haku: @indexterm DECISION MAKING / yhteensä: 3774
viite: 761 / 3774
| Tekijä: | Fee, C. E. |
| Otsikko: | The Costs of Outside Equity Control: Evidence from Motion Picture Financing Decisions |
| Lehti: | Journal of Business
2002 : OCT, VOL. 75:4, p. 681-712 |
| Asiasana: | COSTS FINANCING SMALL BUSINESS DECISION MAKING |
| Kieli: | eng |
| Tiivistelmä: | Recent theoretical work suggests that outside investor control may have costs as well as benefits, particularly in small, entrepreneurial firms. The possibility of investor opportunism can reduce an entrepreneur's incentives to invest personal effort into the firm. The author investigates this issue in the context of motion picture financing decisions. Filmmakers face the choice of using studio financing (and giving up control) or of obtaining independent financing (and retaining control). The author finds that independent financing is more common when a filmmaker's private artistic stake in a film is high and also for films requiring a relatively high level of creative effort. |
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