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风险投资作为具有高风险、高收益性的投资形式,要求其过程系统中的激励机制和约束机制相对称.有限合伙制是具有合理的激励机制和有效的约束机制的法律制度,其在风险投资的融资、投资、撤资的过程中展现的是风险制约与收益对称的现代新经济内涵的机理.本文从有限合伙制与公司制、普通合伙制的比较入手,表明在风险投资这一独特领域,有限合伙制相比于公司制、普通合伙制有着无与伦比的优越性,并且风险投资的特性蕴含于有限合伙制的设计中,有限合伙制是适合于风险投资的最佳组织形式,也最符合风险投资的过程系统的需求.
As a high-risk and high-profit investment form, venture capital requires that the incentive and restraint mechanisms in its process system are relatively symmetrical.Load partnership is a legal system with reasonable incentive mechanism and effective restraint mechanism, Financing, investment and divestment process shows the mechanism of modern new economic connotation of risk control and income symmetry.Based on the comparison between limited partnership system and company system and general partnership system, this paper shows that in the unique field of venture capital, Compared to the limited partnership system, the general partnership has unparalleled superiority, and the characteristics of venture capital are contained in the design of limited partnership, limited partnership is the best form of organization suitable for venture capital, but also the most suitable risk Investment in the process of system requirements.