haku: @author Inderst, R. / yhteensä: 13
viite: 9 / 13
| Tekijä: | Inderst, R. Müller, H. M. |
| Otsikko: | The effect of capital market characteristics on the value of start-up firms |
| Lehti: | Journal of Financial Economics
2004 : MAY, VOL. 72:2, p. 319-356 |
| Asiasana: | Bargaining Capital markets Competitive equilibrium Venture capital |
| Vapaa asiasana: | Start-up firm |
| Kieli: | eng |
| Tiivistelmä: | The authors develop an equilibrium model of contracting, bargaining, and search in which the relative scarcity of venture capital affects the bargaining power of entrepreneurs and venture capitalists. This in turn affects the pricing, contracting, and value creation in start-up companies. The article characterizes both the short- and long-run dynamics of the venture capital industry. |
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