Research On Performance Evaluation Index System Of Provincial Leading Funds For Equity Investment In Shandong Province

In order to speed up the transformation of government functions,to promote innovation,entrepreneurship and equity investment,then Shandong provincial government promulgated a series of documents to fund government leading funds in 2014.Officially proposed the Shandong provincial government equity investment enterprises leading funds.In order to achieve all-round,three-dimensional provincial equity investment leading fund,the provincial finance department promulgated the "Shandong provincial equity investment leading funds performance evaluation and management of the Interim Measures in 2015.This paper uses the analytic hierarchy process to determines the weight of each index according to the different degree of sub-fund policy.This paper first introduces the definition,operation mode and operation status of the Shandong provincial equity investment leading funds.Based on the performance evaluation index of the US SBIC program,the Israeli YOMZA program,the Australian IIF program,and the domestic Jiangsu Venture Capital Fund and the Hangzhou Venture Capital Guiding Fund to evaluate the temporary index system's advantages and disadvantages of Shandong Province.The provisional index system includes the benefits Indicators,financial indicators and process indicators,I believe that the indicators included in the assessment of the main social,government and investment funds,and investment companies have not been considered in the process of improvement,in accordance with society,government,investment funds,and invested enterprises.The four main bodies have improved the index system.The leading fund of Shandong Province invest in many areas.The interim performance evaluation index system and the weight of the indicators did not follow the classification of the implementation of a general determination.In this paper,the sub-fund is divided into different groups according to the degree of marketization,and then the index weight of the fund group with different functional characteristics is determined by analytic hierarchy process.Finally,Finally,geting the index weight of the fund group with weak market economy and the fund group with emphasis on economic benefit.The establishment of the index system and the determination of the weight can promote the smooth implementation of the performance evaluation of the provincial equity investment leading fund in Shandong province.