资源描述：
《私募股权基金的运作机制研究外文文献翻译》由会员上传分享，免费在线阅读，更多相关内容在工程资料-天天文库。
1、毕设附件：外文文献原文+译文文献出处MarcusA.Thestudyontheoperatingmechanismofprivateequityfunds[J].StrategicManagementJournal,2016,3(2):155-165.原文ThestudyontheoperatingmechanismofprivateequityfundsMarcusAAbstractPrivateEquityfundinvestmentcapitalbelongstothePrivateEquitycapital(Equity,PE).Privateequitycapit
2、alisalsocalledprivateequitycapital,isthroughtheformofprivateinvestmentinequitycapitalofaprivateenterprise,intheimplementationoftradinginvolvestakingintoaccountthefutureexitmechanism,throughlisting,mergerormanagementrepurchase,sellanyprofit.Thispaperanalyzesthemechanismofprivateequityfunds,
3、fundingsources,respectively,organizationformandtheinvestmentprocess,etcarediscussedinthispaper,especiallysummarizestheadvantageofthelimitedpartnership,andprobesintothefundselfprotectionmechanismsintheinvestmentprocess,finally,thecharacteristicsofprivateequityinvestment.Keywords:Privateequi
4、ty;Limitedpartnership;Operationmechanism1IntroductionPrivateEquityfundsbelongtofinancialinvestors.Andthecorrespondingfinancialinvestorisstrategicinvestors-Thetwoisthepersonificationoftheprivateequitycapital,representingdifferentmotives.Privateequityfundasafinancialinvestor,althoughthereisa
5、industryorientationandrichindustryexperienceandresources,butmostsimplypay,inadditiontoparticipateintheenterprise^importantstrategicdecision-making,generallydonotparticipateinthedailyoperationandmanagement,isunlikelytobecomeapotentialcompetitors-Pickoutthegoodmanagementandhighgrowthandhasre
6、liablemanagementteaminvestmentiscriticalforthem,becauseonceinvestment,financialinvestorstoinvestintheirownareoftenmoredifficulttocontrol.Manyinvestmentfundstendtorequiretheyappointedchieffinancialofficerofthejointventure,inordertoensuretheirunderstandingoftheenterpriserealfinancialsituatio
7、n.Financialinvestorsshortinvestmenthorizonoffiveyears,tenyearslong.Comparedwithstrategicinvestors,theypaycloseattentiontoexpandmarketshare,tobuildindustrychain,industryconsolidation,andotherlong-termdevelopmentstrategy,financialinvestorsfocusonthereturnoninves
