Anda belum login :: 11 Jun 2025 20:42 WIB
Home
|
Logon
Hidden
»
Administration
»
Collection Detail
Detail
Characteristics, Contracts, And Actions : Evidence from Venture Capitalist Analyses
Oleh:
Stromberg, Per
;
Kaplan, Steven N.
Jenis:
Article from Journal - ilmiah internasional
Dalam koleksi:
The Journal of Finance (EBSCO) vol. 59 no. 5 (Oct. 2004)
,
page 2177-2210.
Topik:
EVIDENCE
;
studies
;
venture capital companies
;
portfolio investments
;
risk
;
advantages
Fulltext:
p 2177.pdf
(168.76KB)
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ88
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
We study the investment analyses of 67 portfolio investments by 11 venture capital (VC) firms. VCs describe the strengths and risks of the investments as well as expected postinvestment actions. We classify the risks into three categories and relate them to the allocation of cash flow rights, contingencies, control rights, and liquidation rights between VCs and entrepreneurs. The risk results suggest that agency and hold - up problems are important to contract design and monitoring, but that risk sharing is not. Greater VC control is associated with increased management intervention, while greater VC equity incentives are associated with increased value - added support.
Opini Anda
Klik untuk menuliskan opini Anda tentang koleksi ini!
Kembali
Process time: 0.015625 second(s)