메뉴 건너뛰기




Volumn , Issue , 2022, Pages 3-51

The structure and governance of venture-capital organizations

Author keywords

[No Author keywords available]

Indexed keywords


EID: 85013847014     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.4324/9781315235110-2     Document Type: Chapter
Times cited : (7)

References (80)
  • 4
    • 0000118836 scopus 로고
    • Imperfect information, dividend policy and the ‘bird in the hand’ fallacy
    • Bhattacharya, Sudipto, 1979, Imperfect information, dividend policy and the ‘bird in the hand’ fallacy, Bell Journal of Economics 10, 259-270.
    • (1979) Bell Journal of Economics , vol.10 , pp. 259-270
    • Bhattacharya, S.1
  • 5
    • 0001149477 scopus 로고
    • The choice of organizational form: The case of franchising
    • Brickley, James A. and Frederick H. Dark, 1987, The choice of organizational form: The case of franchising, Journal of Financial Economics 18, 401-420.
    • (1987) Journal of Financial Economics , vol.18 , pp. 401-420
    • Brickley, J.A.1    Dark, F.H.2
  • 8
    • 0003421866 scopus 로고
    • (U.S. Government Printing Office, Washington, DC)
    • Council of Economic Advisors, 1990, Economic report of the President (U.S. Government Printing Office, Washington, DC).
    • (1990) Economic Report of the President
  • 9
    • 0000806744 scopus 로고
    • Agency problems and the theory of the firm
    • Fama, Eugene F., 1980, Agency problems and the theory of the firm, Journal of Political Economy 88, 288-307.
    • (1980) Journal of Political Economy , vol.88 , pp. 288-307
    • Fama, E.F.1
  • 10
    • 0001683216 scopus 로고
    • Organization forms and investment decisions
    • Fama, Eugene F. and Michael C. Jensen, 1985, Organization forms and investment decisions, Journal of Financial Economics 14, 101-119.
    • (1985) Journal of Financial Economics , vol.14 , pp. 101-119
    • Fama, E.F.1    Jensen, M.C.2
  • 11
  • 16
    • 85141545382 scopus 로고
    • (Horsley Keogh & Associates, Pittsford, NY)
    • Horsley Keogh & Associates, 1988, Horsley Keogh venture study (Horsley Keogh & Associates, Pittsford, NY).
    • (1988) Horsley Keogh Venture Study
    • Keogh, H.1
  • 17
    • 0002579884 scopus 로고
    • Investment in new enterprise: Some empirical observations on risk, return, and market structure
    • Huntsman, Blaine and James P. Iloman, Jr., 1980, Investment in new enterprise: Some empirical observations on risk, return, and market structure, Financial Management 9, 44-51.
    • (1980) Financial Management , vol.9 , pp. 44-51
    • Huntsman, B.1    Iloman, J.P.2
  • 19
    • 0001066475 scopus 로고
    • The agency costs of free cash flow: Corporate finance and takeovers
    • Jensen, Michael C, 1986, The agency costs of free cash flow: Corporate finance and takeovers, American Economic Review 76, 323-329.
    • (1986) American Economic Review , vol.76 , pp. 323-329
    • Jensen, M.C.1
  • 20
    • 0001900756 scopus 로고
    • Takeovers: Their causes and consequences
    • Jensen, Michael C, 1988, Takeovers: Their causes and consequences, Journal of Economic Perspectives 2, 21-38.
    • (1988) Journal of Economic Perspectives , vol.2 , pp. 21-38
    • Jensen, M.C.1
  • 21
    • 0001806740 scopus 로고
    • Active investors, lbos, and the privatization of bankruptcy
    • Jensen, Michael C, 1989, Active investors, LBOs, and the privatization of bankruptcy, Journal of Applied Corporate Finance 2, 35-49.
