Buch, Englisch, 384 Seiten, Format (B × H): 161 mm x 240 mm, Gewicht: 740 g
An Agency Analysis of UK Practice
Buch, Englisch, 384 Seiten, Format (B × H): 161 mm x 240 mm, Gewicht: 740 g
Reihe: Routledge Studies in the Modern World Economy
ISBN: 978-0-415-17969-0
Verlag: Routledge
Gavin Reid presents a systematic analysis of what drives investor-investee relations in venture capital markets. In the first analytical work to use a unified framework, he draws upon a modern and general approach to contracting relations, namely principal-agent analysis. This book establishes a clear theoretical framework involving risk management, information handling and the 'trading' of risk and information. Using powerful modern theory as a general and coherent frame of reference to analyse an extensive body of new evidence, the author shows how top investors manage risk and monitor investees, and examines the best relationship between investor and investee. Exploring the principles governing high-risk/high-return investment, this is a unique insight into the turbulent world of the venture capitalist.
Zielgruppe
Postgraduate
Autoren/Hrsg.
Fachgebiete
Weitere Infos & Material
PART 1 Background 1 The analysis of venture capital practice 2 Venture capital Appendix: The impact of the VCI on the MSF’s value and risk 3 Investigating investor-investee relations 4 Principles of agency analysis PART 2 Evidence 5 Instrumentation 6 Fieldwork 7 Investor and investee characteristics PART 3 Cases 8 Case study J: independent principal 9 Case study H: principal a banking subsidiary 10 Case study G: principal public sector owned PART 4 Analysis 11 Risk management 12 The demand for information by investors 13 The supply of venture capital and the development of investees’ accounting information systems 14 Seeking optimality through the exchanging of risk and Information, Epilogue
