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Book Cover
E-book
Author Jung-Senssfelder, Karoline

Title Equity financing and covenants in venture capital : an augmented contracting approach to optimal German contract design
Published Wiesbaden : Deutscher Universitäts-Verlag : GWV Fachverlage, 2006

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Description 1 online resource
Series Ebs-Forschung - Schriftenreihe der European Business School Schloss Reichartshausen ; 58
Ebs-Forschung - Schriftenreihe der European Business School Schloss Reichartshausen ; 58
Contents Venture Capital and Contracting -- Review of Academic Literature -- Contract Design Approach to Cash Flow Incentive Mechanisms -- Empirical Evidence on Contractual Architecture -- Synthesis -- Conclusion
Summary Venture capital contracts define the rules of the investment for the venture capitalist and the portfolio company. They therefore have the potential to impact the success of the business and the venture capitalist's return. For this reason, contracts have recently attracted great research interest. Karoline Jung-Senssfelder presents the first augmented contracting analysis, focusing on the interaction of both, financial instruments and covenants, in the creation of incentives to the contracting parties. With a focus on the German market, she integrates the findings of her model-based theoretical and survey-based empirical analyses to derive value-adding implications for an incentive-compatible contract design in the German venture capital market
Analysis economie
economics
bedrijfswetenschap
management science
finance
bankwezen
banking sector
Management studies, Business Administration, Organizational Science (General)
Economics (General)
Management, bedrijfskunde, organisatiekunde (algemeen)
Economie (algemeen)
Bibliography Includes bibliographical references
Notes Print version record
Subject Venture capital.
BUSINESS & ECONOMICS -- Industrial Management.
BUSINESS & ECONOMICS -- Management.
BUSINESS & ECONOMICS -- Management Science.
BUSINESS & ECONOMICS -- Organizational Behavior.
Affaires.
Science économique.
Economie de l'entreprise.
Venture capital
Form Electronic book
ISBN 9783835091887
3835091883