Venture Capital Optimal Contract Design and Application based on Multi-Dimensional Screening Model

摘要：

From the perspective of entrepreneurs,the article set up multi-dimensional screening model between venture capitalists and entrepreneurs,showed multidimensional adverse selection that venture capitalists may hiding level of value-adding inputs to induced,improved that venture capitalists equity proportion would be affected positively by value-adding inputs cost,fund and information rents;venture capitalists degree of value-adding implementation would be affected directly by venture capitalists efficiency,if efficiency be low,venture capitalists value-adding implementation degree would be distorted downward,and degree of distortion would be affected by the probability distribution of venture capitalists types,information rents.

关键词： value-adding adverse selection venture capitalist multi-dimensional screening

作者: YAN Wen-jun GUO Ju-e CHAI Jian

作者单位: School of Management Xian Jiaotong University,Xian 710049, China School of Business Shannxi Normal University,Xian 10062,China

会议类型: 国际会议

会议名称: The Fourth International Joint Conference on Computational Science and Optimization(第四届计算科学与优化国际大会 CSO 2011)

会议地点: 昆明、丽江

会议语种:英文

页码: 535-539

在线出版日期: 2011-04-15（万方平台首次上网日期，不代表论文的发表时间）