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Staged financing : a trade-off theory of holdup and option value

Gao, Lei - In: Journal of economics 121 (2017) 3, pp. 197-237

Persistent link: https://www.econbiz.de/10011729506

Renegotiation of cash flow rights in the sale of VC-backed firms

Broughman, Brian; Fried, Jesse M. - In: Journal of financial economics 95 (2010) 3, pp. 384-399

Persistent link: https://www.econbiz.de/10003965365

Innovation, spillovers and venture capital contracts

Dessí, Roberta - 2012

Persistent link: https://www.econbiz.de/10009502426

Innovation, spillovers and venture capital contracts

Dessí, Roberta - 2011

Persistent link: https://www.econbiz.de/10009378480

Convertible securities and venture capital finance

Schmidt, Klaus M. - In: The journal of finance : the journal of the American … 58 (2003) 3, pp. 1139-1166

Persistent link: https://www.econbiz.de/10001762595

Convertible securities and venture capital finance

Schmidt, Klaus M. - 1999

This paper offers a new explanation for the prevalent use of convertible securities in venture capital finance. Convertible securities can be used to endogenously allocate cash flow rights as a function of the realized quality of the project. This property can be used to mitigate the double...