CAJ | 학술논문

通过构建理论模型并采用Matlab仿真方法,探讨了相机控制模式下科技型创业企业的控制权配置机理。研究结果表明：创业企业获得融资额与剩余控制权（λ1）呈正向关系,与特定控制权（λ2）呈负向关系;清算价值、创业企业收益、项目成功概率与剩余控制权呈负向关系,与特定控制权呈正向关系;风险投资家获得的剩余索取权、固定收益与剩余控制权呈负向关系,企业经营状态、共享收益与特定控制权呈正向关系;企业经营状态、共享收益、创业企业家私人收益、风险投资家战略收益与λ1、λ2并非简单的正向或负向关系,而是需要满足特定的条件时才能反映其变化关系。
통과구건이론모형병채용Matlab방진방법,탐토료상궤공제모식하과기형창업기업적공제권배치궤리。연구결과표명：창업기업획득융자액여잉여공제권（λ1）정정향관계,여특정공제권（λ2）정부향관계;청산개치、창업기업수익、항목성공개솔여잉여공제권정부향관계,여특정공제권정정향관계;풍험투자가획득적잉여색취권、고정수익여잉여공제권정부향관계,기업경영상태、공향수익여특정공제권정정향관계;기업경영상태、공향수익、창업기업가사인수익、풍험투자가전략수익여λ1、λ2병비간단적정향혹부향관계,이시수요만족특정적조건시재능반영기변화관계。
By building a theoretical model and using Matlab simulation software,this paper explores the configuration mechanism under the mode of a contingency control in high-tech venture enterprises. Results show that the financing amount of entrepreneurial enterprises obtained and residual control rights were positively correlated,this factor and special control rights were negatively correlated; liquidation value,entrepreneurial enterprise earnings,probability of project success and residual control rights were negatively correlated,these factors and special control rights were positively correlated; residual claim rights venture capitalists obtained,fixed Income were negatively correlated; venture firm＇s natural state,shared benefits and special control rights were positively correlated; the relationship between venture firm＇s natural state,shared benefits,private benefits of entrepreneurs,venture capitalist＇s strategic benefits and residual control rights,special control rights are not a simple positive or negative relationship,it need to meet certain conditions to reflect changes.