Replacing Management or Not: Contract Renegotiation to Prevent Double Moral Hazards of Venture Capital Investments

نویسندگان
چکیده

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Syndication Networks and the Spatial Distribution of Venture Capital Investments

Sociological investigations of economic exchange pay particular attention to the manner in which institutions and social structures shape transactions among economic actors. Extending this line of inquiry, we explore how interfirm networks in the US venture capital (VC) market from 1986 to 1998 affect the spatial patterns of exchange. We present evidence suggesting that geographic and industry ...

متن کامل

Study on the Transnational Venture Capital Investments: A Theoretical Framework

Starting from reviewing the transnational venture capital investment phenomena, this article points out the necessity to study the transnational venture capital investment, and establish a theoretical framework about the research of the transnational venture capital investment. The framework is composed by the entry system that both investors and attractors find the values of the venture capita...

متن کامل

Optimizing venture capital investments in a jump diffusion model

We study a practical optimization problems for venture capital investments and/or Research and Development (R&D) investments. The first problem is that, given the amount of the initial investment and the reward function at the initial public offering (IPO) market, the venture capitalist wants to maximize overall discounted cash flows after subtracting subsequent (if needed) investments. We desc...

متن کامل

Returns to Venture Capital

The returns to private equity investment have become a vexed issue, attracting widespread debate in the media, government, and among researchers. Much of the attention has focused on later-stage buyout investments, but there is a general move towards greater transparency and disclosure of the returns to both early and late-stage venture capital (VC) investments. Shortcomings in the information ...

متن کامل

Staged Financing in Venture Capital: Moral Hazard and Risks

This paper investigates staged ... nancing in an environment where an entrepreneur faces an imperfect capital market and an investor faces moral hazard and uncertainty. Staged ... nancing plays two roles in this model: to control risk and to mitigate moral hazard. Using parametric functions and comparing staged ... nancing with upfront ... nancing, we discover a few interesting properties of st...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Scientific Programming

سال: 2021

ISSN: 1875-919X,1058-9244

DOI: 10.1155/2021/9974235