Venture Capital Contracting and Syndication: An Experiment in Computational Corporate Finance
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This paper develops a model to study how entrepreneurs and venture-capital investors deal with moral hazard, effort provision, asymmetric information and hold-up problems. We explore several financing scenarios, including first-best, monopolistic, syndicated and fully competitive financing. We solve
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美国国家经济研究局创建时间:
2005-09-01



