Venture capital investment : an agency analysis of practice / Gavin C. Reid.

Format:

Book

Author/Creator:

Reid, Gavin C., author.

Series:

Routledge Studies in the Modern World Economy

Language:

English

Subjects (All):

Venture capital--Great Britain.

Venture capital.

Physical Description:

1 online resource (383 p.)

Edition:

1st ed.

Place of Publication:

London ; New York : Routledge, 1998.

Language Note:

English

Summary:

Gavin Reid presents a systematic analysis of what drives investor-investee relations in venture capital markets. In the first analytical work to use a unified framework, he draws upon a modern and general approach to contracting relations, namely principal-agent analysis. This book establishes a clear theoretical framework involving risk management, information handling and the 'trading' of risk and information. Using powerful modern theory as a general and coherent frame of reference to analyse an extensive body of new evidence, the author shows how top investors manage risk and monitor inves

Contents:

Book Cover; Title; Contents; List of figures; List of tables; Preface; List of abbreviations; The analysis of venture capital practice; Venture capital; Investigating investor-investee relations WITH; Principles of agency analysis; Instrumentation; Fieldwork; Investor and investee characteristics; Case study J: independent principal; Case study H: principal a banking subsidiary; Case study G: principal public sector owned; Risk management WITH; The demand for information by investors WITH; The supply of venture capital and the development of investees' accounting information systems WITH

Seeking optimality through the exchanging of risk and information Epilogue; : Semi-structured interview (SSI) schedule for investor (P); : Administered questionnaire (AQ) for mature small firms (A); : Telephone questionnaire (TQ) for mature small firms (A); References; Author index; Subject index

Notes:

Description based upon print version of record.

Includes bibliographical references (p. 341-348) and indexes.

ISBN:

1-134-68134-8

1-134-68135-6

1-280-33038-4

0-203-06624-3

9780203066249

OCLC:

70733050