Renegotiation Costs, Financial Contracting, and Lender Choice

2017 ◽  
Author(s):  
Elia Ferracuti ◽  
Arthur Morris
Keyword(s):  
Financial Contracting

Three essays on financial contracting

2010 ◽  
Author(s):  
Christopher J. Tamm
Keyword(s):  
Financial Contracting

Robust Financial Contracting and the Role of Venture Capitalists

1994 ◽  
Vol 49 (2) ◽  
pp. 371-402 ◽  
Author(s):  
ANAT R. ADMATI ◽  
PAUL PFLEIDERER
Keyword(s):  
Venture Capitalists ◽  
Financial Contracting

scholarly journals Der Markt für Venture Capital: Anreizprobleme, Governance Strukturen und staatliche Interventionen

2002 ◽  
Vol 3 (3) ◽  
pp. 235-255 ◽  
Author(s):  
Georg Gebhardt ◽  
Klaus M. Schmidt
Keyword(s):  
Venture Capital ◽  
Financial Contracting ◽  
Government Subsidies ◽  
Incentive Effects ◽  
Established Firms

Abstract In this paper we give an overview, with special emphasis on Germany, of the recent development of the market for venture capital. We analyse the financial contracting problems that arise when entrepreneurs need capital from outside investors, and demonstrate how these problems are addressed by the institutions and contracts observed in the market for venture capital. Finally, we discuss the arguments in favour of government subsidies for private R&D, and argue that there are positive incentive effects if these subsidies are given to venture capital financed projects, rather than to established firms.

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