摘要
本文建立了投资者、风险投资机构和风险企业三方的委托代理模型,分对称信息和非对称信息两种情况对模型进行了分析。通过将持股比例引入模型,使三方构成一个互动的整体。进而又详细分析了哪些因素影响最优持股比例,得出了一些有意义的结论。
This article constrncts a model of the principle-agent, which included investor, venture capitalist and entrepreneur, and produces a number of significant results.It was found that by including their stock's proportionates; the three sides became a commoving ensemble.
出处
《数量经济技术经济研究》
CSSCI
北大核心
2005年第2期121-126,共6页
Journal of Quantitative & Technological Economics
关键词
风险投资
委托代理
持股比例
Venture Capital
Principle-agent Model
Stock's Proportionate
