TY  - BOOK
AU  - 
ED  - SpringerLink (Online service)
TI  - Co-Financing Hollywood Film Productions with Outside Investors: An Economic Analysis of Principal Agent Relationships in the U.S. Motion Picture Industry 
T2  - Markt- und Unternehmensentwicklung / Markets and Organisations
SN  - 9783658007874
AV  - Libro electrónico 
U1  - 330 23
PY  - 2013///
CY  - Wiesbaden
PB  - Springer Fachmedien Wiesbaden, Imprint: Springer Gabler
KW  - Economics
KW  - Economics/Management Science
KW  - Economics/Management Science, general
N1  - The Business of Motion Picture Production and Distribution -- Co-Financing Film Projects with External Investors -- Principal Agent Problems in Co-Financing Relationships -- Empirical Investigation of Adverse Selection and Moral Hazard -- Managerial Implications and Developments in the Co-Financing Market
N2  - Co-financing arrangements in which investors from outside the motion picture industry become co-owners of the completed films are a common phenomenon in Hollywood. Kay H. Hofmann analyzes the conflicts of interest and the organizational problems that may arise between the experienced major studios and investors with comparably low industry expertise. Guided by principal agent theory, the empirical analysis provides evidence for adverse selection and moral hazard. Based on his findings, the author develops solutions that are not only relevant for investors but also for film producers who rely on the long-term availability of external funds
UR  - http://dx.doi.org/10.1007/978-3-658-00787-4
ER  -