Efficient venture capital financing combining debt and equity
Publication
, Journal Article
Marx, LM
Published in: Review of Economic Design
January 1, 1998
I present a model of venture capital contracting in which contracts that involve a mixture of both debt and equity are efficient and dominate pure-equity and pure-debt financing. The optimal contract balances the venture capitalist's incentive to intervene in the project and the entrepreneur's desire for control. © Springer-Verlag 1998.
Duke Scholars
Published In
Review of Economic Design
DOI
ISSN
1434-4742
Publication Date
January 1, 1998
Volume
3
Issue
4
Start / End Page
371 / 387
Related Subject Headings
- Economic Theory
- 3803 Economic theory
- 3801 Applied economics
- 1402 Applied Economics
- 1401 Economic Theory
Citation
APA
Chicago
ICMJE
MLA
NLM
Marx, L. M. (1998). Efficient venture capital financing combining debt and equity. Review of Economic Design, 3(4), 371–387. https://doi.org/10.1007/s100580050022
Marx, L. M. “Efficient venture capital financing combining debt and equity.” Review of Economic Design 3, no. 4 (January 1, 1998): 371–87. https://doi.org/10.1007/s100580050022.
Marx LM. Efficient venture capital financing combining debt and equity. Review of Economic Design. 1998 Jan 1;3(4):371–87.
Marx, L. M. “Efficient venture capital financing combining debt and equity.” Review of Economic Design, vol. 3, no. 4, Jan. 1998, pp. 371–87. Scopus, doi:10.1007/s100580050022.
Marx LM. Efficient venture capital financing combining debt and equity. Review of Economic Design. 1998 Jan 1;3(4):371–387.
Published In
Review of Economic Design
DOI
ISSN
1434-4742
Publication Date
January 1, 1998
Volume
3
Issue
4
Start / End Page
371 / 387
Related Subject Headings
- Economic Theory
- 3803 Economic theory
- 3801 Applied economics
- 1402 Applied Economics
- 1401 Economic Theory