1) Partaking Convertible Preferred Stock
共享型可转换优先股
1.
The Exit Decision Model about Venture Capital under Partaking Convertible Preferred Stock;
共享型可转换优先股的风险投资退出决策模型
2) participating preferred convertible equity
参与型可转换优先股
1.
This paper explores the converting issue about participating preferred convertible equity by developing a model of the allocation of the control rights in the process of the exit of venture capital.
通过建立退出控制权分配模型探讨了风险投资退出过程中参与型可转换优先股的转换问题,指出风险投资家使用参与型可转换优先股总可以实现Pareto最优退出选择;当事先协议的风险投资家转换后企业家在退出收入流中的份额满足一定条件时,参与型可转换优先股转换成有投票权股份或无投票权股份的决定因素是风险投资家参与企业剩余价值分配的比例和边际声誉所得以及企业家的私人控制利益。
3) convertible preferred stock
可转换优先股
1.
To reduce the degree of asymmetric information and keep moral hazard away,venture capitalists usually adopt convertible preferred stock as an investment tool,staged financing as a method of investing capital and allocating of control rights efficiently to arrange contract in the process of investment.
为了降低信息不对称程度以及有效防范道德风险,风险投资家在投资风险企业的过程中通常采用可转换优先股作为投资工具、分阶段对企业进行投资、合理有效的分配控制权来安排契约。
2.
Assuming the value of venture project follows the Geometric Brownian Motion, we firstly study the designing of investment contract when VCs adopt convertible preferred stocks as investment tool, and then apply the real option approach to analyze the value of convertible preferred stock.
本文假设风险投资项目价值服从几何布朗运动,首先研究风险投资家以可转换优先股为投资工具时的最优合约设计,进一步运用实物期权方法研究风险投资合约可转换条款的期权价值。
3.
Therefore,this paper derives endogenously the capital structure of venture capital financing in which the entrepreneur gets common stocks only when the profit exceeds a certain level and the VC holds a convertible preferred stock.
由此内在地导出了风险投资企业的资本结构,仅在某个利润水平之上创业者才能获得普通股,而风险投资家持有可转换优先股。
4) convertible preferred stock
可兑换优先股
5) conversion privilege of preferred stock
优先股转换特权
6) redeemable preference share
可赎优先股股份
补充资料：可转换优先股
可转换优先股 Convertible Preferred Stock
定义：
持有人有权选择转换成为普通股的优先股。 指持有人于某种情形下，可要求发行公司兑换为普通股(common stock)的优先股。