التفاصيل البيبلوغرافية
| العنوان: |
Risk management in venture capital investor-investee relations. |
| المؤلفون: |
Reid, G. C., Terry, N. G, Smith, J. A. |
| المصدر: |
European Journal of Finance; Mar1997, Vol. 3 Issue 1, p27-47, 21p |
| مصطلحات موضوعية: |
VENTURE capital, CAPITAL, INVESTMENTS, RISK management in business, RISK sharing |
| مستخلص: |
This paper provides an empirical analysis of risk handling arrangements adopted in the relationship between the venture capital investor and his investee. The theoretical framework adopted is principal-agent analysis, which views the investee as a risk averse agent entering into a risk sharing contract with the investor, a risk neutral (fully diversified) principal. The sample analysed is made up of twenty venture capital investors in the UK over the period 1992-93, and (where available) their corresponding investee(s). These investors accounted for about three-quarters of venture capital activity in the UK over this period. The paper reports on evidence gathered by semi-structured interviews with investors and investees, on expected returns, portfolio balance, screening and risk sharing. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Complementary Index |
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