Second, with Principal-Agent theory and Trade Fee Theory, the dissertation sets up an analyzing frame of the affectivity of venture capital institution , and analyzes the progressing process and inner reasons of all kinds of venture capital organization .
To promote the development and creation of the theory, from the angle of venture capital organization, a new index system of venture capital item evaluation should be built up on the base of venture capital fundamental theory, the reference of the existing domestic and abroad venture item evaluation index system, the combination of venture capital and SMHE,S characteristics.
Our country should adopt venture capital organization of the joint-stock company system according to national conditions, such as economy, law and social culture environment and etc.
This method provides an analyzing tool to learn the strength and weakness of venture capital investment organization as well as strengthening the functions of venture capital investment organization.
Having probed into the characteristic of pioneering work investmen the direction of pioneering work investment issues on the scale of pioneering work investment funds pioneering work investment subjec the capital of pioneering work investment institution and the ultimate goal of the pioneering work investment mainly in this text.
Venture capital organizations, as the finance organization supporting development of the start business, play very important role in the marketization and industrialization of high-tech products.
Based on the analysis of topic selection and back-looking of relevant literatures , with the implements of Information Economy ,Principal-Agent Theory , Inspiration Theory , Investment-Return Theory ,Anticipate-Utility and so on ,the dissertation first sets up the theory model on the generation of the venture capital institution ,and then analyzes the necessity and the rationality of its generation .
Operations of venture capital can be divided into three parts, namely: Funding of the venture capital investing institution, making investments into the portfolio company, and exiting of the investment.