprises operating profit,high-tech small and medium enterprises operating income growth rate as well as high tech small and medium-sized enterprise application number,patent,science and technology small and medium-sized enterprise technology innovation spillover effect.The fuzzy DEA method is used to introduce the L-R fuzzy number,and the performance evaluation index of each unit is calculated based on the cut set model,and then the performance of each unit is determined.The fifth chapter are introduced in detail of GMDH algorithm,including the theories,principles and modeling technology,as according to chapter four evaluation of science and technology type SME venture capital fund to guide the eight indicators,through the GMDH algorithm.Using MATLAB to run,that science and technology SMEs Venture Investment Guide fund scale and invest in the operating profit of small and medium sized enterprises of science and technology is technology based SMEs Venture Investment Guide fund performance is the main factor,the science and technology in unusual business profit of the enterprises of small and medium sized science and technology enterprises guide fund performance and the impact is the biggest.When studying the performance of venture capital fund for science and technology small and medium sized enterprises,it should pay more attention to the research and control of the profit and guiding fund size of the small and medium enterprises.