Stage Financing and the Role of Convertible Securities

DOI10.1111/1467-937X.00235MaRDI QIDQ4446335zbMATH OpenFDO

Authors Francesca Cornelli, Oved Yosha

Publication date 2003

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1111/1467-937X.00235

zbMATH Keywords

convertible debtventure capital financingwindow dressing

Mathematics Subject Classification ID

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Cited in

(17)

• Optimal securities under adverse selection and moral hazard
• The price of `one person, one vote'
• The two-stage model of entrepreneurs financing based on the entry/exit decision
• Stable unions
• Bargaining and exclusivity in a borrower-lender relationship
• Security design with status concerns
• Monitoring innovation
• Convertible securities and control rights in venture firms
• Venture capital, staged financing and optimal funding policies under uncertainty
• Convertibles in Sequential Financing*
• Staged Financing: An Agency Perspective
• Venture Capital Finance: A Security Design Approach *
• The performance of venture capital investments: failure risk, valuation uncertainty \& venture characteristics
• Upfront versus staged financing: the role of verifiability
• Renegotiating moral hazard contracts under limited liability and monotonicity
• Two-sided asymmetric information and convertible securities in venture financing
• Risk sharing, risk shifting and the role of convertible debt

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