Theoretical studies of tournaments and the venture capital industry
<p>This thesis consists of three essays. In essay 1, we examine the optimal contract design in the venture capital (VC) industry when a general partner (GP) cannot commit to putting effort into an existing partnership. We show that the first-best contract, a layered debt issued to investors, i...
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| Médium: | Diplomová práce |
| Jazyk: | English |
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2013
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