| 科技型风险企业股权分配研究 |
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| 引用本文： | 王红梅.科技型风险企业股权分配研究[J].科学学与科学技术管理,2009,30(9). |
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| 作者姓名： | 王红梅 |
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| 作者单位： | 北京交通大学,经济管理学院,北京,100044 |
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| 摘 要： | 科技型风险企业普遍存在着股权分配与资金或实物资产分离的现象,即创业者往往获得高于甚至远高于其出资或实物资产比例的股份,风险投资者获得的股份则低于其出资比例.探讨了企业的根本性质、企业股权分配的主要依据以及科技型风险企业的特点,构造了其融资契约模型,在上述工作的基础上解释了该类企业股权分配的现象.
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| 关 键 词： | 科技型风险企业 股权 创业者 风险投资者 |
Research on Ownership Allocation Phenomena in VC-Backed Technology-Intensive Firms |
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| WANG Hongmei.Research on Ownership Allocation Phenomena in VC-Backed Technology-Intensive Firms[J].Science of Science and Management of S.& T.,2009,30(9). |
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| Authors: | WANG Hongmei |
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| Institution: | School of Economics and Management;Beijing Jiaotong University;Beijing 100044;China |
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| Abstract: | In VC-backed technology-intensive firms, ownership allocation between entrepreneurs and venture capitalists is far from symmetric with that of non-human capital contributed by the two parties. Entrepreneurs always gain more whereas venture capitalists gain less ownership share compared with the share of non-human capital they offered respectively. In this paper, the author analyzes firm nature, ownership allocation foundations, features of VC-backed technology-intensive firms. Furthermore, the author constr... |
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| Keywords: | VC-backed technology-intensive firms ownership entrepreneur venture capitalist |
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