    • (1989) Journal of Applied Corporate Finance , vol.2 , pp. 35-49
    • Jensen, M.C.1
  • 22
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs and ownership structure
    • Jensen, Michael C. and William H. Meckling, 1976, Theory of the firm: Managerial behavior, agency costs and ownership structure, Journal of Financial Economics 3, 305-360.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.H.2
  • 23
    • 84936016411 scopus 로고
    • Performance pay and top management incentives
    • Jensen, Michael C. and Kevin J. Murphy, 1990, Performance pay and top management incentives, Journal of Political Economy 98, 225-264.
    • (1990) Journal of Political Economy , vol.98 , pp. 225-264
    • Jensen, M.C.1    Murphy, K.J.2
  • 24
    • 34447504242 scopus 로고
    • The market for corporate control: The scientific evidence
    • Jensen, Michael C. and R. Ruback, 1983, The market for corporate control: The scientific evidence, Journal of Financial Economics 11, 5-50.
    • (1983) Journal of Financial Economics , vol.11 , pp. 5-50
    • Jensen, M.C.1    Ruback, R.2
  • 26
    • 85141469229 scopus 로고
    • Horizon Group, 286-058 Rev. 9/86 (Publishing Division, Harvard Business School, Boston, MA)
    • Knights, David H. and William A. Sahlman, 1986a, Horizon Group, 286-058 Rev. 9/86 (Publishing Division, Harvard Business School, Boston, MA).
    • (1986)
    • Knights, D.H.1    Sahlman, W.A.2
  • 27
    • 85141501760 scopus 로고
    • Centex Telemanagement, Inc., 286-059 Rev. 9/88 (Publishing Division, Harvard Business School, Boston, MA)
    • Knights, David H. and William A. Sahlman, 1986b, Centex Telemanagement, Inc., 286-059 Rev. 9/88 (Publishing Division, Harvard Business School, Boston, MA).
    • (1986)
    • Knights, D.H.1    Sahlman, W.A.2
  • 28
    • 85141470337 scopus 로고
    • Vertex Peripherals, 286-069 Rev. 12/87 (Publishing Division, Harvard Business School, Boston, MA)
    • Knights, David H. and William A. Sahlman, 1986c, Vertex Peripherals, 286-069 Rev. 12/87 (Publishing Division, Harvard Business School, Boston, MA).
    • (1986)
    • Knights, D.H.1    Sahlman, W.A.2
  • 29
    • 85141525499 scopus 로고
    • Priam Corporation - Vertex Peripherals, 286-103 Rev. 9/86 (Publishing Division, Harvard Business School, Boston, MA)
    • Knights, David H. and William A. Sahlman, 1986d, Priam Corporation - Vertex Peripherals, 286-103 Rev. 9/86 (Publishing Division, Harvard Business School, Boston, MA).
    • (1986)
    • Knights, D.H.1    Sahlman, W.A.2
  • 31
    • 0000140435 scopus 로고
    • Information asymmetries, financial structure and financial intermediation
    • Leland, Hayne and David Pyle, 1977, Information asymmetries, financial structure and financial intermediation, Journal of Finance 32, 371-387.
    • (1977) Journal of Finance , vol.32 , pp. 371-387
    • Leland, H.1    Pyle, D.2
  • 32
    • 45249130669 scopus 로고
    • Venture capitalists’ involvement in their investments: Extent and performance
    • MacMillan, Ian C, David M. Kulow, and Roubina Khoylian, 1989, Venture capitalists’ involvement in their investments: Extent and performance, Journal of Business Venturing 4, 27-34.
    • (1989) Journal of Business Venturing , vol.4 , pp. 27-34
    • MacMillan, I.C.1    Kulow, D.M.2    Khoylian, R.3
  • 36
    • 49449125071 scopus 로고
    • Determinants of corporate borrowing
    • Myers, Stewart C, 1977, Determinants of corporate borrowing, Journal of Financial Economics 5, 147-176.
    • (1977) Journal of Financial Economics , vol.5 , pp. 147-176
    • Myers, S.C.1
  • 38
    • 0017470663 scopus 로고
    • The determination of financial structure: The incentive signalling approach
    • Ross, Stephen, 1977, The determination of financial structure: The incentive signalling approach, Bell Journal of Economics 8, 23-40.
