We consider the financing of a research project under uncertainty about the time of completion and the probability of eventual success. We distinguish between two financing modes, namely relationship financing, where the allocation decision of the entrepreneur is observable, and arm's-length financing, where it is unobservable. We find that equilibrium funding stops altogether too early relativ...

The present work is devoted to the research of investment projects’ financing issues. Within this paper a data analytical tool for an optimal financing schema computation on the basis of solving the multicriterion dynamical problem is being presented. The model reflects the interests of both company and investor receiving maximum profit from the project execution as well as selection of a prior...

Innovation & Prosperity Fund (IPfund) in Iran as a governmental organization aims to develop new technology-based firms (NTBF) by its available resources through financing these firms. The innovative projects which refer to IPfund for financing are in a stage which can receive both fixed rate facilities and partnership in the projects, i.e. profit loss sharing (PLS). Since this fund must protec...