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The Application of Principal-Agent Methods to Investor-Investee Relations in the UK Venture Capital Industry

Reid, Gavin C - Centre for Research into Industry, Enterprise, Finance … - 1998

) and investee (as agent) are analysed in terms of risk management, information handling and the trading of risk and … apportioned risk eficiently. Many investor-investee relations were perceived to be at or close to contract optimality. These …

Persistent link: https://www.econbiz.de/10005696980

Co-Determinatin and Efficiency

FitzRoy, Felix R; Kraft, Kornelius - Centre for Research into Industry, Enterprise, Finance … - 1998

We present a new model of employee involvement with incomplete contracts and uncertain monitoring. Distributional considerations limit productivity and generate excessive monitoring under employee control, so co-determination can increase both efficiency and labour's share of the enterprise...

Persistent link: https://www.econbiz.de/10005536793

What's it worth to keep a secret? IP protection under the Economic Espionage Act

Reid, Gavin C; Searle, Nicola C - Centre for Research into Industry, Enterprise, Finance …

Protecting intellectual property by trade secrecy has become an increasingly attractive alternative to more conventional modes of IP protection, like patenting and copyright. This paper provides a statistical, econometric and case study analysis of the protection and valuation of trade secrets...

Persistent link: https://www.econbiz.de/10011141004

Firm size and trade secret intensity: evidence from the Economic Espionage Act

Searle, Nicola C; Reid, Gavin C - Centre for Research into Industry, Enterprise, Finance …

This paper considers trade secrecy as an appropriation mechanism in the context of the US Economic Espionage Act (EEA) 1996. We examine the relation between trade secret intensity and firm size, using a cross section of 95 court cases. The paper builds on extant work in three respects. First, we...

Persistent link: https://www.econbiz.de/10010576039

Limit's to a Firm's Rate of Growth: the Richardsonian View and its Contemporary Empirical Significance

Reid, Gavin C - Centre for Research into Industry, Enterprise, Finance … - 1994

to risk. …

Persistent link: https://www.econbiz.de/10005696992

Coordination Failure and Multiple Equilibria in the Firm

Fitzroy, Felix - Centre for Research into Industry, Enterprise, Finance … - 1993

Two components of work activity are considered: observed effort, which can be rewarded directly, and unobserved helping or communication in a team which increases productivity. Positivite spillovers from helping can generate multiple equilibria (as in imperfectly competitive macroeconomies)....

Persistent link: https://www.econbiz.de/10005673149

Using Effluent Charges in Promoting Investment in Water Pollution Control Technology: A Model of Coordination Failure among Firms

Selvaretnam, Geethanjali; Thampanishvong, Kannika - Centre for Research into Industry, Enterprise, Finance … - 2010

Untreated wastewater being directly discharged into rivers is a very harmful environmental hazard that needs to be tackled urgently in many countries. In order to safeguard the river ecosystem and reduce water pollution, it is important to have an effluent charge policy that promotes the...

Persistent link: https://www.econbiz.de/10008727707

Accounting for Risk: developing a new research agenda for risk appraisal in high-technology ventures

Reid, Gavin C; Smith, Julia A - Centre for Research into Industry, Enterprise, Finance … - 1999

This work concerns the development of new methods of accounting for risk in high-technology ventures. The paper … enquires into attitudes to risk and skills at risk management, in the relationship between high-technology firms and their … for risk management. If total risk is split up into innovation risk, business risk and agency risk, the main category of …

Persistent link: https://www.econbiz.de/10005807924

Post Investment Demand for Accounting Information by Venture Capitalists

Mitchell, Falconer; Reid, Gavin C; Terry, Nicholas G - Centre for Research into Industry, Enterprise, Finance … - 1994

The key conecpts of principal-agent analysis are utilised to investigate influences on venture capitalists' accounting information requirements as used in their dealings with investees. The findings are based on structured interviews held with twenty leading venture capitalists, managing funds...

Persistent link: https://www.econbiz.de/10005807932

Irreversible Indifference Curves, Reference Points, and the Practice of Eliciting Preferences from the Public

Morrison, Gwendolyn C - Centre for Research into Industry, Enterprise, Finance … - 1995

economic theory, indifference curves are irreversible. The methods in question - willingness to pay versus willingness to …

Persistent link: https://www.econbiz.de/10005807951