search query: @author Reid, G. / total: 5
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| Author: | Reid, G. Terry, N. Smith, J. |
| Title: | Risk management in venture capital investor-investee relations |
| Journal: | European Journal of Finance
1997 : MAR, VOL. 3:1, p. 27-48 |
| Index terms: | FINANCE MANAGEMENT RISK |
| Language: | eng |
| Abstract: | This paper provides an empirical analysis of risk handling arrangements adopted in the relationship between the venture capital investor and his investee. The theoretical framework adopted is principal-agent analysis, which views the investee as a risk averse agent entering into a risk sharing contract with the investor, a risk neutral principal. The sample analysed is made up of twenty venture capital investors in the UK over the period 1992-93, and (where available) their corresponding investee(s). |
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