Financial Contracts and Contingent Control Rights

Status of financial contracts of people with bipolar disorder from a civil rights perspective.

The basis of legal acts is the will of individuals, and without the intention and will, the nature of credit does not exist. The will is an internal and sensual matter and will not have legal effects until it is expressed and expressed. The spread of new mental illnesses in people has caused the will of people with different types of such illnesses to be questioned. With the spread of informati...

1 Allocation of Control Rights in Fruit and Vegetable Contracts

Joint Control and Redemption Rights in Venture Capital Contracts * Introduction

Often entrepreneurs and investors agree to governance mechanisms that resemble joint control – neither agent has dominant control of the firm, and corporate decisions unspecified in the initial contract are made only with the approval of both agents. This contradicts theoretical predictions that joint control is suboptimal, except under some limited circumstances. I develop a theoretical model ...

Financial Contracts and Enforcement

(a) (Limited) Commitment and renegotiation (b) Payments and enforcement are chosen optimally as part of a PBNE (c) Information revelation (d) Stochastic versus deterministic contracts (debt is optimal when commitment is limited) 3. Enforcement and firm finance: Krasa, Sharma and Villamil [7] (a) The model (b) The effect of c on firm finance (c) The effect of η on firm finance

The allocation of control rights in venture capital contracts

Venture capitalists often hold extensive control rights over entrepreneurial companies, including the right to fire entrepreneurs. This paper examines why, and under what circumstances, entrepreneurs would voluntarily relinquish control. Control rights protect the venture capitalists from hold-up by the entrepreneurs. This provides the correct incentives for the venture capitalists to search fo...