Research on the ways of improving principalagent efficiency at two levels for the venture capital.pdf

2009 International Conference on Information Management, Innovation Management and Industrial Engineering2009 International Conference on Information Management, Innovation Management and Industrial Engineering2009 International Conference on Information Management, Innovation Management and Industrial Engineering Research on the ways of improving principal-agent efficiency at two levels for venture capital Guan jun Ye Yun-feng Economics and Management School Postgraduate Education Department Hebei Engineering University Hebei Engineering University Handan, China Handan, China E-mail:hbhdgj@ E-mail: yeyunfeng@ Abstract—The paper begins with the concise analysis of the principal affects agent and the vice verse, so it’s different to principal-agent relationship at two levels among investors of research the principal-agent efficiency from the different venture capital and venture capitalists, venture capitalists and angles, that is to say, the corresponding research should be venture firms, then the framework for analyzing principal- divided into two parts, the research on the principal agent efficiency on the basis of the implication of the efficiency and the research on the agent efficiency. conc