. We show how the optimal contract can be implemented with a system of deferred compensation credit and bonuses, along with …

of control and decisions rights along three time dimensions: the point in time when the contract was signed, the expected … duration of the contract and the actual duration of the relationship. We show that contracts are not static but that control …

We analyze the degree of contract completeness with respect to staging of venture capital investments using a hand …-collected German data set of contract data from 464 rounds into 290 entrepreneurial firms. We distinguish three forms of staging (pure … milestone financing, pure round financing and mixes). Thereby, contract completeness reduces when going from pure milestone …

standard one period contract, where all information arrives at once. Although increasing the number of contingencies will …