论文部分内容阅读
风险资本和金融资本在向企业注资时,会介入其经营管理全过程并提供某些增值服务,但它不可能以母鸡般的耐心长期“孵化”一家企业。短则三五载,长则七八年,它总归是要退出的,或通过IPO,或通过转让。因此,这种以“投入-回收-再投入”的方式不停运作的金融资本,解决不了整个产业的困境。相反,为了变现,风险资本可能把经营前景良好的公司搞得面目全非。 但产业资本就不同了——对于企业的经营者而言,是没有通道可退,也没有出口可撤的。他必须潜下心来,老实地赚取利润,而不是热衷于资本运营和概念炒作。
When injecting capital into venture capital, venture capital and financial capital will intervene in the whole process of their operation and management and provide some value-added services. However, it is impossible for them to “incubate” a company with hen-like patience. Short three to five years, long seven or eight years, it is always to be withdrawn, or through the IPO, or through the transfer. Therefore, this non-stop operation of financial capital in the form of “input-recovery-reinvestment” can not solve the plight of the entire industry. On the contrary, venture capital may turn a company with a good business outlook into a monstrous performance in order to realize it. But the industrial capital is different - for the business operators, there is no way to retreat, there is no export retreat. He must have the courage to earn profit honestly, not keen on capital operation and conceptual speculation.