This paper surveys empirical and theoretical studies of various control mechanisms embedded in venture capital contracts. These mechanisms mitigate incentive problems and opportunistic behavior arising in the uncertain environment of financing young hightechnology enterprises that predominantly...

Langfristige Finanzierungen tragen wesentlich zur Beruhigung der Märkte und damit zur Stabilität von Volkswirtschaften bei. Dies zeigt eindrucksvoll das Beispiel des deutschen Marktes für Wohnungsfinanzierungen. Bedingt durch die neuen Finanzmarktregulierungen wie Basel III und Solvency II...

Micro and small enterprises (MSEs) in developing countries are typically considered to be severely credit constrained. Additionally, high business risks may partly explain why the capital stocks of MSEs remain low. This article analyzes the determinants of the capital stocks of MSEs in poor...