商业研究
商業研究
상업연구
Commercial Research
2010年
1期
151~154
,共null页
私人股权基金业绩 投资期 退出期
私人股權基金業績 投資期 退齣期
사인고권기금업적 투자기 퇴출기
private equity fund performance; investment period; divestment period;
私人股权投资已经成为近几年资本市场上最具争议的投资明星,然而在本轮东亚地区尤其是中国的私人股权投资的热潮中,并非所有的私人股权基金都取得了满意的业绩。利用来自Private Equity Intelligence的基金业绩数据,对目前投资于中国及周边地区的私人股权基金的表现进行实证分析,研究影响私人股权基金业绩的主要因素,并对其中的因素之——投资期和退出期的划分情况进行确定。
私人股權投資已經成為近幾年資本市場上最具爭議的投資明星,然而在本輪東亞地區尤其是中國的私人股權投資的熱潮中,併非所有的私人股權基金都取得瞭滿意的業績。利用來自Private Equity Intelligence的基金業績數據,對目前投資于中國及週邊地區的私人股權基金的錶現進行實證分析,研究影響私人股權基金業績的主要因素,併對其中的因素之——投資期和退齣期的劃分情況進行確定。
사인고권투자이경성위근궤년자본시장상최구쟁의적투자명성,연이재본륜동아지구우기시중국적사인고권투자적열조중,병비소유적사인고권기금도취득료만의적업적。이용래자Private Equity Intelligence적기금업적수거,대목전투자우중국급주변지구적사인고권기금적표현진행실증분석,연구영향사인고권기금업적적주요인소,병대기중적인소지——투자기화퇴출기적화분정황진행학정。
The private equity investment has become investment tool with the most dispute on the investment market in recent years. However, not all the private equity funds achieved satisfactory results in the current Upsurge in the private equity investment of East Asiaj especially China. Based on the data of the fund performance from the private equity intelligence, this empirical analysis attempted to deal with the recent performance of the private equity funds invested in China and its neighboring areas. The paper studied major factors influencing the performance of private equity funds and ensure the investment period and the divestment period, which are two major factors of influencing private equity fund performance.
