Convertible Securities and Venture Capital Finance

Journal of Finance

Volumn 58, Issue 3, 2003, Pages 1139-1166

  Schmidt, Klaus M ^a  

^a UNIVERSITY OF MUNICH   (Germany)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0142219284     PISSN: 00221082     EISSN: None     Source Type: Journal    
DOI: 10.1111/1540-6261.00561     Document Type: Review

References (27)

1. Admati, Anat R., and Paul Pfleiderer, 1994, Robust financial contracting and the role of venture capitalists, Journal of Finance 49, 371-402.
2. Bergemann, Dirk, and Ulrich Hege, 1997, Venture capital financing, moral hazard, and learning, Journal of Banking and Finance 22, 703-735.
3. Berglöf, Erik, 1994, A control theory of venture capital finance, Journal of Law, Economics and Organisation 62, 257-282.
4. Biais, Bruno, and Catherine Casamatta, 1999, Optimal leverage and aggregate investment, Journal of Finance 54, 1291-1323.
5. Bolton, Patrick, and David Scharfstein, 1996, Optimal debt structure and the number of creditors, Journal of Political Economy 104, 1-25.
6. Cestone, Giacinta, and Lucy Wright, 2000, Anti-competitive financial contracting: The design of financial claims, Mimeo, GREMAQ, University of Toulouse.
7. Cornelli, Francesca, and Oved Yosha, 2003, Stage financing and the role of convertible debt, Review of Economic Studies 70, 1-32.
8. D'Souza, Patrick, 2001, Convertible securities as a revelation mechanism and incentive scheme in venture capital, Mimeo, University of Munich.
9. Gompers, Paul A., 1997, Ownership and control in entrepreneurial firms: An examination of convertible securities in venture capital investments, Mimeo, Harvard Business School.
10. Gorman, Michael, and William A. Sahlman, 1989, What do venture capitalists do? Journal of Business Venturing 4, 231-248.
11. Green, Richard C., 1984, Investment incentives, debt, and warrants, Journal of Financial Economics 13, 115-136.
12. Grossman, Sanford J., and Oliver Hart, 1986, The costs and benefits of ownership: A theory of vertical and lateral integration, Journal of Political Economy 94, 691-719.
13. Hellmann, Thomas, 1998, The allocation of control rights in venture capital contracts, RAND Journal of Economics 29, 57-67.
14. Hellmann, Thomas, 2000, IPOs, acquisitions, and the use of convertible securities in venture capital, Mimeo, Stanford GSB.
15. Hellmann, Thomas, and Manju Puri, 2000, The interaction between product market and financing strategy: The role of venture capital, Review of Financial Studies 13, 959-984.
16. Hellmann, Thomas, and Manju Puri, 2002, Venture capital and the professionalization of start-up firms: Empirical evidence, Journal of Finance 57, 169-198.
17. Holmström, Bengt, 1982, Moral hazard in teams, Bell Journal of Economics 13, 324-340.
18. Kaplan, Steven N., and Per Strömberg, 2000, Financial contracting theory meets the real world: An empirical analysis of venture capital contracts, CEPR Discussion Paper No. 2421.
19. Kortum, Samual, and Josh Lerner, 2000, Assessing the contribution of venture capital finance to innovation, RAND Journal of Economics 31, 674-692.
20. Lerner, Joshua, 1994, The syndication of venture capital investments, Financial Management 23, 16-27.
21. Lerner, Joshua, 1995, Venture capitalists and the oversight of private firms, Journal of Finance 50, 301-318.
22. Lülfesmann, Christoph, 2001, Limited liability and option contracts in models with sequential investments, Mimeo, University of Bonn.
23. Marx, Leslie, 1998, Efficient venture capital financing combining debt and equity. Review of Economic Design 3, 371-387.
24. Nöldeke, Georg, and Klaus M. Schmidt, 1998, Sequential investments and options to own, RAND Journal of Economics 29, 633-653.
25. Repullo, Rafael, and Javier Suarez, 1999, Venture capital finance: A security design approach, CEPR Discussion Paper No. 2097.
26. Sahlman, W., 1990, The structure and governance of venture-capital organizations, Journal of Financial Economics 27, 473-521.
27. Schmidt, K.M., 1999, Convertible securities and venture capital finance, CEPR Discussion Paper No. 2317.