Venture Capital Investment: An Agency Analysis Of Uk Practice (routledge Studies In The Modern World Economy)

Written in a non-technical way, this volume uses a principal-agent framework to provide a contemporary, global analysis of the practice of contracting relations. It draws on case studies to provide valuable insights into current UK venture capital practice.

gavin Reid Presents A Systematic Analysis Of What Drives Investor-investee Relations In Venture Capital Markets. In The First Analytical Work To Use A Unified Framework, He Draws Upon A Modern And General Approach To Contracting Relations, Namely Principal-agent Analysis. This Book Establishes A Clear Theoretical Framework Involving Risk Management, Information Handling And The 'trading' Of Risk And Information. Using Powerful Modern Theory As A General And Coherent Frame Of Reference To Analyse An Extensive Body Of New Evidence, The Author Shows How Top Investors Manage Risk And Monitor Investees, And Examines The Best Relationship Between Investor And Investee. Exploring The Principles Governing High-risk/high-return Investment, This Is A Unique Insight Into The Turbulent World Of The Venture Capitalist.

booknews

for Students And Instructors Of Economics And Business, Offers A Principal-agent Framework Within Which To Analyze Contracting Relations Practices Between Those Who Invest Venture Capital And Those Who Receive It. Focusing Primarily On The Uk, Where Venture Capital Is A Fairly New Investment Form, Explains The Framework, Then Cites In- Depth Case Studies Based On Empirical Research, And Organized Around The Principle-agent Method. Also Considers Risk Management From The Perspective Of Both Parties, Developing Information Systems After The Contract, And Trading Risk And Information In Pursuit Of Superior Contracting. Annotation C. Book News, Inc., Portland, Or (booknew.com)

Book Cover......Page 1 Title......Page 4 Contents......Page 5 List of figures......Page 15 List of tables......Page 16 Preface......Page 17 List of abbreviations......Page 22 The analysis of venture capital practice......Page 26 Venture capital......Page 37 Investigating investor-investee relations WITH......Page 57 Principles of agency analysis......Page 72 Instrumentation......Page 90 Fieldwork......Page 104 Investor and investee characteristics......Page 117 Case study J: independent principal......Page 132 Case study H: principal a banking subsidiary......Page 153 Case study G: principal public sector owned......Page 171 Risk management WITH......Page 194 The demand for information by investors WITH......Page 208 The supply of venture capital and the development of investees' accounting information systems WITH......Page 220 Seeking optimality through the exchanging of risk and information......Page 242 Epilogue......Page 280 : Semi-structured interview (SSI) schedule for investor (P)......Page 286 : Administered questionnaire (AQ) for mature small firms (A)......Page 318 : Telephone questionnaire (TQ) for mature small firms (A)......Page 348 References......Page 364 Author index......Page 372 Subject index......Page 375 This book consists of a series of in depth case studies of investor-investee relations, based on extensive empirical research and organized around the principal-agent method, which provide valuable insights into modern UK venture capital practice