The use of covenants: An empirical analysis of venture partnership agreements

Journal of Law and Economics

Volumn 39, Issue 2, 1996, Pages 463-498

  Gompers, Paul ^a   Lerner, Josh ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0030525137     PISSN: 00222186     EISSN: None     Source Type: Journal    
DOI: 10.1086/467356     Document Type: Article

References (33)

1. Asset Alternatives. "Iowa Suits Test LPs' Authority to Abolish Fund." Private Equity Analyst 4 (May 1994): 1, 9.
2. Asset Alternatives. "Warburg Points the Way toward a Lower Carry." Private Equity Analyst 4 (July 1994): 7.
3. Bartlett, Joseph W. Venture Capital Law, Business, Strategies, and Investment Planning. New York: Wiley, 1988.
4. Bartlett, Joseph W. Venture Capital Law, Business, Strategies, and Investment Planning: 1994 Supplement. New York: Wiley, 1994.
5. Crocker, Keith J., and Reynolds, Kenneth J. "The Efficiency of Incomplete Contracts: An Empirical Analysis of Air Force Engine Procurement." Rand Journal of Economics 24 (1993): 126-46.
6. Dauchy, Craig E., and Harmon, Mark T. "Structuring Venture Capital Limited Partnerships." Computer Lawyer 3 (November 1986): 1-8.
7. Ely, E. S. "Dr. Silver's Tarnished Prescription." Venture 9 (July 1987): 54-58.
8. Gallese, Liz R. "Venture Capital Strays Far from Its Roots." New York Times Magazine 139 (April 1, 1990): S24-S39.
9. Gompers, Paul A., and Lerner, Josh. "An Analysis of Compensation in the U.S. Venture Capital Partnership." Unpublished manuscript. Boston: Harvard University, 1995.
10. Goodman, Edwin A. "Gatekeepers' 'Reforms' Reap Negative Consequences." Venture Capital Journal 30 (December 1990): 25-28.
11. Grassmuck, Karen. "The Much-Praised and Often-Criticized 'Architect' of Harvard's Endowment Growth Steps Down." Chronicle of Higher Education 36 (June 6, 1990): A25-A27.
12. Grossman, Sanford, and Hart, Oliver. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration." Journal of Political Economy 94 (1986): 691-719.
13. Halloran, Michael J. "Agreement of Limited Partnership." In Venture Capital and Public Offering Negotiation, edited by Michael J. Halloran, Lee F. Benton, Robert V. Gunderson, Jr., Keith L. Kearney, and Jorge del Calvo, 1:1-217. Englewood Cliffs, N.J.: Prentice Hall, 1992.
14. Hubbard, R. Glenn, and Weiner, Robert J. "Efficient Contracting and Market Power: Evidence from the U.S. Natural Gas Industry." Journal of Law and Economics 34 (1991): 25-67.
15. Huemer, Jason. "Brinson Partners on a Roll." Venture Capital Journal 32 (June 1992): 32-36.
16. Jensen, Michael C., and Meckling, William H. "Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure." Journal of Financial Economics 3 (1976): 305-60.
17. King, Ralph, Jr. "'The Money Corner.'" Forbes 145 (March 5, 1990): 38-40.
18. Klein, Benjamin; Crawford, Robert G.; and Alchian, Armen A. "Vertical Integration, Appropriable Rents and the Competitive Contracting Process." Journal of Law and Economics 21 (1978): 297-326.
19. Kunze, Robert J. Nothing Ventured: The Perils and Payoffs of the Great American Venture Capital Game. New York: HarperBusiness, 1990.
20. Lakonishok, Josef; Shleifer, Andrei; and Vishny, Robert W. "The Structure and Performance of the Money Management Industry." Brookings Papers on Economic Activity: Microeconomics, 1992, pp. 339-91.
21. Lehn, Kenneth, and Poulsen, Annette. "Contractual Resolution of Bondholder-Stockholder Conflicts in Leveraged Buyouts." Journal of Law and Economics 34 (1991): 645-73.
22. Levin, Jack S. Structuring Venture Capital, Private Equity, and Entrepreneurial Transactions. Chicago: Commerce Clearing House, 1994.
23. Maddala, G. S. Limited-Dependent and Qualitative Variables in Econometrics. New York: Cambridge University Press, 1983.
24. Malitz, Ileen. "On Financial Contracting: The Determinants of Bond Covenants." Financial Management 15 (Summer 1986): 18-25.
25. Pittman, Russell. "Specific Investments, Contracts, and Opportunism: The Evolution of Railroad Sidetrack Agreements." Journal of Law and Economics 34 (1991): 565-89.
26. Sahlman, William A. "The Structure and Governance of Venture Capital Organizations." Journal of Financial Economics 27 (1990): 473-521.
27. Smith, Clifford W., Jr., and Warner, Jerold B. "On Financial Contracting: An Analysis of Bond Covenants." Journal of Financial Economics 7 (1979): 117-61.
28. Venture Economics. "Investment Managers - a Force in the Venture Capital Industry." Venture Capital Journal 29 (September 1989): 10-17.
29. Venture Economics. Terms and Conditions of Venture Capital Partnerships. Needham: Venture Economics, 1989.
30. Venture Economics. Venture Capital Performance - 1989. Needham: Venture Economics, 1989.
31. Venture Economics. 1992 Terms and Conditions of Venture Capital Partnerships. Boston: Venture Economics, 1992.
32. Williamson, Oliver E. "Transaction-Cost Economics: The Governance of Contractual Relations." Journal of Law and Economics 22 (1979): 233-61.
33. Williamson, Oliver E. The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting. New York: Free Press, 1985.