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Venture Capital Contracting and Syndication: An Experiment in Computational Corporate Finance

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NBER2005-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11624
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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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2005-09-01
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