Author | : Karoline Jung-Senssfelder |
File Size | : 49,9 Mb |
Publisher | : Springer Science & Business Media |
Language | : English |
Release Date | : 08 December 2007 |
ISBN | : 9783835091887 |
Pages | : 301 pages |
Equity Financing and Covenants in Venture Capital by Karoline Jung-Senssfelder Book PDF Summary
Karoline Jung-Senssfelder presents the first augmented contracting analysis, focusing on the interaction of both, financial instruments and covenants, in the creation of incentives to the contracting parties. With a focus on the German market, she integrates the findings of her model-based theoretical and survey-based empirical analyses to derive value-adding implications for an incentive-compatible contract design in the German venture capital market.