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Our area of interest is the relationship between Private Equity professionals and the CEOs of companies. Building on previous research on board-CEO relationship and on venture capital and management buyout governance, we aim at complementing the frequently used agency theory perspective by way...
Persistent link: https://www.econbiz.de/10010549128
Our area of interest is the relationship between Private Equity professionals and the CEOs of companies. Building on previous research on board-CEO relationship and on venture capital and management buyout governance, we aim at complementing the frequently used agency theory perspective by way...
Persistent link: https://www.econbiz.de/10008796034
This paper considers an international sample of venture capital and private equity funds to assess the role of law, corruption and culture in setting fund manager fees in terms of their fixed management fees, carried interest performance fees, clawbacks of fees and cash versus share...
Persistent link: https://www.econbiz.de/10009369656
This paper aims to connect two strands of the venture capital literature: the inter-relationships among venture capitalists (VCs) on the one hand, and between VCs and their funds providers on the other hand. It examines the existence of a relationship between type of fund provider and skill...
Persistent link: https://www.econbiz.de/10010933147
L'investissement des firmes dans la recherche et le développement (R&D) est la clé pour une croissance économique pérenne. Notre étude a pour but d'analyser la façon dont ces entreprises innovantes se financent et si, en France, le mode de financement de ces structures primordiales pour...
Persistent link: https://www.econbiz.de/10010820996
The demand of management control information (MCI) and its use by Venture Capitalists (VC) are examined through a qualitative study. The VC, active investor concerned with investment return, may be interested by information traditionally reserved to the manager. The results show that the VC are...
Persistent link: https://www.econbiz.de/10010898750
We analyze the impact of venture capital on firm performance ; more precisely, we investigate whether venture capital adds value to innovative French companies in terms of increasing their survival time. To this end, we use a hand-collected data set based on a sample of 139 French companies that...
Persistent link: https://www.econbiz.de/10010559869
innovation process. Rather than debating their accuracy and efficiency, we adopt a pragmatic approach to business models -- we … techno-economic network of an innovation.WP abstract: Analyzes the uses and functions of business models through original …
Persistent link: https://www.econbiz.de/10008790814
Small to medium enterprises (SME) are frequently associated with high levels of innovation. However, it is difficult … for such firms to fully assess the merits of a particular innovation. This study examined the risk-return profile of … future investment in innovation by SME with respect to anticipated ‘rent' or financial returns. A survey of highly innovative …
Persistent link: https://www.econbiz.de/10008791730
We present in this paper a method to extract fair prices from observable prices in an illiquid market. The dynamics of fair prices have a general form encompassing random walks. In fact, only a part of a movement in price is assumed to reflect fundamental changes, the rest is considered to be...
Persistent link: https://www.econbiz.de/10010549072