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The Divison of Ownership in New Ventures

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DEMOUGIN, Dominique, Oliver FABEL, 2004. The Divison of Ownership in New Ventures

@techreport{Demougin2004Divis-11816, series={Diskussionspapiere der DFG-Forschergruppe Heterogene Arbeit}, title={The Divison of Ownership in New Ventures}, year={2004}, number={04/03}, author={Demougin, Dominique and Fabel, Oliver} }

<rdf:RDF xmlns:dcterms="" xmlns:dc="" xmlns:rdf="" xmlns:bibo="" xmlns:dspace="" xmlns:foaf="" xmlns:void="" xmlns:xsd="" > <rdf:Description rdf:about=""> <dcterms:abstract xml:lang="eng">The current study investigates a tripartite incentive contract between an innovator supplying an intellectual asset, a professional assigned to productive tasks, and a consulting firm specialized in recruiting qualified personnel. The liquidity-constrained professional is compensated by receiving a share of one half in the new venture. With continuous search activities of the consultant the pure tripartite partnership implements the consultant s expected profit maximum. The consultant s and the innovator s shares reflect the relative value of search. However, the consultant s optimal search effort is inefficiently low. With binary search and only two innovator types , there may also exist bipartite partnerships of equals between the innovator and the professional, and bipartite partnerships of equals between the consultant and the professional. The latter emerge from complete buy-outs of innovators with low value business ideas.</dcterms:abstract> <dcterms:title>The Divison of Ownership in New Ventures</dcterms:title> <dcterms:issued>2004</dcterms:issued> <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/> <dcterms:rights rdf:resource=""/> <dcterms:hasPart rdf:resource=""/> <dc:contributor>Fabel, Oliver</dc:contributor> <dspace:isPartOfCollection rdf:resource=""/> <dspace:hasBitstream rdf:resource=""/> <dc:rights>terms-of-use</dc:rights> <dc:format>application/pdf</dc:format> <dc:creator>Demougin, Dominique</dc:creator> <dc:language>eng</dc:language> <dcterms:available rdf:datatype="">2011-03-25T09:40:26Z</dcterms:available> <dc:date rdf:datatype="">2011-03-25T09:40:26Z</dc:date> <dc:contributor>Demougin, Dominique</dc:contributor> <dc:creator>Fabel, Oliver</dc:creator> <bibo:uri rdf:resource=""/> <dcterms:isPartOf rdf:resource=""/> <foaf:homepage rdf:resource="http://localhost:8080/jspui"/> </rdf:Description> </rdf:RDF>

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