ebs-Forschung, Schriftenreihe der EUROPEAN BUSINESS SCHOOL Schloß Reichartshausen

Equity Financing and Covenants in Venture Capital

An Augmented Contracting Approach to Optimal German Contract Design

Authors: Jung-Senssfelder, Karoline

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About this book

Venture capital contracts define the rules of the investment for the venture capitalist and the portfolio company. They therefore have the potential to impact the success of the business and the venture capitalist's return. For this reason, contracts have recently attracted great research interest.

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.

About the authors

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

Table of contents (7 chapters)

  • Introduction

    Pages 1-6

  • Venture Capital and Contracting

    Pages 7-28

  • Review of Academic Literature

    Pages 29-56

  • Contract Design Approach to Cash Flow Incentive Mechanisms

    Pages 57-139

  • Empirical Evidence on Contractual Architecture

    Pages 141-217

Buy this book

eBook $69.99
price for USA in USD (gross)
  • ISBN 978-3-8350-9188-7
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $89.99
price for USA in USD
  • ISBN 978-3-8350-0335-4
  • Free shipping for individuals worldwide
  • This title is currently reprinting. You can pre-order your copy now.
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Bibliographic Information

Bibliographic Information
Book Title
Equity Financing and Covenants in Venture Capital
Book Subtitle
An Augmented Contracting Approach to Optimal German Contract Design
Authors
Series Title
ebs-Forschung, Schriftenreihe der EUROPEAN BUSINESS SCHOOL Schloß Reichartshausen
Series Volume
58
Copyright
2006
Publisher
Deutscher Universitätsverlag
Copyright Holder
Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden
eBook ISBN
978-3-8350-9188-7
DOI
10.1007/978-3-8350-9188-7
Softcover ISBN
978-3-8350-0335-4
Edition Number
1
Number of Pages
XXIV, 283
Topics