Explaining diversity in venture capital contract design: a multinational perspective
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
Oestrich-Winkel
2009
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | IX, 202 S. |
Staff View
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Record in the Search Index
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|---|---|
| adam_text |
SUMMARY
OF
CONTENTS
LIST
OF
TABLES
VI
LIST
OF
ABBREVIATIONS
VIII
1
INTRODUCTION
1
1.1
MOTIVATION
AND
GOAL
.
1
1.2
OUTLINE
.
3
2
DESCRIPTION
OF
THE
DATASET
5
2.1
DATA
COLLECTION
.
5
2.2
DATASET
SUMMARY
.
8
2.3
REPRESENTATIVENESS
AND
SAMPLE
SELECTION
ISSUES
.
21
3
INTERNATIONAL
DIFFERENCES
IN
VENTURE
CAPITAL
CONTRACTING
BE
HAVIOR
23
3.1
INTRODUCTION
.
24
3.2
LITERATURE
OVERVIEW
AND
DEVELOPMENT
OF
HYPOTHESES
.
26
3.3
UNIVARIATE
ANALYSIS
.
38
3.4
MULTIVARIATE
ANALYSIS
.
52
3.5
CONCLUSION
AND
OUTLOOK
.
79
4
LEARNING
IN
INTERNATIONAL
VENTURE
CAPITAL
MARKETS
-
THE
EVO
LUTION
OF
CONTRACTS
82
4.1
INTRODUCTION
.
83
4.2
LITERATURE
OVERVIEW
AND
DEVELOPMENT
OF
HYPOTHESES
.
84
4.3
UNIVARIATE
ANALYSIS
.
91
4.4
MULTIVARIATE
ANALYSIS
.
98
4.5
CONCLUSION
AND
OUTLOOK
.
125
5
CONTROL
SHIFTS
IN
VENTURE
CRISES
129
5.1
INTRODUCTION
.
130
5.2
LITERATURE
OVERVIEW
AND
DEVELOPMENT
OF
HYPOTHESES
.
132
5.3
DESCRIPTION
OF
VARIABLES
.
136
5.4
OVERALL
LEVEL
OF
CONTROL
.
143
5.5
INDIVIDUAL
CONTROL
PROVISIONS
.
159
5.6
ROBUSTNESS
CHECKS
.
167
5.7
CONCLUSION
.
168
APPENDIX
.
171
6
CONCLUSION
AND
OUTLOOK
184
6.1
SUMMARY
OF
THE
RESULTS
.
184
6.2
IMPLICATIONS
FOR
FUTURE
RESEARCH
.
186
REFERENCES
188
DECLARATIONS
199
II
TABLE
OF
CONTENTS
LIST
OF
TABLES
VI
LIST
OF
ABBREVIATIONS
VIII
1
INTRODUCTION
1
1.1
MOTIVATION
AND
GOAL
.
1
1.2
OUTLINE
.
3
2
DESCRIPTION
OF
THE
DATASET
5
2.1
DATA
COLLECTION
.
5
2.2
DATASET
SUMMARY
.
8
2.2.1
OVERVIEW
OF
TRANSACTIONS
.
8
2.2.2
PORTFOLIO
FIRM
CHARACTERISTICS
.
12
2.2.3
LEAD
INVESTOR
CHARACTERISTICS
.
14
2.2.4
FINANCIAL
INSTRUMENTS
.
16
2.2.5
SEPARATION
OF
OWNERSHIP
AND
CONTROL
.
17
2.3
REPRESENTATIVENESS
AND
SAMPLE
SELECTION
ISSUES
.
21
3
INTERNATIONAL
DIFFERENCES
IN
VENTURE
CAPITAL
CONTRACTING
BE
HAVIOR
23
3.1
INTRODUCTION
.
24
3.2
LITERATURE
OVERVIEW
AND
DEVELOPMENT
OF
HYPOTHESES
.
26
3.2.1
LITERATURE
REVIEW
ON
INTERNATIONAL
CONTRACTING
PRACTICES
26
3.2.1.1
THEORETICAL
DESIGN
PRINCIPLES
.
26
3.2.1.2
EMPIRICAL
FINDINGS
IN
INTERNATIONAL
VC
MARKETS
29
3.2.2
DEVELOPMENT
OF
HYPOTHESES
.
31
3.3
UNIVARIATE
ANALYSIS
.
38
3.3.1
CONTRACTING
DIFFERENCES
ACROSS
COUNTRIES
.
