Venture capital investment : an agency analysis of practice
Author(s)
Bibliographic Information
Venture capital investment : an agency analysis of practice
(Routledge studies in the modern world economy, 19)
Routledge, 1998
Available at 27 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references (p. 341-348) and indexes
Description and Table of Contents
Description
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 investees, and examines the best relationship between investor and investee. Exploring the principles governing high-risk/high-return investment, this is a unique insight into the turbulent world of the venture capitalist.
Table of Contents
PART 1 Background 1 The analysis of venture capital practice 2 Venture capital Appendix: The impact of the VCI on the MSF's value and risk 3 Investigating investor-investee relations 4 Principles of agency analysis PART 2 Evidence 5 Instrumentation 6 Fieldwork 7 Investor and investee characteristics PART 3 Cases 8 Case study J: independent principal 9 Case study H: principal a banking subsidiary 10 Case study G: principal public sector owned PART 4 Analysis 11 Risk management 12 The demand for information by investors 13 The supply of venture capital and the development of investees' accounting information systems 14 Seeking optimality through the exchanging of risk and Information, Epilogue
by "Nielsen BookData"