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Venture Capital Research On The Principal--Agent And Corporate Governance Mechanisms Of Venture Company

Posted on:2006-10-04Degree:MasterType:Thesis
Country:ChinaCandidate:J LaiFull Text:PDF
GTID:2166360152494281Subject:Financial management
Abstract/Summary:PDF Full Text Request
In the market-oriented economy, venture capital is a strong impetus to the development of market economy, so the in-dept research upon the principal-agent and corporate governance mechanisms of venture company is indispensable. The venture capital behavior, being successful or failed, depends on the operation of principal-agent chain among fund capitalists, venture capitalists and venture company. To solve the problem about" reverse selection ", "moral hazard" and to establish corporate governance mechanisms for controlling venture company , the paper analyses the principal-agent relationship in venture capital from the angle of venture company.The paper is based on the development of principal-agent theory, combining the recent domestic and overseas studies in this field, and benefited from previous research as well. The paper handles many cases to explain the characters of principal-agent relationship and the agent process, under researching through theoretic and...
Keywords/Search Tags:Venture capital, Venture capitalists, Venture company, Principal-agent, Corporate governance
PDF Full Text Request
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