Investigation Research for Design of Securitization Scheme for the Small Business

小企业证券化方案设计的调查研究

• 批准号: 12630123
• 负责人: TERAISHI Masahide
• 金额: $ 1.22万
• 依托单位: Gunma University
• 依托单位国家: 日本
• 项目类别: Grant-in-Aid for Scientific Research (C)
• 财政年份: 2000
• 资助国家: 日本
• 起止时间: 2000 至 2001
• 项目状态: 已结题
• 来源: https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-12630123/
• 关键词: securitization; small business; new venture; SPC; CLO; CBO

There is a growing anxiety about the future of Japanese Economy among the people. Movement which support new venture creation or small business start-ups has been activated by the government, universities and large firms, because new venture is expected to increase opportunities of employment and to lead Japanese industries in the future. Now the promotion of small business start-ups also become a pillar of economic reformation by the government. One of the main part of these policies is structure of venture finance.The purpose of this research is to consider whether securitization scheme make a contribution to the development of venture finance. Securitization scheme may be divided into four types, that is, (1) securitization of assets by venture firms, (2) securitization of loan obligation to firms by banks, (3) securitization of bond obligation to firms by investors, (4) securitization of equities of venture firms by investors. Of these four types, (4) is the most applicable to venture finance.

人们对日本经济的未来越来越感到忧虑。政府、大学和大企业积极开展了支持新企业创建或小企业创业的运动，因为新企业有望增加就业机会，并在未来引领日本产业。如今，促进小企业初创也成为政府经济改革的支柱。本文的研究目的在于探讨证券化制度对风险金融的发展是否有促进作用。证券化方案可分为四种类型，即（1）风险企业资产证券化，（2）银行对企业贷款债务证券化，（3）投资者对企业债券债务证券化，（4）投资者对风险企业股权证券化。在这四种类型中，（4）最适用于风险融资。

项目成果

Masahide Teraishi: ""Can Securitization Scheme Apply to Venture Finance?""Journal of Faculty of Social and Information Studies, Gunma University. Vol. 8. 117-124

寺石正秀：“证券化计划可以应用于风险金融吗？”群马大学社会信息学部学报。

寺石 雅英: "資産証券化スキームのベンチャーファイナンスへの適用可能性"群馬大学社会情報学部研究論集. 第8巻. 117-124 (2001)

寺石正秀：“资产证券化方案在风险融资中的适用性”群马大学社会信息学部研究论文，第 8 卷，117-124（2001 年）。