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Titlebook: Equity Financing and Covenants in Venture Capital; An Augmented Contrac Karoline Jung-Senssfelder Book 2006 Gabler Verlag | Springer Fachme

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书目名称Equity Financing and Covenants in Venture Capital
副标题An Augmented Contrac
编辑Karoline Jung-Senssfelder
视频video
丛书名称ebs-Forschung, Schriftenreihe der EUROPEAN BUSINESS SCHOOL Schloß Reichartshausen
图书封面Titlebook: Equity Financing and Covenants in Venture Capital; An Augmented Contrac Karoline Jung-Senssfelder Book 2006 Gabler Verlag | Springer Fachme
描述Contract design is currently at the center of interest in venture capital research. The existing literature points out that German venture capital contracts differ significantly from Anglo-Saxon contracting practices in their choice of financial instruments and covenants. Contract comparisons have, however, so far neglected the complementary role covenants play in the allocation of entrepreneurial cash flow rights to the contracting parties. Against this background of diverse contract designs, this dissertation provides a first comprehensive analysis of cash flow Incentives implemented through financial instruments in combination with covenants in German venture capital contracts. The author begins with a contract-theoretical analysis of the cash flow effects Implemented by common contract designs. This is followed by an empirical study that presents new evidence on the contracting patterns used in the German venture capital market. Integrating theoretical and empirical findings, the author derives implications for an improved incentive-driven contract design In Germany. With its state-of-the-art analyses, the dissertation contributes extensively to the existing international theor
出版日期Book 2006
关键词Deutschland; Financing; Klauseln; Private Equity; Venture Capital; Vertragsgestaltung; Wandelbare Finanzie
版次1
doihttps://doi.org/10.1007/978-3-8350-9188-7
isbn_softcover978-3-8350-0335-4
isbn_ebook978-3-8350-9188-7
copyrightGabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden 2006
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Vienna Circle Institute Librarycial instruments but also those determined by cash flow-related covenants. It additionally analyzes determinants of contract design, which relate to characteristics of the venture capital company. The separate allocation of control rights is also reported, despite the fact that control rights are not at the center of the analysis.
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Empirical Evidence on Contractual Architecture,cial instruments but also those determined by cash flow-related covenants. It additionally analyzes determinants of contract design, which relate to characteristics of the venture capital company. The separate allocation of control rights is also reported, despite the fact that control rights are not at the center of the analysis.
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Derrida and British Film Theory, past ten years and representing 0.50%o of the German gross domestic product (GDP) in 2004.. Venture capital investments are believed to substantially contribute to the German economy’s structural change because they are systematically employed to support“creative destruction” through innovation and growth.
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Challenges in Appointment Planning,re capital market and the prevailing legal environment. It then moves on to describe venture capital contracts, their legal documents and components. Finally, the augmented contracting approach underlying the subsequent theoretical and empirical analyses is defined.
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Studies in the History of Philosophy of Mindibility are particularly relevant in the venture capital setting where both parties are actively involved in the management of the portfolio company. Contracts and the design of their formal components, . and ., therefore play a central role in making the investment a success.
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Book 2006tracts differ significantly from Anglo-Saxon contracting practices in their choice of financial instruments and covenants. Contract comparisons have, however, so far neglected the complementary role covenants play in the allocation of entrepreneurial cash flow rights to the contracting parties. Agai
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