Publication: An Analysis of Shareholder Agreements
An Analysis of Shareholder Agreements
Date
Date
Date
Citations
Chemla, G., Ljungqvist, A., & Habib, M. A. (2007). An Analysis of Shareholder Agreements. Journal of the European Economic Association, 5(1), 93–121. https://doi.org/10.1162/JEEA.2007.5.1.93
Abstract
Abstract
Abstract
Shareholder agreements govern the relations among shareholders in privately held firms, such as joint ventures and venture capital-backed companies. We provide an economic explanation for key clauses in such agreements 14namely, put and call options, tag-along and drag-along rights, demand and piggy-back rights, and catch-up clauses. In a dynamic moral hazard setting, we show that these clauses can ensure that the contract parties make efficient ex ante investments in the firm. They do so by constraining renegotiation. In the absence
Metrics
Downloads
Views
Additional indexing
Creators (Authors)
- Chemla, Gilles
- Ljungqvist, Alexander
Journal/Series Title
Journal/Series Title
Journal/Series Title
Volume
Volume
Volume
Number
Number
Number
Page range/Item number
Page range/Item number
Page range/Item number
Page end
Page end
Page end
Item Type
Item Type
Item Type
In collections
Scope
Scope
Scope
Language
Language
Language
Publication date
Publication date
Publication date
Date available
Date available
Date available
ISSN or e-ISSN
ISSN or e-ISSN
ISSN or e-ISSN
OA Status
OA Status
OA Status
Publisher DOI
Other Identification Number
Other Identification Number
Other Identification Number
Metrics
Downloads
Views
Citations
Chemla, G., Ljungqvist, A., & Habib, M. A. (2007). An Analysis of Shareholder Agreements. Journal of the European Economic Association, 5(1), 93–121. https://doi.org/10.1162/JEEA.2007.5.1.93
