高成长性企业

中国高成长性企业的文化战略模式探析

The Cultural Strategic Model of Chinese High-growth Business

我国创业板作为主板的重要补充部分，给我国高科技、高成长性企业提供了良好的融资平台。

GEM provide good financing platform for high-tech , high growth enterprises in our country as a main supplementary part to the mainboard .

根据创业板市场中小高科技企业和高成长性企业的特点，设计了包括财务潜力、人力资本力量、市场和公共关系能力、技术与创新能力4个层面20项指标构造的成长性评价体系；

According to the characters of high-tech and high-growth SEM on GEM , a growth evaluation system including 20 indexes of 4 fields was designed .

佐勒称，凯南-弗拉格勒商学院将重点放在培养学生在高成长性企业担任管理职位，或者成为创业型以及成长型企业的出资人。

Kenan-Flagler is putting an emphasis on preparing students to enter executive positions in high-growth companies , or becoming funders of entrepreneurial and expanding businesses , Zoller says .

2009年10月我国为自主创新国家战略提供融资平台，建设多层次的资本市场体系，扶持中小企业，尤其是高成长性企业，推出了创业板市场。

October 2009 National Strategy for independent innovation in China to provide financing platform for building multi-level capital market system , to support SMEs , particularly high-growth enterprises , launched the Growth Enterprise Market .

产业投资基金是一种主要对国民经济的基础产业、支柱产业、关键行业及高成长性企业提供资本支持与服务，并从事资本经营和监督的集合投资工具。

The Industrial investment fund is likely a kind of collective investment tool as to support and serve the basic and pillar industries , as well as developing industry in high speed , meanwhile , it runs and controls capital as well .

高成长性企业的投资机会多，在其高速成长阶段，若不注重自身资本结构的优化，一味地追求规模、盲目扩张，则会对企业自身及相关利益者造成重大损失。

Enterprises in higher growth generally obtain more investment opportunities . During their high-speed growth stage , however , heavy losses will be caused to their own and stakeholders if they take no count of capital structure optimization and pursue greater scale and blind expansion .

当前，我国经济正处于高速发展的阶段，有一大批的高成长性企业，因此从成长性的角度来考虑公司治理行为对我国经济发展具有较大的前瞻性和现实意义。

Currently , the Chinese economy is enjoying its fast development , and there are a host of highly growing corporations , therefore , it is foresighted and significant to reckon with the impact of corporation governance on the economic development from the respective of Corporation Growth .

成立于1999年11月15日的香港创业板市场，担负着促进香港地区高科技和高成长性企业的发展、带动整个香港经济结构的调整和改善证券市场上市公司结构等特殊任务。

The Hong Kong Growth Enterprise Market ( HKGEM ) established on November 15 1999 undertake the special tasks to promote the development of Hi-Tech and start-up enterprises in Hong Kong , drive the adjustment of the Hong Kong economic structure and the listing corporate structure of the security market .

风险资本是投入到具有高成长性风险企业中的一种权益资本，其根本目的是为了获得高额投资收益。

Venture capital is a kind of equity capital which is invested into the venture-backed companies of high-tech in order to gain superprofit .

且无论在哪个市场增发，具有高成长性的企业其增发后股票长期市场表现都会更加优异。

No matter in which market , the long-term stock market performance after issuing will be more outstanding for the enterprises with high growth .

深圳股票交易所中小企业板正式启动，为中国中小企业上市融资提供了渠道，特别是具有发展潜力的高成长性中小企业提供了一条新的融资渠道。

The startup of SME market in Shenzhen Stock Exchange offers a channel to the financing for Chinese SME , especially the company growing highly .

它是向主要属于科技型的高成长性创业企业提供股权资本，并为其提供经营管理和咨询服务，以期在被投资企业发展成熟后，通过股权转让获取中长期资本增值收益的投资行为。

It offers equity capital to high-growth venture enterprises which are mainly science and technology ones , provides management and consultant service for venture enterprises in order to acquire mid-term and long-term capital gains by transferring stock after venture enterprises grow up .

创业资本是投向高成长性的创业企业的权益资本。

Venture capital is equity capital , which is invested in start-up firms of high growth potentiality .

本文认为，成长型企业的本质在于其高成长性，而企业的高速成长必然伴随着高风险。

The nature of growth enterprise is high growth and they must be accompanied by the rapid growth of high-risk .

二板市场主要服务于具有高新技术含量和高成长性的中小企业，表现在上市标准上也较主板市场宽松得多。

Second board aims at those companies , which have the prospect of developing and high scientific and technological content .

创业板，相对于主板而言，是为创新型、高成长性的中小企业而设计的融资市场。

Compared to main security markets , Growth Enterprise Market is a security market designed for the financing of those small and medium enterprises which are innovative and high-growth .

创业板上市公司这一高成长性的中小企业群体，也有着区别于主板市场上市公司的独特性，其股利政策方面需要研究的问题还很多。

Companies listed on GEM as groups of high-growth small and medium-sized enterprise , also have uniqueness from the Main Board listed companies , so there are many problems need to be studied .

健全的风险投资机制可以有效发挥风险基金与风险企业相互制衡的作用，提高风险资本的运作效率，凸显高成长性科技型企业的市场价值。

A sound venture investment mechanism will effectively extend the role of mutual coercion between venture investment funds and risk enterprises , promote the operational efficiency of venture capital and give conspicuity to the market - value of high - growth scientific enterprises .

而高融资约束组中低成长性企业和低融资约束组中高成长性企业存在严重的过度投资状况，这与西方自由现金流假说相符。

And higher financing constraints group of low-growth enterprises and low financing constraint group of high-growth enterprises , there is a serious over-investment situation , which is consistent with Western free cash flow hypothesis .

分组研究结果表明，高融资约束组的高成长性企业和低融资约束组的低成长性企业存在投资不足，这与信息不对称理论相符。

Group research shows that higher financing constraint group of high-growth enterprises , and low financing constraint group of low-growth enterprises , there is insufficient investment , which is consistent with asymmetric information theory .

高新技术以其独特的高收益、高成长性受到了企业的广泛重视，但高新技术项目常常伴随着高失败率，高竞争和各个环节的众多不确定性因素等风险。

With its peculiarly high profitability and high growth , new-high technology attracts much attention from enterprises . But , high failure , severe competition and many uncertain factors always accompany with new-high technology industrialization .

完善、有序的场外交易市场，可以为那些高风险性与高成长性的中小型企业提供便捷的融资渠道，为风险投资者提供投资场所。

A regulated OTC market can give a convenient financing channel to those small and middle-scale enterprises and good chances to investors .