The complementarity effect: Effort and sharing in the entrepreneur and venture capital contract
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Abstract
This paper focuses on the relationship between the venture capitalist and the entrepreneur. In particular, it analyses how both players’ unobservable effort levels affect the equity share that the ent...
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Marcos Vergara, Claudio A. Bonilla, Jean P. Sepulveda. The complementarity effect: Effort and sharing in the entrepreneur and venture capital contract. European Journal of Operational Research, Volume 254, Issue 3, 2016, Pages 1017-1025
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