The effect of capital market characteristics on the value of start-up firms
Article Abstract:
An equilibrium model of contracting, bargaining and search, studies the effect of the relative scarcity of venture capital that affects the bargaining power of entrepreneurs and venture capitalists as well as the pricing, contracting and value creation in start-ups. Monetary gains that can be derived from the venture capital investments, cost of entry, transparency of the venture capital market and supply and demand conditions encourage the venture capitalists.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2004
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Should business groups be dismantled? the equilibrium costs of efficient internal capital markets
Article Abstract:
Usage of an equilibrium model to find the effects of conglomerates' internal capital markets on efficiency of capital allocation is analyzed.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2006
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Matching markets with adverse selection
Article Abstract:
Determination of equilibrium contracts in proposed decentralized markets using adverse selection is examined.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2005
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