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比较风险资本市场研究的政策意义 被引量:1

On the policy sense of the comparative study of the risk capital market
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摘要 科斯定理揭示了在交易成本为零的条件下,制度的选择不会影响经济活动的最终效益。然而在交易成本不为零的现实世界里,制度的安排会在不同程度上影响交易的效益。正因为如此,我们必须重视制度的安排。研究制度安排是为了说明制度的安排会影响当事者通过改变交易成本而左右从交易中取得的收益。诺斯认为制度是人们制定的以降低人们在相关活动中的不定性的约束。诺斯的制度概念包括正规的约束……
作者 郁光华
机构地区 香港大学法律系
出处 《法学家》 CSSCI 北大核心 2002年第4期11-19,共9页 The Jurist
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  • 1Ronald Coase, "The Problem of Social Cost," 3 Journal of Law and Economics 1 (1960)
  • 2Douglass North, Institutions, Institutional Change and Econcomic Performance (New Yonk: Cambridge University Press, 1990),pp2-6.
  • 3William Sahlman, "The Structure and Govermance of Venture - Capital Organizations," 27 Journal of Financial Economics 473(1990) .
  • 4Paul Gompers and Josh Lemer, "The Use of Covenants: An Empirical Analysis of Venture Partnership Agreements," 39 Journal of Law and Economics 463 (1996) .
  • 5Douglas Smith, "The Venture Capital Company: A Contractarian Rebuttal to the Political Theory of American Corporate Finance?" 65 Tennessee Law Review 79 (1997).
  • 6Douglass North, Institutions, Institutional Change and Econcomic Performance (New York: Cambridge University Press, 1990,pp80-82.
  • 7Curtis Milhaupt, "The Market for Innovation in the United States and Japan: Venture Capital and the Comparative Corporate Govermence Debate," 91 Northwestern Universtiy Law Review 865 at 874 (1997).
  • 8Ministry of International Trade and Industry, white paper, pp 197 - 202 (1995).
  • 9Venture Capital Yearbook, 1995.
  • 10European Ventrue Capital yearbook, 1995.

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