Monitoring or moral hazard? Evidence from real activities manipulation by venture-backed companies.
Prior literature suggests two competing theories regarding the role of venture capitalists (VCs) in their portfolio companies. The VC monitoring hypothesis argues that VCs effectively resolve the managerial agency problem through close monitoring and restraining managers' earnings management be...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Others |
| Language: | English |
| Published: |
University of North Texas
2009
|
| Subjects: | |
| Online Access: | https://digital.library.unt.edu/ark:/67531/metadc12154/ |