| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3444 |
| DP3444 Firm Size Distribution: Testing the 'Independent Submarkets Model' in the Italian Motor Insurance Industry | |
| Luigi Buzzacchi; Tommaso Valletti | |
| 发表日期 | 2002-07-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | Shareholder agreements govern the relations among shareholders in privately-held companies, such as joint ventures or venture capital-backed ?rms. We provide an explanation for the use of put and call options, pre-emption rights, drag-along rights, demand rights, tag-along rights, and catch-up clauses in shareholder agreements. We view these clauses as serving to preserve the parties? incentives to make ex ante investments when ex post renegotiation may alter the parties? shares of the payoff. We extend our framework to discuss the use of other clauses, such as the option to extend the life of a business alliance. |
| 主题 | Financial Economics |
| 关键词 | Shareholder agreements Put options Call options Pre-emption rights Drag-along rights Demand rights Tag-along rights Catch-up clauses |
| URL | https://cepr.org/publications/dp3444 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532463 |
| 推荐引用方式 GB/T 7714 | Luigi Buzzacchi,Tommaso Valletti. DP3444 Firm Size Distribution: Testing the 'Independent Submarkets Model' in the Italian Motor Insurance Industry. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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