38
3.3.2
CROSS-COUNTRY
CONTRACTING
DIFFERENCES
AND
VC
CHARAC
TERISTICS
46
3.3.3
CONTRACTING
DIFFERENCES
AND
DEAL
CHARACTERISTICS
.
50
III
3.4
MULTIVARIATE
ANALYSIS
.
52
3.4.1
DEFINITION
OF
VARIABLES
.
52
3.4.1.1
DEPENDENT
VARIABLE:
US-STYLE
CONTRACTING
INDEX
52
3.4.1.2
EXPLANATORY
VARIABLES
.
54
3.4.1.3
CONTROL
VARIABLES
.
57
3.4.1.4
BRIEF
SUMMARY
STATISTICS
.
59
3.4.2
INTERNATIONAL
DIFFERENCES
AND
VC
CHARACTERISTICS
.
62
3.4.3
CULTURAL
DIFFERENCES
AND
TRUST
.
67
3.4.4
DETAILED
REGRESSIONS
.
68
3.4.5
ROBUSTNESS
CHECKS
.
76
3.5
CONCLUSION
AND
OUTLOOK
.
79
4
LEARNING
IN
INTERNATIONAL
VENTURE
CAPITAL
MARKETS
-
THE
EVO
LUTION
OF
CONTRACTS
82
4.1
INTRODUCTION
.
83
4.2
LITERATURE
OVERVIEW
AND
DEVELOPMENT
OF
HYPOTHESES
.
84
4.2.1
LITERATURE
REVIEW
ON
THE
INTERNATIONAL
USE
OF
US
TERMS
.
84
4.2.2
DEVELOPMENT
OF
HYPOTHESES
.
87
4.3
UNIVARIATE
ANALYSIS
.
91
4.3.1
EVIDENCE
OF
INTERNATIONAL
LEARNING
BEHAVIOR
.
91
4.3.2
EVIDENCE
OF LEARNING
BEHAVIOR
BY
INVESTORS
.
95
4.4
MULTIVARIATE
ANALYSIS
.
98
4.4.1
DESCRIPTION
OF
VARIABLES
.
98
4.4.1.1
DEPENDENT
VARIABLES
.
98
4.4.1.2
EXPLANATORY
VARIABLES
.
99
4.4.1.3
CONTROL
VARIABLES
.
101
4.4.1.4
BRIEF
SUMMARY
STATISTICS
.
102
4.4.2
LEARNING
IN
NON-COMMON
LAW
REGIMES
.
104
4.4.3
LEARNING
IN
OPEN
VENTURE
CAPITAL
MARKETS
.
109
4.4.4
LEARNING
THROUGH
INVESTMENT
EXPERIENCE
.
111
4.4.5
ROBUSTNESS
CHECKS
.
120
4.5
CONCLUSION
AND
OUTLOOK
.
125
5
CONTROL
SHIFTS
IN
VENTURE
CRISES
129
5.1
INTRODUCTION
.
130
5.2
LITERATURE
OVERVIEW
AND
DEVELOPMENT
OF
HYPOTHESES
.
132
5.2.1
LITERATURE
REVIEW
ON
THE
ALLOCATION
OF
CONTROL
.
132
5.2.2
DEVELOPMENT
OF
HYPOTHESES
.
133
5.3
DESCRIPTION
OF
VARIABLES
.
136
5.3.1
DEPENDENT
VARIABLES
.
136
IV
5.3.2
EXPLANATORY
VARIABLES
.
138
5.3.3
CONTROL
VARIABLES
.
139
5.3.4
BRIEF
SUMMARY
STATISTICS
.
140
5.4
OVERALL
LEVEL
OF
CONTROL
.
143
5.4.1
UNIVARIATE
ANALYSIS
.
143
5.4.2
MULTIVARIATE
ANALYSIS
.
145
5.4.2.1
GENERAL
REACTION
TO
CRISES
.
145
5.4.2.2
DIFFERENTIATION
BY
CRISIS
EVENT
.
147
5.5
INDIVIDUAL
CONTROL
PROVISIONS
.
159
5.5.1
THEORETICAL
CONSIDERATIONS
.
159
5.5.2
UNIVARIATE
ANALYSIS
.
161
5.5.3
MULTIVARIATE
ANALYSIS
.
163
5.6
ROBUSTNESS
CHECKS
.
167
5.7
CONCLUSION
.
168
APPENDIX
.
