| ABSTRACT | 第4页 |
| CHAPTER 1. INTRODUCTION | 第7-25页 |
| 1.1 Research importance and questions | 第7-9页 |
| 1.1.1 Significance of the research | 第7-8页 |
| 1.1.2 Research questions and goals | 第8-9页 |
| 1.2 Research structure and methodology | 第9-12页 |
| 1.2.1 Research methodology | 第9-10页 |
| 1.2.2 Research structure | 第10-12页 |
| 1.3 Literature review | 第12-25页 |
| 1.3.1 Typical model of venture capital financing | 第12-18页 |
| 1.3.2 Drivers of VC market:institutional environment is a key | 第18-21页 |
| 1.3.3 VC in emerging economies:impact of institutional environment | 第21-25页 |
| CHAPTER 2.THEORETICAL AND HISTORIC PERSPECTIVE ONVENTURE CAPITAL | 第25-37页 |
| 2.1 Theoretical perspective | 第25-31页 |
| 2.1.1 Typical model of venture capital cycle | 第25-31页 |
| 2.2 Historic perspective on venture capital in China and Russia | 第31-37页 |
| 2.2.1 Venture capital development in Russia | 第31-33页 |
| 2.2.2 Venture capital development in China | 第33-37页 |
| CHAPTER 3:COMPARATIVE STUDY OF THE VC INDUSRTYKEY DRIVERS AND INSTITUTIONAL ENVIRONMENT INCHINA AND RUSSIA | 第37-55页 |
| 3.1 Key drivers of venture capital market in the US,China and Russia | 第37-40页 |
| 3.2 Comparison of institutional development paths of China and Russia | 第40-42页 |
| 3.3 Instituional and regulatory VC environment in the US,China and Russia | 第42-55页 |
| 3.3.1 VC related tax treatment | 第43-46页 |
| 3.3.2 Legal structuring of venture capital funds | 第46-51页 |
| 3.3.3 Other VC fund regulations | 第51-55页 |
| CHAPTER 4:VENTURE CAPITAL FIRMS' ADAPTINGSTRATEGIES AND PRACTICES IN CHINA AND RUSSIA | 第55-79页 |
| 4.1 Investment objectives and VC fund life time | 第55-57页 |
| 4.2 Funding sources available for venture capital funds | 第57-58页 |
| 4.3 Impact of VC fund legal structure on investments made | 第58-59页 |
| 4.4 Due diligence and selection process of potential portfolio companies | 第59-64页 |
| 4.5 Structuring the deal and monitoring the portfolio company | 第64-70页 |
| 4.5.1 Structuring the deal | 第64-68页 |
| 4.5.2 Monitoring the portfolio company | 第68-70页 |
| 4.6 Adding value activities of VC to the portfolio firm | 第70-72页 |
| 4.7 Exit practices | 第72-79页 |
| CHAPTER 5.CONCLUSIONS,RECOMMENDATIONS ANDOPPORTUNITIES FOR FURTHER RESEARCH DEVELOPMENT | 第79-85页 |
| 5.1 Conclusions and recommendations | 第79-82页 |
| 5.2 Opportunities for further research development | 第82-85页 |
| REFERENCES | 第85-91页 |
| APPENDICES | 第91-95页 |
| ACKNOWLEDGEMENTS | 第95页 |
