中文：6090字      10頁(yè)
英文：23567字     10頁(yè)

風(fēng)險(xiǎn)投資在小型企業(yè)的作用

Marjan Petreski

摘要：對(duì)于那些在獲取傳統(tǒng)資金資源有困難的公司來說，風(fēng)險(xiǎn)投資是取得資金的一個(gè)很好的選擇。同時(shí)。風(fēng)險(xiǎn)投資對(duì)于那些早期起步的、沒有穩(wěn)定利潤(rùn)回報(bào)的公司來說，這是一股強(qiáng)大的資金注入。首先，由于信息的不對(duì)稱，前期調(diào)查必須深入那些小的、剛起步的的公司進(jìn)行，也許他會(huì)導(dǎo)致事與愿違或道德敗壞等問題。早期良好的表現(xiàn)可以吸引更多的投資，而原始資本可以使公司更好的起步。
但是，最重要的結(jié)果是更多的投資者向機(jī)構(gòu)投資，事實(shí)上隨著新鮮資金的流入的同時(shí)伴隨著資金的增值，同時(shí)投資者對(duì)公司進(jìn)行監(jiān)控，提供專業(yè)的技術(shù)和最基本的幫助。也為企業(yè)贏得更好的聲譽(yù)。因此，風(fēng)險(xiǎn)投資對(duì)小型金融企業(yè)的作用是非常巨大的，文章對(duì)此進(jìn)行了深入的研究。

關(guān)鍵字：風(fēng)險(xiǎn)投資 小型企業(yè) 企業(yè)關(guān)系

The Role of Venture Capital in Financing

Small Businesses
Marjan Petreski

Abstract：Venture capital is an important alternative for companies that have difficulties accessing more traditional financing sources and it is a strong financial injection for earlystage companies that do not have evidence for persistent profitability yet. Firstly, deep prescreening process should be performed before investing in small, start-up business because of the information asymmetries, which in turn are the main cause for adverse selection and moral hazard problems. Well performed initial scan ensures good investment. Seed capital provided than enables the firm’s set off.
   But what is more important is the conclusion that there is much more than just capital that flows from the investors to the organizations in which they invest. Indeed, fresh capital inflow is accompanied with the process of value-adding which provides the company with monitoring, skills, expertise, help and, basically, reputation for attracting further finance. Consequently, the role of the venture capital in financing small business is tremendous. The paper sheds light on these issues.
Keywords： Venture Capital, Small Business, Entrepreneurship, Financing