Equity Financing and Covenants in Venture Capital

An Augmented Contracting Approach to Optimal German Contract Design

  • Authors
  • Karoline¬†Jung-Senssfelder

Table of contents

  1. Front Matter
    Pages I-XXIV
  2. Pages 1-6
  3. Pages 219-225
  4. Pages 227-231
  5. Back Matter
    Pages 233-283

About this book

Introduction

Venture capital contracts define the rules of the investment for the venture capitalist and the portfolio company. They therefore have the potential to impact the success of the business and the venture capitalist's return. For this reason, contracts have recently attracted great research interest.

Karoline Jung-Senssfelder presents the first augmented contracting analysis, focusing on the interaction of both, financial instruments and covenants, in the creation of incentives to the contracting parties. With a focus on the German market, she integrates the findings of her model-based theoretical and survey-based empirical analyses to derive value-adding implications for an incentive-compatible contract design in the German venture capital market.

Keywords

Deutschland Financing Klauseln Private Equity Venture Capital Vertragsgestaltung Wandelbare Finanzierungsinstrumente cash flow

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-8350-9188-7
  • Copyright Information Deutscher Universit√§ts-Verlag | GWV Fachverlage GmbH, Wiesbaden 2006
  • Publisher Name DUV
  • eBook Packages Business and Economics
  • Print ISBN 978-3-8350-0335-4
  • Online ISBN 978-3-8350-9188-7
  • About this book