Breuer, Wolfgang; Brettel, Malte; Ron C. Antonczyk - RWTH <Aachen> / Lehrstuhl für … - 2007
Using a hand-collected sample of contracts and investment proposals from German venturecapital financing relationships, we analyze specific incentive conflicts. We apply indirect anddirect measures of these problems and extend the direct approach by Kaplan and Strömberg(2004) to a four-...