    • (1977) Bell Journal of Economics , vol.8 , pp. 23-40
    • Ross, S.1
  • 39
    • 85141525035 scopus 로고
    • Technical Data Corporation, 283-072 Rev. 12/87 (Publishing Division, Harvard Business School, Boston, MA)
    • Sahlrnan, William A., 1983a, Technical Data Corporation, 283-072 Rev. 12/87 (Publishing Division, Harvard Business School, Boston, MA).
    • (1983)
    • Sahlrnan, W.A.1
  • 40
    • 85141539829 scopus 로고
    • Technical Data Corporation Business Plan, 283-073 Rev. U/87 (Publishing Division, Harvard Business School, Boston, MA)
    • Sahlman, William A., 1983b, Technical Data Corporation Business Plan, 283-073 Rev. U/87 (Publishing Division, Harvard Business School, Boston, MA).
    • (1983)
    • Sahlman, W.A.1
  • 41
    • 85141504945 scopus 로고
    • Priam Corporation, 284-043 Rev. 9/84 (Publishing Division, Harvard Business School, Boston, MA)
    • Sahlman, William A., 1984, Priam Corporation, 284-043 Rev. 9/84 (Publishing Division, Harvard Business School, Boston, MA).
    • (1984)
    • Sahlman, W.A.1
  • 42
    • 85141489384 scopus 로고
    • CML Group, Inc. - Going public (A), 285-003 Rev. 9/86 (Publishing Division, Harvard Business School, Boston, MA)
    • Sahlman, William A., 1985a, CML Group, Inc. - Going public (A), 285-003 Rev. 9/86 (Publishing Division, Harvard Business School, Boston, MA).
    • (1985)
    • Sahlman, W.A.1
  • 45
    • 85141443605 scopus 로고
    • CML Group, Inc. - Going public (B), 285-092 Rev. 9/86 (Publishing Division, Harvard Business School, Boston, MA)
    • Sahlman, William A., 1985d, CML Group, Inc. - Going public (B), 285-092 Rev. 9/86 (Publishing Division, Harvard Business School, Boston, MA).
    • (1985)
    • Sahlman, W.A.1
  • 46
    • 85141476907 scopus 로고
    • Lotus Development Corporation, 285-094 Rev. 11/87 (Publishing Division, Harvard Business School, Boston, MA)
    • Sahlman, William A., 1985e, Lotus Development Corporation, 285-094 Rev. 11/87 (Publishing Division, Harvard Business School, Boston, MA).
    • (1985)
    • Sahlman, W.A.1
  • 49
    • 85141508228 scopus 로고
    • Palladian Software, 286-065 Rev. 11/87 (Publishing Division, Harvard Business School, Boston, MA)
    • Sahlman, William A., 1986c, Palladian Software, 286-065 Rev. 11/87 (Publishing Division, Harvard Business School, Boston, MA).
    • (1986)
    • Sahlman, W.A.1
  • 50
    • 85141470379 scopus 로고
    • Bank of Boston New Ventures Group, 286-070 Rev. 9/86 (Publishing Division, Harvard Business School, Boston, MA)
    • Sahlman, William A., 1986d, Bank of Boston New Ventures Group, 286-070 Rev. 9/86 (Publishing Division, Harvard Business School, Boston, MA).
    • (1986)
    • Sahlman, W.A.1
  • 51
    • 0002154354 scopus 로고
    • Aspects of financial contracting in venture capital
    • Sahlman, William A., 1988a, Aspects of financial contracting in venture capital, Journal of Applied Corporate Finance 1, 23-36.
    • (1988) Journal of Applied Corporate Finance , vol.1 , pp. 23-36
    • Sahlman, W.A.1
  • 52
    • 85141499285 scopus 로고
    • Note on financial contracting: ‘Deals’, 288-014 Rev. 6/89 (Publishing Division, Harvard Business School, Boston, MA)
    • Sahlman, William A., 1988b, Note on financial contracting: ‘Deals’, 288-014 Rev. 6/89 (Publishing Division, Harvard Business School, Boston, MA).
