期刊文献+

风险资本家与企业家合作的博奕分析 被引量:6

Game Analysis on Co-operation between Eentrepreneur and Venture Capitalist
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摘要 风险资本家与企业家的合作是风险投资成功的必要条件。本文设计了一个二阶段风险投资模型 ,并通过对他们之间的动态博奕分析 ,表明风险企业的增值潜力与采取不合作的机会主义策略为企业家带来的个人利益影响博奕均衡的实现 。 Co operation between the entrepreneur and venture capitalist is necessary for venture capital. Based on the two stage investing model and the analysis of dynamic game between them, we suggest that the realization of Nash equilibrium depends on the value increasing of the venture enterprise and the entrepreneur's benefit from taking opportunitical strategies. Furthermore, we discuss the improvement of the Co operation machanism between them.
出处 《预测》 CSSCI 2001年第5期24-26,共3页 Forecasting
关键词 风险投资 企业家 风险资本家 合作 动态博奕 模型 venture capital entrepreneur venture capitalist Co operation dynamic game
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参考文献5

  • 1施锡铨,博奕论,2000年,26页
  • 2王益,风险资本市场理论与实践,2000年,121页
  • 3盛立军,风险投资:操作、机制与策略,1999年,25页
  • 4刘曼红,风险投资:创新与金融,1998年,270页
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同被引文献44

  • 1李俊起.企业家定价与激励[J].经营管理者,2006(12):36-36. 被引量:1
  • 2彼得·杜拉克.创新与企业家精神[M].彭志华译.海口:海南出版社,2000.
  • 3Sahlamn W A. The structure and governance of venture capital organizations[J].Journal of Financial Economics, 1990(27):473-521.
  • 4Admati A R, P/leider P. Robust financial contracting and the role of venture capitalists [J].Journal of Finance, 1994(49):371-402.
  • 5Bergemann D, Hege U. Venture capital financing, moral hazard, and learning [J]. Journal of Banking Finance, 1998(22):703-735.
  • 6Wang Su-sheng, Zhou Hai-lan. Staged financing in venture capital; Moral hazard and risks [J]. Journal of Corporate Finance, 2004(4) : 131-155.
  • 7Ramy E, Arieh G. A multi-period game theoretic model of venture capitalists and entrepreneurs[J]. European Journal of Operational Research, 2003 (144) :440-453.
  • 8Bascha A, Walz U. Convertible securities and optimal exit decisions in venture capital finance[J]. Journal of Corporate Finance, 2001(7):285-306.
  • 9Cornelli F, Yosha O. Stage financing and the role of convertible securities [J]. Review of Economic Studies, 2003(70):1-32.
  • 10Klaus M S. Convertible securities and venture capital finance [J].The Journal of Finance, 2003(3):1139- 1166.

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