Results overview: Found 3 records in 0.02 seconds.
Research literature, 3 records found
Research literature 3 records found  
1.
31 p, 387.5 KB Venture capital meets contract theory : risky claims or formal control? / Cestone, Giacinta ; Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica ; Universitat Autònoma de Barcelona. Institut d'Anàlisi Econòmica
This paper develops a theory of the joint allocation of formal control and cash-flow rights in venture capital deals. We argue that when the need for investor support calls for very high-powered outside claims, entrepreneurs should optimally retain formal control in order to avoid excessive interference. [...]
2006 (Working papers ; 480.01)  
2.
24 p, 236.0 KB Stakeholder activism, managerial entrenchment, and the congruence of interests between shareholders and stakeholders / Cespa, Giovanni ; Cestone, Giacinta ; Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica ; Universitat Autònoma de Barcelona. Institut d'Anàlisi Econòmica
We argue that when stakeholder protection is left to the voluntary initiative of managers, concessions to social activists and pressure groups can turn into a self-entrenchment strategy for incumbent CEOs. [...]
2006 (Working papers ; 528.02)  
3.
34 p, 307.6 KB Anti-comptetitive financial contracting : the design of financial claims. / Cestone, Giacinta ; White, Lucy ; Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica ; Universitat Autònoma de Barcelona. Institut d'Anàlisi Econòmica
2006 (Working papers ; 453.00)  

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