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Financing and Advising: Optimal Financial Contracts with Venture Capitalists

โœ Scribed by Catherine Casamatta

Book ID
110693238
Publisher
John Wiley and Sons
Year
2003
Tongue
English
Weight
217 KB
Volume
58
Category
Article
ISSN
0022-1082

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๐Ÿ“œ SIMILAR VOLUMES

Financing and Advising: Optimal Financia
Financing and Advising: Optimal Financial Contracts withVenture Capitalists
โœ Casamatta C. ๐Ÿ“‚ Library ๐Ÿ“… 2003 ๐ŸŒ English โš– 224 KB

This paper analyses the joint provision of e¡ort by an entrepreneur and by an advisor to improve the productivity of an investment project.Without moral hazard, it is optimal that both exert e¡ort.With moral hazard, if the entrepreneur's e¡ort is more e⁄cient (less costly) than