TY - JOUR
T1 - Study on debt financing and governance mechanism of entrepreneurial firm based on technology
AU - Xue, Yong Ji
AU - Li, Jian
PY - 2010/1
Y1 - 2010/1
N2 - Based on the understanding of ensuring the development of an entrepreneurial firm and protecting the benefits of investors and entrepreneur, entrepreneurial firm based on technology should consider debt financing and governance mechanism together. As an improvement, investors' supervise system and entrepreneur's efforts were introduced on the study of debt financing and governance mechanism of entrepreneurial firm based on technology. The expected income models of investors and entrepreneur are the basic models of implementing governance mechanism. Based on the analysis of the basic models, the supervise mechanism, control rights mechanism, stimulation mechanism and the confirming of the investors' best rate and the entrepreneur's best effort are discussed .
AB - Based on the understanding of ensuring the development of an entrepreneurial firm and protecting the benefits of investors and entrepreneur, entrepreneurial firm based on technology should consider debt financing and governance mechanism together. As an improvement, investors' supervise system and entrepreneur's efforts were introduced on the study of debt financing and governance mechanism of entrepreneurial firm based on technology. The expected income models of investors and entrepreneur are the basic models of implementing governance mechanism. Based on the analysis of the basic models, the supervise mechanism, control rights mechanism, stimulation mechanism and the confirming of the investors' best rate and the entrepreneur's best effort are discussed .
KW - Debt financing
KW - Entrepreneurial firm
KW - Entrepreneurship based on technology
KW - Governance mechanism
UR - http://www.scopus.com/inward/record.url?scp=77950345624&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:77950345624
SN - 1001-0645
VL - 30
SP - 118
EP - 122
JO - Beijing Ligong Daxue Xuebao/Transaction of Beijing Institute of Technology
JF - Beijing Ligong Daxue Xuebao/Transaction of Beijing Institute of Technology
IS - 1
ER -