控制权配置是影响风险投资合约效率的关键因素。本文以控制权理论发展演进为脉络，介绍了国外风险投资合约设计中控制权配置的经典模型及经验证据，主要包括控制权静态配置模型、控制权相机但离散转移模型、控制权相机且连续转移模型等，并对各模型适用条件和范围进行了简要评述。最后，论文还结合国内研究现状指出了现有研究存在的局限及可能的改进方向。

The allocation of control rights is the key to affect the efficiency of Venture Capital(VC) contract. According to the advancement of control rights theory, several classical models about allocation of control rights in VC contract and their corresponding empiricial results are introduced, these models include the basic model about static allocation of control rights, the model about contingent but discontinuous transfer of control rights, and the model about sequential and contingent transfer of control rights, etc. And then, the application conditions for these models are discussed. At last, the limitation of existing literature and the research trend in future are pointed out.