TITLE:
The Research on the Government Industry Guidance Fund Performance Evaluation
AUTHORS:
Yifei Gong, Kexin Zhang, Qingmei Yuan, Kaixin Luo
KEYWORDS:
Government Guidance Fund, Performance Evaluation, Evaluation Indicators
JOURNAL NAME:
Modern Economy,
Vol.10 No.12,
December
10,
2019
ABSTRACT: Government-led fund is an effective way to market
the financial support and can become an important equity financing channel for
emerging industries. At present, the operation mechanism of the domestic
government-led fund is not perfect, and the performance evaluation system needs
to be established and perfected. The basic principle of government-led fund
performance evaluation should be conducive to improving the efficiency of fund
operation, guiding the flow of funds to the key areas and weak links of
emerging industries, and regulating the behavior of fund management subjects.
The performance evaluation system of government-led fund is composed of three
major indicators: policy objective, management level and economic benefit.