1) redeemable preference stock
可偿还优先股
2) confidential debt
应优先偿还债务
3) redeemable preference share
可赎优先股股份
4) preferred stock sinking fund
优先股偿债基金
5) privilege
[英]['prɪvəlɪdʒ] [美]['prɪvḷɪdʒ]
优先求偿权,优先购股权
6) 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。
补充资料：分期偿还债务
分期偿还债务 Installment Debt
定义：
债务人必须定期偿还，直至全数清偿本金与利息的债务 。
说明：补充资料仅用于学习参考，请勿用于其它任何用途。