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Die vorliegende empirische Studie analysiert die Vertragsgestaltung zwischen Investoren und europäischen Venture Capital-Fonds. Im Zentrum steht die Analyse der Vergütung des Fondsmanagements sowie der zum Einsatz kommenden Vertragsklauseln. Deren Ausgestaltung ist entscheidend für die...
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Kevane (2002). We study the trade-off between the optimal rigid lending contract and the optimal discretionary one and find … that a rigid contract is optimal when the audit cost is larger than gains from insurance. Our analysis explains rigid … insurance can be provided by borrowers themselves under individual liability through a side-contract. …
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to the production economy. This includes hereby the introduction of a production contract and the adoption of known …
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Competitive tendering of local public transport services has been allowed in Norway since 1994. By 2005, 28 percent of all route production in Norway was procured on the basis of tendered contracts, covering around 40 percent of all passengers. The majority of the tendered contracts were gross...
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Auctions are a potentially suitable policy tool for increasing the efficiency of Agri- Environmental Schemes (AES) through an improved allocation of contracts. In theory, through the auction mechanism, farmers have incentives to reveal their compliance costs, helping to reduce information rents...
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based on an unbalanced panel of contract areas between 1999 and 2011, using econometric techniques. We conclude that …
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The paper surveys in a critical manner the recent development in firms theories. It is organized around two directions. The first one analyses the contributions recently proposed around the vision of the firm envisaged as a ?nexus of contracts?, focusing on the different recent variants of the...
Persistent link: https://www.econbiz.de/10011020488