Venture Capital Investment: An Agency Analysis of UK Practice

ISBN-13: 9780415179690 / Angielski / Twarda / 1998 / 384 str.

Gavin C. Reid;Reid Gavin

Opis

Venture capital is a relatively new investment form, especially in the UK and Europe. This text provides a systematic analysis of what drives investor-investee relations in venture capital markets. It employs a principal agent framework to provide a contemporary, global analysis of contracting relations practice. By developing this framework, Gavin Reid is able to develop an organizing principle for viewing the bewildering complexity of real-world venture capital activity. The principal-agent framework is simply and non-technically expounded and background information on the UK capital industry provided before the reader is presented with the main body of the work. This consists of a series of in depth case studies of investor-investee relations, based on empirical research and organized around the principal-agent method, which provides insights into contemporary UK venture capital practice.

Spis treści

PART 1 Background 1 The analysis of venture capital practice 2 Venture capital Appendix: The impact of the VCI on the MSF’s value and risk 3 Investigating investor-investee relations 4 Principles of agency analysis PART 2 Evidence 5 Instrumentation 6 Fieldwork 7 Investor and investee characteristics PART 3 Cases 8 Case study J: independent principal 9 Case study H: principal a banking subsidiary 10 Case study G: principal public sector owned PART 4 Analysis 11 Risk management 12 The demand for information by investors 13 The supply of venture capital and the development of investees’ accounting information systems 14 Seeking optimality through the exchanging of risk and Information, Epilogue

O autorze

Gavin Reid