Proceedings of the 2014 International Conference on Global Economy, Commerce and Service Science

A Design of the Incentive and Restraint Mechanisms for Venture Capitalists in the Venture Funds of the Limited Partnership

Authors
Pingping Liu, Chunsheng Jiang
Corresponding Author
Pingping Liu
Available Online January 2014.
DOI
https://doi.org/10.2991/gecss-14.2014.21How to use a DOI?
Keywords
limited partnership, venture capitalists, principal-agent relationship, incentive and restraint mechanisms
Abstract
There is a principal-agent relationship between investors and fund managers - venture capitalists for the venture funds in the limited partnership. The compensation for the venture capitalists is mainly from the fund management fees and carried interests. For the venture capital funds in the different stages, the forms and degrees of compensation mechanism are also different because of the differences of venture capitalists and their environment, as well as some other factors. The thesis focuses on the effective incentive mechanism for the fund managers with funds in the newly founded stage as well as the stage of development, so that the quality and efficiency of the fund regulation can be improved.
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This is an open access article distributed under the CC BY-NC license.

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Proceedings
2014 International Conference on Global Economy, Commerce and Service Science (GECSS-14)
Part of series
Advances in Intelligent Systems Research
Publication Date
January 2014
ISBN
978-90-78677-96-3
ISSN
1951-6851
DOI
https://doi.org/10.2991/gecss-14.2014.21How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Pingping Liu
AU  - Chunsheng Jiang
PY  - 2014/01
DA  - 2014/01
TI  - A Design of the Incentive and Restraint Mechanisms for Venture Capitalists in the Venture Funds of the Limited Partnership
BT  - 2014 International Conference on Global Economy, Commerce and Service Science (GECSS-14)
PB  - Atlantis Press
SN  - 1951-6851
UR  - https://doi.org/10.2991/gecss-14.2014.21
DO  - https://doi.org/10.2991/gecss-14.2014.21
ID  - Liu2014/01
ER  -