摘要：近年來，伴隨著中國中小企業的高速發展，其中不少企業已經成為國內經濟的新增長點。同時，由于組織結構、公司制度以及經營風險的特殊性，引入VE/PE機制逐漸成為企業成長的重點。本文旨在對中小型企業板引入VC/PE投資對其發展的利弊進行研究。首先，企業業務收入和凈利潤的增長率被選定為定量指標來衡量企業的成長。之后，通過比較和分析有VC/PE背景的企業與無VC/PE背景的的經濟增長能力與其承擔風險得出引入該機制的優劣結論。本文將運用比較企業財務數據的方法分析得出結論。

關鍵字：VE/PE  利弊分析  財務數據

Abstract:In recent years, with the rapid development of small and medium-sized enterprises in China, the partial enterprises have been constructed to be the new power to promote the domestic economic growth. However, due to the particularity of organization structures, corporate standards and business risks, the participation of VC and PE institutions is very important for the development of enterprises. This paper aims to draw conclusions of advantages and disadvantages about VC/PE which small and medium-sized enterprise wildly used. Firstly, the growth rate of business income and net profit are selected as the quantitative indexes to measure the enterprise growth. Secondly，by comparing and analysis the ability of enterprises growth and risk , it is found that the pros or cons between the business of VC/PE background and non-VC/PE background. This paper will use more enterprise financial data method to analyze the conclusions.

Key Words：VE/PE  the advantages and disadvantages  Financial data

企業上市前引入VC/PE有利有弊，在風險投資及私募股權投資飛速發展的今天，VC/PE以成為中國經濟發展的重要部門，盡管有許多潛在的弊端，但是并不能作為反對的理由。而對于企業來說，VC/PE永遠只能起到輔助作用，企業只有提高自身競爭力才是硬道理。