Arbeitspapier
The Optimal Portfolio of Start-Up Firms in Venture Capital Finance
A venture capitalist faces a trade-off between the extent of managerial advice allocated to each start-up and the total number of firms advised. Diminishing returns to advice per firm call for a larger portfolio. As advice gets diluted, further expansion of the portfolio eventually becomes unprofitable.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 381
- Classification
-
Wirtschaft
- Subject
-
Venture capital finance
double-sided moral hazard
company portfolio
- Event
-
Geistige Schöpfung
- (who)
-
Kanniainen, Vesa
Keuschnigg, Christian
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2000
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kanniainen, Vesa
- Keuschnigg, Christian
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2000
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