How Do Legal Differences and Learning Affect Financial Contracts?
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We analyze venture capital (VC) investments in twenty-three non-U.S. countries and compare them to VC investments in the U.S. We describe how the contracts allocate cash flow, board, liquidation, and other control rights. In univariate analyses, contracts differ across legal regimes. At the same
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美国国家经济研究局创建时间：
2003-11-01
