Cannibalization & Incentives in Venture Financing

This paper considers the effects of strategic substitutabilities on performanceand incentives in venture capital financing. The analysis points to a subtlelink between two pivotal roles of venture capitalists: (i) monitoring venturesand setting performance incentives...

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Year of publication:	2002-05-01
Authors:	Arping, Stefan
Publisher:	International Center for Financial Asset Management and Engineering (FAME) <Genf>
Subject:	Finanzierung \| finance \| Risikokapital \| risk capital \| Agency-Theorie \| Anreiz

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Table of Contents
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1. Introduction2. The model
3. Independent VC financing
4. Cannibalization & incentives
5. Kleiner & Perkins: Keiretsu vs cannibalization
6. Discusssions and conclusions

Persistent link: https://www.econbiz.de/10005843339