Venture capitals syndication in Entrepreneurship

摘要：

Entrepreneurship is a highly efficient method to turn the technological achievement into economic benefits. However,in addition to the technological achievement, the access to venture capital is another key issue to start a new company.Because of the huge risk of the entrepreneurial process and the uncertainty of the economic interests of the output, emerging companies often face great difficulties in financing.The venture capitals syndication(VC syndication)is discussed in this paper, including the advantages of the venture capital syndication and a model based on the Contract Theory.The conclusion is that the venture capital syndication can effectively solve the financing problem of entrepreneurship.

关键词： VC sindicationt(venture capitals syndication) moral hazard Contract theory entrepreneurship

作者: Fei-long Li Jia-sheng Cao

作者单位: Dept.of Statistics and Finance University of Science and Technology of China Hefei,China Dept. of Statistics and Finance University of Science and Technology of China Hefei, China

会议类型: 国际会议

会议名称: The 10th International Conference on Intelligent Technologies(第十届智慧科技国际会议 InTech09)

会议地点: 桂林

会议语种:英文

页码: 161-164

在线出版日期: 2009-12-12（万方平台首次上网日期，不代表论文的发表时间）