أعرض تسجيلة المادة بشكل مبسط
dc.creator |
Schertler, Andrea |
|
dc.date |
2002 |
|
dc.date.accessioned |
2013-10-16T06:56:42Z |
|
dc.date.available |
2013-10-16T06:56:42Z |
|
dc.date.issued |
2013-10-16 |
|
dc.identifier |
http://hdl.handle.net/10419/17781 |
|
dc.identifier |
ppn:351270655 |
|
dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/17781 |
|
dc.description |
This paper analyses the impact of public equity schemes on venture capitalist?s incentives to finance start-up enterprises and to support the management teams. In a double-sided moral hazard model, it is shown that experienced venture capitalists, who have already financed start-up enterprises, reduce their intensity of management support under public equity schemes. However, public equity offers inexperienced venture capitalists, who have not yet financed start-up enterprises because of insuf-ficient experience, incentives to enter the venture capital market so that they can start to accumulate experience. |
|
dc.language |
eng |
|
dc.publisher |
Kiel Institute for the World Economy (IfW) Kiel |
|
dc.relation |
Kieler Arbeitspapiere 1117 |
|
dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
dc.subject |
L14 |
|
dc.subject |
G28 |
|
dc.subject |
G24 |
|
dc.subject |
D82 |
|
dc.subject |
ddc:330 |
|
dc.subject |
Double-sided moral hazard |
|
dc.subject |
public equity |
|
dc.subject |
venture capital |
|
dc.subject |
Risikokapital |
|
dc.subject |
Öffentliche Kapitalbeteiligung |
|
dc.subject |
Subvention |
|
dc.subject |
Unternehmensgründung |
|
dc.subject |
Finanzierungstheorie |
|
dc.subject |
Moral Hazard |
|
dc.subject |
Theorie |
|
dc.title |
Venture Capitalists Investment Incentives Under Public Equity Schemes |
|
dc.type |
doc-type:workingPaper |
|
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أعرض تسجيلة المادة بشكل مبسط