【作者】 张杰；

【导师】 高正平；

【作者基本信息】 天津财经大学 ， 金融学， 2011， 博士

【摘要】 全球金融危机的爆发广泛而深刻地影响着世界经济的发展,2009年第二季度以后,全球经济渡过金融危机的恐慌时期,进入了缓和与动荡、挑战与机遇共存的“后危机时代”。美国颁布了国家创新战略和出口战略,欧盟推出了2020战略,俄罗斯提出了现代化战略,经济转型已经成为新一轮国际竞争的焦点。私募股权基金作为金融创新和产业创新的结果,近年来在全球金融市场中扮演着十分重要的角色,不但提供了新的投融资渠道,还有力推动了国民经济的发展,在许多国家已经成为继银行贷款和IPO之后的第三大融资工具。在后危机时代,私募股权基金行业的发展也面临着新的机遇与挑战,深入研究这些新情况和新问题,特别是我国私募股权基金在经济建设中的积极效应,发展趋势和存在问题,探索我国私募股权基金健康发展之路,从而实现经济转型与可持续发展的目标,不仅仅是理论问题,而且具有非常重要的现实意义。论文围绕后危机背景下我国私募股权基金发展状况和一系列问题,提出我国私募股权基金发展的四步走战略,三主体区别对待,三层次共同作用的发展思路,从内部治理、外部环境、政府作用三方面系统研究了我国私募股权基金发展问题,论文的研究内容包括三部分：第一部分为理论基础,从经济学理论上对私募股权基金的概念、发展理论进行阐述,为全文的研究奠定理论基础。第二部分为后危机时代我国私募股权基金的发展状况与主要问题,这一部分对后危机背景下我国私募股权基金发展现状、特点、趋势和主要问题进行系统研究,找出症结所在,既而探索我国私募股权基金健康发展的路径。第三部分为后危机时代我国私募股权基金发展路径探讨,结合国情提出我国私募股权基金发展的四步走战略,三主体区别对待,三层次共同作用的发展思路,从内部治理、外部环境、政府作用三方面系统提出后危机时代我国私募股权基金健康发展所需条件与现实选择,并给出一系列切实可行的解决方案。更多还原

【Abstract】 Global finance crisis has made widespread and deep influences to the world economy development. After 21nd quarter,2009,the global economy goes through the panic era of the crisis and get into the post-crisis era. U.S.A. published the national innovation strategy and export strategy, E.E.C. put out 2020 strategy, and Russia presented the modernization strategy, Economic transformation has become the central issue of international competition. Private equity funds as a new innovation of finance and industry has played a key role in the global financial market, it not only provides a new channel to investing and financing area, but also pushes the national economy development powerfully. In many countries, Private equity funds has become the third main way in financing after bank loans and IPO. In the post-crisis era, the development of private equity funds faces new challenges and threats. It’s essential to research the situations and problems of private equity funds, specially, research the positive effects in economy construction, development trends and existing problem in our country, as to explore the possible way to develop China private equity funds. The paper is aimed at the situations and problem of China private equity funds in the post-crisis era, from inner governance, outer circumstances and government function to systematic research the development of China private equity funds. The paper includes three parts:Part one is the theory foundation. It expounds the concept, development theory of private equity funds from economic theory to build the theory foundation for the whole paper.Part two is the situations and problem of China private equity funds in the post-crisis era. This part systematic studies the situations、characteristic、trends and outstanding problem of China private equity funds in the post-crisis era、to find out the crucial reasons, as to look for the possible path to develop China private equity funds.Part three is the development path and countermeasures on China private equity funds in the post-crisis era. The paper brings out four steps development strategies, also brings forward development thoughts of three main bodies developing in different ways and three aspects working together to make positive effects for the development of China private equity funds. It’s from inner governance, outer circumstances and government function to systematic research the conditions and possible choices to develop China private equity funds, also brings out a series of possible solving plans.更多还原