A Model of Venture Capital Project''s NPV Formula with Introducing Debt Capital

Improves investment decision method NPV method by introducing risk. This paper CAPM and certainty equivalent wealthare applied because of NCF'S volatility of venture capital projects, on the basis of which, debt capital is introduced. the dissertation derives a levered risky project's NPV formula, which broadens applying range and lessens constrain conditions. For risky projects investment decision, the research provides a new theoretical basis.     

An Analysis of Principal-Agent of Game under the Asymmetric Information in Venture Capital

The relationship of investors and venture capitalists is an important part in venture capital. Based on asymmetric information, this paper analyzes the principal agent relationship between investors and venture capitalists with game theory. And this paper mainly discusses the choosing, controlling and incentive problem. It suggests that only the capable and self confident venture capitalists could accept the terms of the limited partnership. It also indicates that recompense mechanism which holds the interest of investors and that of venture capitalists tightly is the center of the limited partnership. Rate of yield is the key of recompense mechanism, it not only reflects the incentive on venture capitalists, also reflects the share of risk between investors and venture capitalists. At last, the market credit play an important role in venture capital.     

A STUOY ON TNE POLICYMAKING MODEL OF INVEST IN THE INDUSTRIAL PROJECTS TO BE INUNDATED IN TNE RESERVIOR AREA OF THE THREE GORGES PROJECT

In combination with the migration of industrial projects to be in undated in thereservior area of The Three Gorges project, a level analysis apptoach is used to formulate a policy-making model of invest optimization for the projectS to be migrated,in which various kinds of influ-encial factor on the projects are presented quantitatively and the restriction of limited resourccs isconsidered; An effective,overall and aaplicablc policymaking approach is provided for the migrationof the Three Gorges project.     

投入产出分析在农业经济系统中的应用

农业产业化发展的最终目的是获得更大的经济效益。要获得最大的产投比或者最佳经济效益,必须有最为合理经济投入范围或比例。因此,可以利用符合我国社会主义市场经济规律且已为我国其他部门投资实践活动所成功应用的科学模型,即投入产出模型(投入产出分析),来进行农业系统的经济分析。为此,综述了投入产出分析的思想、内容、方法以及这一科学管理方法的具体运用;同时,对在农业方面如何应用投入产出分析实现管理科学化、提高管理水平和经济效益进行探讨.     

天然林保护工程封山育林国家投资标准探讨

以重庆市涪陵区2012年天保工程封山育林规划设计概算为依据，将涪陵区现行天保工程封山育林按国家标准的投资进行细分，在此基础上结合实际情况进行重新调整，提出了天保工程封山育林新标准，为确定天保工程封山育林标准提供参考。     

大马力拖拉机发展现状研究

大马力拖拉机在增收、节能、环保等方面有着不可比拟的优势,通过分析国内大马力拖拉机发展中遇到的问题,提出了通过政策的扶持、基础配件发展、引进先进技术与自主研发相结合、企业间相互合作等发展思路,为拖拉机发展提出了建议。     

高新技术产业化融资研究

高新技术产业化既是转变我国经济增长方式的有效途径 ,又是我国今后经济发展的重要增长点。本文分析了我国高新技术产业的现状 ,指出融资渠道的不畅是制约高新技术产业化进程的“瓶颈”,从而有针对性地提出了多层次的融资创新体系的构想     

风险资本家与企业家之间的控制权分配和转移

风险投资中的控制权分配直接影响企业的价值以及风险资本家与风险企业家的个人利益。本文通过简单的模型分析了风险投资合同中控制权的分配和转移，认为控制权尤其是剩余控制权是一种“状态依存权”，并且剩余控制权和剩余索取权是可分离的，且不必完全对应。这些结论基本符合融资控制理论的预测并得到实证支持。     

ICT-based agricultural advisory services and nitrogen management practices: A case study of wheat production in China

Excessive use of nitrogen fertilizer in China and its adverse effects on agricultural production have been a national and global concern. In addition to massive public initiatives to promote sustainable farm practices, grass-rooted innovations are emerging in the niche, many of which take the forms of information and communication technologies (ICT) and digital services. This study examines the effects of ICT-based extension services provided by an entrepreneurial startup on adopting sustainable farming practices. We found no significant reduction in N-fertilizer use for wheat production. But the ICT-based services promoted farmers to adapt N-fertilizer use towards site-specific management. The business model of the entrepreneurial venture faces great challenges in becoming participatory and financially sustainable.     

水电项目投资风险分析及管理方法研究

在分析了水电工程项目风险特性的基础上,论述了水电工程在施工过程中影响投资的主要风险。应用改进后的蒙特卡洛随机模拟方法进行投资风险分析,针对水电工程过程性和动态性的特点,研究了面向施工过程的动态投资风险管理方法,提出一个能够将风险管理与投资管理与控制有机结合的系统模型,并介绍了该模型的要点。然后在以上研究的基础上,分析并且提出了结合风险管理的水电工程投资动态管理与控制方法,绘制了其工作流程,并且论述其与传统的管理办法相比较具有的优势。最后进行了工程实例分析。