    • (1988)
    • Sahlman, W.A.1
  • 53
    • 85141473596 scopus 로고
    • Sarah Jenks-Daly, 288-008 Rev. 9/88 (Publishing Division, Harvard Business School, Boston, MA)
    • Sahlman, William A., 1988c, Sarah Jenks-Daly, 288-008 Rev. 9/88 (Publishing Division, Harvard Business School, Boston, MA).
    • (1988)
    • Sahlman, W.A.1
  • 54
    • 85141505971 scopus 로고
    • Report on the Harvard Business School venture capital conference: September 23-24, 1988, Unpublished manuscript (Harvard Business School, Boston, MA
    • Sahlman, William A., 1989a, Report on the Harvard Business School venture capital conference: September 23-24, 1988, Unpublished manuscript (Harvard Business School, Boston, MA).
    • (1989)
    • Sahlman, W.A.1
  • 55
    • 85141448868 scopus 로고
    • Tom Volpe, 289-025 Rev. 2/89 (Publishing Division, Harvard Business School, Boston, MA)
    • Sahlman, William A., 1989b, Tom Volpe, 289-025 Rev. 2/89 (Publishing Division, Harvard Business School, Boston, MA).
    • (1989)
    • Sahlman, W.A.1
  • 56
    • 0041109809 scopus 로고
    • Why sane people shouldn’t serve on public boards
    • Sahlman, William A., 1990, Why sane people shouldn’t serve on public boards, Harvard Business Review 90-3, 28-37.
    • (1990) Harvard Business Review , vol.90-3 , pp. 28-37
    • Sahlman, W.A.1
  • 58
    • 85141540021 scopus 로고
    • Analog Devices - Bipolar Integrated Technology, 286-117 Rev. 12/88 (Publishing Division, Harvard Business School, Boston, MA)
    • Sahlman, William A. and David H. Knights, 1986, Analog Devices - Bipolar Integrated Technology, 286-117 Rev. 12/88 (Publishing Division, Harvard Business School, Boston, MA).
    • (1986)
    • Sahlman, W.A.1    Knights, D.H.2
  • 59
    • 85141498278 scopus 로고
    • A method for valuing high-risk long-term investments, 288-006 Rev. 6/89 (Publishing Division, Harvard Business School, Boston, MA)
    • Sahlman, William A. and Dan Scherlis, 1988, A method for valuing high-risk long-term investments, 288-006 Rev. 6/89 (Publishing Division, Harvard Business School, Boston, MA).
    • (1988)
    • Sahlman, W.A.1    Scherlis, D.2
  • 60
    • 85141455218 scopus 로고
    • Note on the venture capital industry (1981), 285-096 Rev. 11/85 (Publishing Division, Harvard Business School, Boston, MA)
    • Sahlman, William A. and Helen Soussou, 1985a, Note on the venture capital industry (1981), 285-096 Rev. 11/85 (Publishing Division, Harvard Business School, Boston, MA).
    • (1985)
    • Sahlman, W.A.1    Soussou, H.2
  • 61
    • 85141449334 scopus 로고
    • Precision Parts, Inc. (A), 285-131 (Publishing Division, Harvard Business School, Boston, MA
    • Sahlman, William A. and Helen Soussou, 1985b, Precision Parts, Inc. (A), 285-131 (Publishing Division, Harvard Business School, Boston, MA).
    • (1985)
    • Sahlman, W.A.1    Soussou, H.2
  • 62
    • 49249143360 scopus 로고
    • On financial contracting: An analysis of bond convenants
    • Smith, Clifford W., Jr. and Jerold B. Warner, 1979, On financial contracting: An analysis of bond convenants, Journal of Financial Economics 7, 117-161.
