Equity Financing and Covenants in Venture Capital: An Augmented Contracting Approach to Optimal German Contract Design

Equity Financing and Covenants in Venture Capital: An Augmented Contracting Approach to Optimal German Contract Design

Paperback(2006)

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Overview

Karoline Jung-Senssfelder presents the first augmented contracting analysis, focusing on the interaction of both, financial instruments and covenants, in the creation of incentives to the contracting parties. With a focus on the German market, she integrates the findings of her model-based theoretical and survey-based empirical analyses to derive value-adding implications for an incentive-compatible contract design in the German venture capital market.

Product Details

ISBN-13: 9783835003354
Publisher: Deutscher Universitätsverlag
Publication date: 04/25/2006
Series: ebs-Forschung, Schriftenreihe der EUROPEAN BUSINESS SCHOOL Schloß Reichartshausen , #58
Edition description: 2006
Pages: 283
Product dimensions: 6.10(w) x 9.25(h) x (d)

About the Author

Dr. Karoline Jung-Senssfelder promovierte am Stiftungslehrstuhl Unternehmensfinanzierung und Kapitalmärkte der European Business School, Oestrich-Winkel.


Table of Contents

Venture capital and contracting

Review of academic literature

Contract design approach to cash flow incentive mechanisms

Empirical evidence on contractual architecture

Preface

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