171
6
CONCLUSION
AND
OUTLOOK
184
6.1
SUMMARY
OF
THE
RESULTS
.
184
6.2
IMPLICATIONS
FOR
FUTURE
RESEARCH
.
186
REFERENCES
188
DECLARATIONS
199 |
| any_adam_object | 1 |
| author | Burchardt, Jens 1981- |
| author_GND | (DE-588)140054456 |
| author_facet | Burchardt, Jens 1981- |
| author_role | aut |
| author_sort | Burchardt, Jens 1981- |
| author_variant | j b jb |
| building | Verbundindex |
| bvnumber | BV026751078 |
| ctrlnum | (OCoLC)918303917 (DE-599)DNB999079719 |
| dewey-full | 332.04154 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.04154 |
| dewey-search | 332.04154 |
| dewey-sort | 3332.04154 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Thesis Book |
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| id | DE-604.BV026751078 |
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| indexdate | 2024-08-17T00:40:01Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-022288465 |
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| open_access_boolean | |
| owner | DE-188 |
| owner_facet | DE-188 |
| physical | IX, 202 S. |
| publishDate | 2009 |
| publishDateSearch | 2009 |
| publishDateSort | 2009 |
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| spelling | Burchardt, Jens 1981- Verfasser (DE-588)140054456 aut Explaining diversity in venture capital contract design a multinational perspective Jens Burchardt Oestrich-Winkel 2009 IX, 202 S. txt rdacontent n rdamedia nc rdacarrier Oestrich-Winkel, Europ. Business School, Diss., 2009 Risikokapital (DE-588)4124067-4 gnd rswk-swf Internationaler Vergleich (DE-588)4120509-1 gnd rswk-swf Investitionsrisiko (DE-588)4475258-1 gnd rswk-swf Wagnisfinanzierungsgesellschaft (DE-588)4192818-0 gnd rswk-swf Vertrag (DE-588)4063270-2 gnd rswk-swf Beteiligungsfinanzierung (DE-588)4144978-2 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Wagnisfinanzierungsgesellschaft (DE-588)4192818-0 s Beteiligungsfinanzierung (DE-588)4144978-2 s Risikokapital (DE-588)4124067-4 s Investitionsrisiko (DE-588)4475258-1 s Vertrag (DE-588)4063270-2 s Internationaler Vergleich (DE-588)4120509-1 s DE-188 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022288465&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Burchardt, Jens 1981- Explaining diversity in venture capital contract design a multinational perspective Risikokapital (DE-588)4124067-4 gnd Internationaler Vergleich (DE-588)4120509-1 gnd Investitionsrisiko (DE-588)4475258-1 gnd Wagnisfinanzierungsgesellschaft (DE-588)4192818-0 gnd Vertrag (DE-588)4063270-2 gnd Beteiligungsfinanzierung (DE-588)4144978-2 gnd |
| subject_GND | (DE-588)4124067-4 (DE-588)4120509-1 (DE-588)4475258-1 (DE-588)4192818-0 (DE-588)4063270-2 (DE-588)4144978-2 (DE-588)4113937-9 |
| title | Explaining diversity in venture capital contract design a multinational perspective |
| title_auth | Explaining diversity in venture capital contract design a multinational perspective |
| title_exact_search | Explaining diversity in venture capital contract design a multinational perspective |
| title_full | Explaining diversity in venture capital contract design a multinational perspective Jens Burchardt |
| title_fullStr | Explaining diversity in venture capital contract design a multinational perspective Jens Burchardt |
| title_full_unstemmed | Explaining diversity in venture capital contract design a multinational perspective Jens Burchardt |
| title_short | Explaining diversity in venture capital contract design |
| title_sort | explaining diversity in venture capital contract design a multinational perspective |
| title_sub | a multinational perspective |
| topic | Risikokapital (DE-588)4124067-4 gnd Internationaler Vergleich (DE-588)4120509-1 gnd Investitionsrisiko (DE-588)4475258-1 gnd Wagnisfinanzierungsgesellschaft (DE-588)4192818-0 gnd Vertrag (DE-588)4063270-2 gnd Beteiligungsfinanzierung (DE-588)4144978-2 gnd |
| topic_facet | Risikokapital Internationaler Vergleich Investitionsrisiko Wagnisfinanzierungsgesellschaft Vertrag Beteiligungsfinanzierung Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022288465&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT burchardtjens explainingdiversityinventurecapitalcontractdesignamultinationalperspective |