Routledge Studies in the Modern World Economy
1 primary work
Book 19
Venture capital is a relatively new investment form in the 1990s, especially in the UK and Europe. However, there exixts no systematic analysis of what drives investor-investee relations in venture capital markets using a unified and coherent framework. This text employs a principal agent framework to provide a contemporary, global analysis of contracting relations practice. By developing this state-of-the-art framework, Gavin Reid is able to develop a powerful organizing principle for viewing the bewildering complexity of real-world venture capital activity. The principal-agent framework is simply and non-technically expounded and background information on the UK capital industry provided before the reader is presented with the main body of the work. This 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 provides valuable insights into contemporary UK venture capital practice.
The book also considers risk management from the perspective of both contracting parties, information system development post-contract, and the "trading" of risk and information in pursuit of superior contracting between investors and investees. The author concludes by employing the principal-agent method both to predict trends in UK venture capital activity and prescribe better business practice.
The book also considers risk management from the perspective of both contracting parties, information system development post-contract, and the "trading" of risk and information in pursuit of superior contracting between investors and investees. The author concludes by employing the principal-agent method both to predict trends in UK venture capital activity and prescribe better business practice.