Staged financing: An agency perspective
This paper investigates the structure of outside investment in a profitable entrepreneurial venture. Though efficient, financing the venture up front may be infeasible because the entrepreneur cannot commit to not renegotiate down the outside investor's claim once she's sunk her investment...
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| Veröffentlicht in: | The Review of economic studies 1999-04, Vol.66 (227), p.255-274 |
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| container_title | The Review of economic studies |
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| creator | Neher, Darwin V |
| description | This paper investigates the structure of outside investment in a profitable entrepreneurial venture. Though efficient, financing the venture up front may be infeasible because the entrepreneur cannot commit to not renegotiate down the outside investor's claim once she's sunk her investment. |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0034-6527 |
| ispartof | The Review of economic studies, 1999-04, Vol.66 (227), p.255-274 |
| issn | 0034-6527 1467-937X |
| language | eng |
| recordid | cdi_proquest_miscellaneous_38740557 |
| source | EBSCOhost Business Source Complete; Jstor Complete Legacy; Oxford University Press Journals All Titles (1996-Current) |
| subjects | Capital Capital markets Collateral Enterprises Entrepreneurs Entrepreneurship Finance Financial planning Human capital Investment Investments Investors Liquidity Profit Time Venture capital |
| title | Staged financing: An agency perspective |
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