Li, Yanzhao; Guo, Ju'e; Sun, Shaolong; Li, Yongwu - In: Financial innovation : FIN 8 (2022), pp. 1-24
venture capital (VC), this study proposes two kinds of time-inconsistent preferences (i.e., time-flow inconsistency and time … guiding future behaviors, we consider four types of venture capitalists: time-consistent, time-point-inconsistent, naïve, and … sophisticated venture capitalists, of which the latter three are time-inconsistent. We derive and compare the exit thresholds of …