    • (1979) Journal of Financial Economics , vol.7 , pp. 117-161
    • Smith, C.W.1    Warner, J.B.2
  • 63
    • 85141494435 scopus 로고
    • Peter Wendell, 286-008 Rev. 1/86 (Publishing Division, Harvard Business School, Boston, MA)
    • Soussou, Helen and William A. Sahlman, 1986, Peter Wendell, 286-008 Rev. 1/86 (Publishing Division, Harvard Business School, Boston, MA).
    • (1986)
    • Soussou, H.1    Sahlman, W.A.2
  • 65
    • 38249034387 scopus 로고
    • Venture capital in transition: A monte carlo simulation of changes in investment patterns
    • Stevenson, Howard H., Daniel F. Muzyka, and Jeifry A. Timmons, 1987, Venture capital in transition: A Monte Carlo simulation of changes in investment patterns, Journal of Business Venturing 2, 103-122.
    • (1987) Journal of Business Venturing , vol.2 , pp. 103-122
    • Stevenson, H.H.1    Muzyka, D.F.2    Timmons, J.A.3
  • 66
    • 0001250369 scopus 로고
    • Incentive effects of terminations: Applications to the credit and labor markets
    • Stiglitz, Joseph E. and Andrew Weiss, 1983, Incentive effects of terminations: Applications to the credit and labor markets, American Economic Review 73, 912-927.
    • (1983) American Economic Review , vol.73 , pp. 912-927
    • Stiglitz, J.E.1    Weiss, A.2
  • 69
    • 0010962225 scopus 로고
    • Venture capital: More than money
    • 12th ed. (Venture Economics, Inc., Needham, MA)
    • Timmons, Jeffry A., 1987, Venture capital: More than money, in: Pratt’s guide to venture capital sources, 12th ed. (Venture Economics, Inc., Needham, MA).
    • (1987) In: Pratt’s Guide to Venture Capital Sources
    • Timmons, J.A.1
  • 72
    • 0008442669 scopus 로고
    • (Venture Economics, Inc., Needham, MA)
    • Venture Economics, 1988a, Exiting venture capital investments (Venture Economics, Inc., Needham, MA).
    • (1988) Exiting Venture Capital Investments
  • 73
    • 84960810689 scopus 로고
    • (Venture Economics, Inc., Needham, MA)
    • Venture Economics, 1988b, Trends in venture capital - 1988 edition (Venture Economics, Inc., Needham, MA).
    • (1988) Trends in Venture Capital - 1988 Edition
  • 75
    • 84970636395 scopus 로고
    • Venture Economics, Inc., Needham, MA
    • Venture Economics,, 1989, Venture capital yearbook 1989 (Venture Economics, Inc., Needham, MA).
    • (1989) Venture Capital Yearbook 1989
  • 76
    • 0020766643 scopus 로고
    • Angels and informal risk capital
    • Wetzel, William E., 1983, Angels and informal risk capital, Sloan Management Review 24, 23-34.
    • (1983) Sloan Management Review , vol.24 , pp. 23-34
    • Wetzel, W.E.1
  • 78
    • 84977702527 scopus 로고
    • Corporate finance and corporate governance
    • Williamson, Oliver E., 1988, Corporate finance and corporate governance, Journal of Finance XLII, 567-591.
    • (1988) Journal of Finance , vol.42 , pp. 567-591
    • Williamson, O.E.1
  • 80
    • 0008396418 scopus 로고
    • Empirical evidence of incentive problems and their mitigation in oil and gas tax shelter programs
    • in: John W. Pratt and Richard J. Zeckhauser, eds., Harvard Business School Press, Boston, MA
    • Wolfson, Mark A., 1985, Empirical evidence of incentive problems and their mitigation in oil and gas tax shelter programs, in: John W. Pratt and Richard J. Zeckhauser, eds., Principals and agents; The structure of business, (Harvard Business School Press, Boston, MA) 101-126.
    • (1985) Principals and Agents; the Structure of Business , pp. 101-126
    • Wolfson, M.A.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.