Blar i NHH Brage på emneord "venture capital"
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Evolution of Decision and Control Rights in Venture Capital Contracts: An Empirical Analysis
(Discussion paper, Working paper, 2006-12)We analyze the structure and evolution of the allocation of decision and control rights in venture capital contracts by using a sample of 464 contracts between venture capitalists (VC) and portfolio firms from Germany. We ... -
Taxation of uncertain business profits, private risk markets and optimal allocation of risk
(Working paper, Working paper, 2004-12)In this paper we explore what happens if the government bears some of the risk through a profit tax when the risk sharing in the venture capital market is incomplete due to non-observability of effort and moral hazard. If ... -
Taxation of uncertain business profits, private risk markets and optimal allocation of risk
(Discussion paper, Working paper, 2005-02)In this paper we explore what happens if the government bears some of the risk through a profit tax when the risk sharing in the venture capital market is incomplete due to non-observability of effort and moral hazard. ...