私募股权二级市场结构与交易定价思路研究

发布时间：2018-06-26 08:22

本文选题：私募股权二级市场 + 投资组合交易　；参考：《上海交通大学》2014年硕士论文

【摘要】：私募股权二级市场是私募股权基金权益的交易场所，也是近年来逐步受到重视的一个退出渠道。其对促进私募股权一级市场和整个行业的发展有着重要的作用。尽管私募股权二级市场早已存在，但对私募股权基金的投资组合的转让交易的研究是一个全新的学术领域，国际上并没有专门的文献单独对此进行过论述，，更缺乏对两个市场间相互作用影响的分析。本文对私募股权投资组合交易过程中的买卖两方的影响因素进行了分析，得出私募股权二级市场的存在将有助于私募一级投资市场中基金对企业价值发现的结论，回答了私募股权二级市场的存在意义和影响市场的相关因素。对实际操作中的交易定价的考量有很强的现实指导意义。本文的主要内容包括私募股权二级市场的历史背景、市场结构、影响驱动因素以及对于一二级市场相互之间作用的总结。
[Abstract]:The secondary market of private equity is the trading place of private equity fund, and it is also an exit channel that has been paid more and more attention in recent years. It plays an important role in promoting the development of private equity market and the whole industry. Although the secondary market of private equity has existed for a long time, the research on the transfer of portfolio of private equity funds is a new academic field, which has not been discussed separately in the international literature. There is also a lack of analysis of the interaction between the two markets. This paper analyzes the influence factors of two parties in the process of private equity portfolio trading, and draws the conclusion that the existence of the secondary market of private equity will be helpful to the discovery of the value of fund to enterprise in the private equity primary investment market. It answers the significance of private equity secondary market and the related factors that affect the market. The consideration of transaction pricing in practice has a strong practical significance. The main contents of this paper include the historical background of the private equity secondary market, market structure, influencing factors and a summary of the interaction between the primary and secondary markets.
【学位授予单位】：上海交通大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.51

【参考文献】