摘要
本文分析了企业家和外部拥有资金或管理经验的专业人士在提高投资项目价值方面的共同作用 ,从理论上阐述风险投资家等投资者为什么能够提高企业的价值 ,并得出了外部融资的最佳数量。最后 。
This paper analyses the joint provision of effort by an entrepreneur and by an advisor to improve the productivity of an investment project.It provides a theory for why investors like venture capitalists are value enhancing.The optimal amount of outside financing is determined.Last,optimal financial contracts between venture capitalists and entrepreneurs are given.
出处
《科学管理研究》
CSSCI
北大核心
2005年第1期111-113,88,共4页
Scientific Management Research
关键词
风险投资
对外融资
双重道德风险
可转换债券
venture capital,outside finance,double moral hazard and convertible bonds
