Booth, G. Geoffrey; Dalgic, Orkunt; Young, Allan - In: Journal of entrepreneurial finance : JEF ; official … 9 (2004) 3, pp. 15-27
This paper studies the consequences of using a debt contract to raise venture capital for an entrepreneurial project in an adverse selection setting with different quality venture capitalists. The paper considers not only the likelihood of success of a one-time project being dependent on the...