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Game Analysis of Cooperation between Start-Up and Venture Investor
School of Management, Jinan University, Guangzhou, China
- 1 School of Management, Jinan University, Guangzhou, China
Journal of Financial Risk Management·Volume 05 (2016)·Pages 113–121·Published 31 August 2016·DOI10.4236/jfrm.2016.53013
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Abstract
This article divides the cooperation style between start-ups and venture investors into non-property cooperation and property cooperation. On the basis, it sets up a dynamic game model of complete information to figure out the corresponding Nash equilibrium. And the game analysis results indicate that during the cooperative game process of start-up and venture investor, the higher extra input the venture investor needs to provide, the more likely the both sides are to choose non-property cooperation; the higher profits the success of the venture project may bring, the more likely the entrepreneurial firm is to choose property cooperation.
KeywordsStart-UpVenture InvestorCooperative GameDynamic Game Model of Complete Information
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