Geographic Concentration of Venture Capital Investors, Corporate Monitoring, and Firm Performance
Author: Kang, Jun-Koo, Li, Yingxiang, Oh, Seungjoon on May 24, 2019
The coordination of venture capital (VC) investors in their syndicate significantly influences their choice of contractual terms and portfolio firm performance. The difficulties in coordination and corporate monitoring incentivize VC investors to choose contractual mechanisms designed to protect them from the downside risks of early-stage entrepreneurial firms. Moreover, their firms…
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