haku: @author Barney, J. / yhteensä: 4
viite: 4 / 4
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| Tekijä: | Barney, J. |
| Otsikko: | The relationship between venture capitalists and managers in new firms: determinants of contractual covenants |
| Lehti: | Managerial Finance
1994 : VOL. 20:1, p. 19-30 |
| Asiasana: | VENTURE CAPITAL MANAGERS COMPANIES CONTRACTS |
| Kieli: | eng |
| Tiivistelmä: | Two types of opportunism, managerial and competitive, are described. Contractual covenants that control these types of opportunism are used when they are likely to occur, i.e., when there are obstacles to monitoring management behavior and when returns to starting new firms are large. These ideas are subjected to empirical test. The purpose of this paper is to understand the determinants of the formal contractual arrangements between managers in new firms and venture capitalists. This research is embedded in the organizational economics paradigm (Barney and Ouchi, 1986). |
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