Cooperation among Business Incubator, Venture Capital and Entrepreneur from the Principal-agent’s Perspective

摘要：

This paper uses framework of one principal and two agents to argue the cooperation among the venture capital, business incubator and entrepreneur. The paper shows that venture capital, entrepreneur and business incubator will cooperate if their private information is fully revealed. At the same time, the three parties will put into the highest effort level and they can be also assigned the highest net profit. Secondly, the tripartite efforts level is lower when one of the three parties cooperates with another. In the end, the tripartite efforts level is the lowest when all of them only pursue their own maximum utility respectively. The effort level that one of the three parties cooperates with another is relevant to the profit percentage of another party.1

作者: Wen-qing WU Fei XIE Li-ming ZHAO

作者单位: College of Management and Economics, Tianjin University, Tianjin, China

会议类型: 国际会议

会议名称: 2011 IEEE 18th International Conference on Industrial Engineering and Engineering Management(2011 IEEE 第十八届工业工程与工程管理国际会议 IEEM2011)

会议地点: 长春

会议语种:英文

页码: 2036-2040

在线出版日期: 2011-09-03（万方平台首次上网日期，不代表论文的发表时间）