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Chinese Journal of Management Science ›› 2002, Vol. ›› Issue (2): 1-5.

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Decision-making on Stage Financing

LIU Zheng-lin, XU Wei-xuan   

  1. Institute of Policy & Management, Chinese Academy of Sciences, Beijing 100080, China
  • Received:2001-03-09 Revised:2001-10-12 Online:2002-04-28 Published:2012-03-06

Abstract: Stage financing is one of the most important financing forms.The received literature investigates the decision-making on stage financing under the consumption of equity finance.Based on analyses of investment safety,a series of optimal investment models are constructed to explain stage financing mechanism.

Key words: venture capital, stage financing, valuation, optimal decision-making

CLC Number: