Designing yous Investor's Adequate Incentives
Working Papers from Toulouse - GREMAQ
This paper studies the design of financial agreements (claims, tightness of relationships) between entrepreneurs and investors, in the case where both must exert costly unobservable efforts to improve the profitability of the firm.
Keywords: INVESTMENTS; INCENTIVES; BUSINESS ORGANIZATION (search for similar items in EconPapers)
JEL-codes: D20 D80 G30 (search for similar items in EconPapers)
Pages: 50 pages
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Persistent link: https://EconPapers.repec.org/RePEc:fth:gremaq:99.520
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