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Contractual relations between European VC-funds and investors : the impact of reputation and bargaining power on contractual design
Schmidt, Daniel (contributor); Wahrenburg, Mark (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001919095
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Insuring the uninsurable: brokers and incomplete insurance contracts
Doherty, Neil A.; Muermann, Alexander - Center for Financial Studies - 2005
How do markets spread risk when events are unknown or unknowable and where not anticipated in an insurance contract? While the policyholder can hold up the insurer for extra contractual payments, the continuing gains from trade on a single contract are often too small to yield useful coverage....
Persistent link: https://www.econbiz.de/10010986457
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Contractual relations between European VC-funds and investors: The impact of reputation and bargaining power on contractual design
Schmidt, Daniel; Wahrenburg, Mark - Center for Financial Studies - 2003
reputation of VC-funds and changes in the overall demand for venture capital services. We find that established funds are more … participants care more about their reputation, have less incentive to behave opportunistically and therefore need less covenant … money. We interpret this as evidence that established funds have actually less reason to care about their reputation as …
Persistent link: https://www.econbiz.de/10010958770
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Contractual Relations between European VC–Funds and Investors: The Impact of Reputation and Bargaining Power on Contractual Design
Schmidt, Daniel; Wahrenburg, Mark - Center for Financial Studies - 2003
reputation of VC-funds and changes in the overall demand for venture capital services. We find that established funds are more … participants care more about their reputation, have less incentive to behave opportunistically and therefore need less covenant … money. We interpret this as evidence that established funds have actually less reason to care about their reputation as …
Persistent link: https://www.econbiz.de/10005022453
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Insuring the Uninsurable: Brokers and Incomplete Insurance Contracts
Doherty, Neil A.; Muermann, Alexander - Center for Financial Studies - 2005
How do markets spread risk when events are unknown or unknowable and where not anticipated in an insurance contract? While the policyholder can "hold up" the insurer for extra contractual payments, the continuing gains from trade on a single contract are often too small to yield useful coverage....
Persistent link: https://www.econbiz.de/10005600441