Venture Investment Incentive Mechanisms and Simulation with Venture Entrepreneurs Having Multistage Efforts Based on Fairness Preference Theory
المؤلفون المشاركون
Wang, Kaihong
Chen, Jiacheng
Li, Aimin
Ding, Chuan
المصدر
Discrete Dynamics in Nature and Society
العدد
المجلد 2016، العدد 2016 (31 ديسمبر/كانون الأول 2016)، ص ص. 1-12، 12ص.
الناشر
Hindawi Publishing Corporation
تاريخ النشر
2016-10-10
دولة النشر
مصر
عدد الصفحات
12
التخصصات الرئيسية
الملخص EN
When venture capital has been invested into venture companies, venture capitalists and venture entrepreneurs form a principal-agent relationship.
Take into account the fact that the venture entrepreneur’s effort is a long process, because the effort is not the same at different stage.
Therefore, efforts variables are seen as the multistage dynamic variable, and venture investment principal-agent model with venture entrepreneurs having multistage efforts is constructed on the basis of the classic principal-agent theory in the paper.
Further, in the later stage effort of venture entrepreneurs is affected by the size of prestage benefit with venture capitalists and venture entrepreneurs; thus the fairness preference model is improved, and venture investment principal-agent model with venture entrepreneurs having multistage efforts is constructed on the basis of fairness preference theory.
Both theoretical derivation and simulation have demonstrated that, under the condition of information asymmetry, if the fairness preference of venture entrepreneurs holds, then (1) venture capitalists provide venture entrepreneurs with level higher than that without fairness preference, (2) in every single stage venture entrepreneurs make efforts higher than those without fairness preference, and (3) in two periods both venture investors and venture entrepreneurs gain total real gains higher than those in two periods without fair preference.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Wang, Kaihong& Ding, Chuan& Chen, Jiacheng& Li, Aimin. 2016. Venture Investment Incentive Mechanisms and Simulation with Venture Entrepreneurs Having Multistage Efforts Based on Fairness Preference Theory. Discrete Dynamics in Nature and Society،Vol. 2016, no. 2016, pp.1-12.
https://search.emarefa.net/detail/BIM-1103504
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Wang, Kaihong…[et al.]. Venture Investment Incentive Mechanisms and Simulation with Venture Entrepreneurs Having Multistage Efforts Based on Fairness Preference Theory. Discrete Dynamics in Nature and Society No. 2016 (2016), pp.1-12.
https://search.emarefa.net/detail/BIM-1103504
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Wang, Kaihong& Ding, Chuan& Chen, Jiacheng& Li, Aimin. Venture Investment Incentive Mechanisms and Simulation with Venture Entrepreneurs Having Multistage Efforts Based on Fairness Preference Theory. Discrete Dynamics in Nature and Society. 2016. Vol. 2016, no. 2016, pp.1-12.
https://search.emarefa.net/detail/BIM-1103504
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references
رقم السجل
BIM-1103504
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر