Li, Yanzhao; Guo, Ju'e; Sun, Shaolong; Li, Yongwu - In: Financial innovation : FIN 8 (2022), pp. 1-24
venture capital (VC), this study proposes two kinds of time-inconsistent preferences (i.e., time-flow inconsistency and time … these four types of venture capitalists. The main results include: (1) time-inconsistent preferences accelerate the exits of …