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The paper explores factors that influence the design of financing contracts between venture capital investors and European venture capital funds. 122 Private Placement Memoranda and 46 Partnership Agreements are investigated in respect to the use of covenant restrictions and compensation...
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Judicial enforcement of contracts can have an effect on credit market performance because it influences the risk and costs of credit transactions. This paper documents this point by empirically investigating the relation between the efficiency of judicial systems and credit market development...
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