haku: @indexterm FINANCIAL THEORY / yhteensä: 142
viite: 22 / 142
| Tekijä: | Hellmann, T. |
| Otsikko: | A theory of strategic venture investing |
| Lehti: | Journal of Financial Economics
2002 : MAY, VOL. 64:2, p. 285-314 |
| Asiasana: | Strategic planning Venture capital Financial theory |
| Kieli: | eng |
| Tiivistelmä: | The paper examines a model where a strategic investor can achieve synergies, but can also face a conflict of interest with the entrepreneur. If the start-up is a complement to the strategic partner, it is opitimal to obtain funding from the strategic investor. The expected returns for the entrepreneur are nonmonotonic, lowest for a mild substitute, and higher for s strong substitute as well as a compliment. |
SCIMA