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dc.contributor.authorManigart, Sophie
dc.contributor.authorKorsgaard, Audrey M.
dc.contributor.authorFolger, R.
dc.contributor.authorSapienza, Harry J.
dc.contributor.authorBaeyens, Katleen
dc.date.accessioned2017-12-02T14:10:26Z
dc.date.available2017-12-02T14:10:26Z
dc.date.issued2002
dc.identifier.isbn0-910897-220
dc.identifier.urihttp://hdl.handle.net/20.500.12127/619
dc.description.abstractThis paper adresses the impact of trust on private equity contracts. Trust between investor and entrepreneur is essential to help overcome control problems, especially in an environment with severe agency risks and incomplete contracts. In this study, information about the effects of trust is collected using a simulation with 144 entrepreneurs and investors. We find that trust has an impact on the desired contracts of entrepreneurs, but not on that of investors. Our findings suggest that for parties, faced with potentially large agency problems (investors), trust and control seem to play complementary roles. On the other hand, for parties faced with smaller agency problems (entrepreneurs), trust seems to be a substitute for control.
dc.language.isoen
dc.publisherVlerick Business School
dc.subjectCorporate Finance
dc.subjectEntrepreneurship
dc.titleThe impact of trust on private equity contracts
refterms.dateFOA2019-10-14T12:44:42Z
dc.source.issue2
dc.source.numberofpages21
vlerick.knowledgedomainAccounting & Finance
vlerick.knowledgedomainEntrepreneurship
vlerick.supervisor
vlerick.typecommWorking paper
vlerick.vlerickdepartmentA&F
dc.identifier.vperid56566
dc.identifier.vperid140635
dc.identifier.vperid140825
dc.identifier.vperid35884
dc.identifier.vperid141089
dc.identifier.vpubid650


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