VENTURE MOLIYALASHTIRISH JARAYONIDA RISKLARNI BOSHQARISH MEXANIZMLARI VA ULARNING SAMARADORLIGI
DOI:
https://doi.org/10.5281/zenodo.20855090Ключевые слова:
venchur kapital, moliyalashtirish, risklarni boshqarish, bosqichma-bosqich moliyalashtirish, sindikatlash, kompleks tekshiruv, konvertatsiya qilinadigan imtiyozli aksiyalar, kelishuvning asosiy shartlari bayonnomasi, investitsiyadan chiqish riski, startaplar, agentlik muammosi, axborot assimetriyasiАннотация
Mazkur maqolada venchur moliyalashtirish jarayonida yuzaga keladigan asosiy risklar, ularni boshqarish
mexanizmlari va ushbu mexanizmlarning iqtisodiy samaradorligi tahlil qilinadi. Venchur kapital bozori yuqori noaniqlik,
axborot assimetriyasi, agentlik muammolari, texnologik va bozor risklari, shuningdek chiqish noaniqligi bilan tavsiflanadi.
Maqolada “risk-instrument-samaradorlik” integratsiyalashgan modeli ishlab chiqilgan bo‘lib, venture bitimlarida risklarni
kamaytirish samaradorligi nafaqat kapitalni himoya qilish, balki istiqbolli startaplarni erta bosqichda qo‘llab-quvvatlash
bilan muvozanatlashgan bo‘lishi lozimligi asoslangan.
Библиографические ссылки
Fluck Z., Garrison K., Myers S. Venture Capital Contracting and Syndication. NBER Working Paper No. 11624.
Cambridge, MA: National Bureau of Economic Research, 2005.
Wang S., Zhou H. Staged financing in venture capital: moral hazard and risks // Journal of Corporate Finance. 2004.
Tian X. The causes and consequences of venture capital stage financing // Journal of Financial Economics. 2011.
Dahiya S., Ray K. Staged investments in entrepreneurial financing // Journal of Corporate Finance. 2012.
Yung C. Entrepreneurial manipulation with staged financing // Journal of Economic Behavior & Organization. 2019.
Gompers P., Gornall W., Kaplan S., Strebulaev I. How Do Venture Capitalists Make Decisions? NBER Working Paper
No. 22587. Cambridge, MA: National Bureau of Economic Research, 2016.
Kaplan S. N., Strömberg P. Evidence from Venture Capitalist Analyses. NBER Working Paper No. 8764. Cambridge,
MA: National Bureau of Economic Research, 2002.
Metrick A., Yasuda A. Venture Capital and Other Private Equity: A Survey. NBER Working Paper No. 16652. Cambridge,
MA: National Bureau of Economic Research, 2010.
Da Rin M., Hellmann T., Puri M. A survey of venture capital research. NBER Working Paper No. 17523. Cambridge,
MA: National Bureau of Economic Research, 2011.
Nanda R., Rhodes-Kropf M. Coordination Frictions in Venture Capital Syndicates. NBER Working Paper No. 24517.
Cambridge, MA: National Bureau of Economic Research, 2018.
Kang J. K., et al. Venture Capital Coordination in Syndicates, Corporate Governance and Startup Outcomes // Journal
of Corporate Finance. 2022.
NVCA. Model Legal Documents. National Venture Capital Association.
NVCA. Model Term Sheet. National Venture Capital Association.
OECD. Policy Lessons from Financing Innovative Firms. Paris: OECD Publishing.
PitchBook; NVCA. Q4 2024 PitchBook–NVCA Venture Monitor. 2025
Загрузки
Опубликован
Выпуск
Раздел
Лицензия
Copyright (c) 2026 MUHANDISLIK VA IQTISODIYOT
Это произведение доступно по лицензии Creative Commons «Attribution» («Атрибуция») 4.0 Всемирная.