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高科技企业金融市场融资模式主要有三种:美国模式、日本模式、德国模式。美国的市场经济被认为是现代市场经济的典范,它是以私人资本为基础、以充分竞争、反对垄断保证效率,以法律制度和政府适度干预来维持市场秩序的一种市场经济模式。因此,企业获得资金主要是通过证券市场这个渠道,从而形成证券市场主导型的融资模式。本文这三种模式进行了对比研究,以企探讨其公性和个性。
There are mainly three financing modes for high-tech enterprises in the financial markets: the U.S. mode, the Japanese mode and the German mode. The market economy in the United States is regarded as a model of a modern market economy. It is a market economy based on private capital and fully competitive. It opposes the effectiveness of monopoly guarantees and maintains a market order through legal system and moderate government intervention. Therefore, the enterprises get the funds mainly through the securities market this channel, thus forming the securities market-oriented financing model. The three models of this article were compared to study the public and private enterprises.