Reid, Gavin C; Terry, Nicholas G; Smith, Julia A - Centre for Research into Industry, Enterprise, Finance … - 1995
capital investor and his investee. The theoretical framework adopted is principal-agent analysis, which views the investee as …) principal. The sample analysed is made up of twenty venture capital investors in the UK over the period 1992-93, and (where … available) their corresponding investee(s). These investors accounted for about three quarters of venture capital activity in …