Agency Costs, Institutions, Learning and Taxation in Venture Capital Contracting

By Douglas J. Cumming. 2005

169 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/27dc10c0f23a935b38c0e8a4540b0a35c0b64dce

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Citations in the corpus

Information asymmetries, agency costs and venture capital exit outcomes (2008, unknown): “However, in Canada (Cumming 2005) and Europe (Schwienbacher 2003; Cumming 2006), as well as all other non-US countries from which VC data are available (Lerner and Schoar 2005), VCs use a variety of securities.”
Success in Global Venture Capital Investing: Do Institutional and Cultural Differences Matter? (2014, unknown): “We obtain global data on VC transactions from two sources: the Thomson 3Other studies by Cumming (2005b) and Cumming and Johan (2009) point out though that U.S.-style VC contracts are not universally prominent and that country-specific regulation is an important determinant of contract structures.”
An entrepreneur's choice of venture capitalist or angel-financing: A behavioral game-theoretic approach (2011, background): “Indeed, Cumming (2005) presents evidence that the Canadian VC sector features a much higher proportion of straight common equity contracts, compared to the US VC sector (which makes heavy use of convertibles). Cumming provides a possible behavioral finance argument for this observation. That is, he ”
Financing entrepreneurship: Bank finance versus venture capital (2007, background): “Debt is more common in Canada, as described by Cumming (2005).”
Institutions and Venture Capital (2013, background): “(2007); Cumming et al. (2006); and Hazarika et al. (2009) study only how the legal environment affects venture capital activities. Lerner and Schoar (2005) found that it matters for contracting terms; Kaplan et al.”
Preplanned Exit Strategies in Venture Capital (2008, background): “We do not study the factors that affect actual exit and returns performance in this paper; earlier work considered that issue (Cumming, 2005b), although faced endogeneity issues.”