Analysis of Several Kinds of Venture Capital Incentive Models
|Keywords||Venture Capital Principal-agent Excitation Investment system model Investment Strategy Stability|
Risk investment is of great significance to the development of the economy . In this paper, the knowledge of the stability and power systems , types of incentive model and the risk of multi- stage investment stability of venture capital to do the research . First, the risk of investment in the principal-agent theory , incentive theory , and dynamical systems theory made ??some introductory remarks . Followed from venture capitalists and Entrepreneur agency relationship improved traditional commissioned agent model and discuss analysis derived optimal solution to meet the conditions , by constructing a Hamiltonian function , staff incentive premise , to ensure that the venture capitalists and risk entrepreneurs maximize returns . Once again, the introduction of the traditional Ramsay consumer model to a multi-stage venture capital , the establishment of a multi-stage investment decision-making model for the purpose of maximizing economic profit , stability theory to investigate the existence of the equilibrium solution , discuss the equilibrium point at the control of the allocation problem . And multi-stage investment in the expansion of stochastic dynamical systems theory to find a fixed point of the system to meet the investment expression , a certain sense of real economic activity . The last of the main research work briefly summarize , and Looking to the future direction of development .