Mar 7, 2014 By: admin
Dr. S. Abraham Ravid, professor and chair of finance at ¿Û¿Û´«Ã½'s, will present a paper at the 's 2014 Corporate Finance Meeting at the University of Chicago. Titled "Intellectual Property Contracts: Theory and Evidence from Screenplay Sales," Ravid's paper, which was co-authored by Milton Harris, Ronald Sverdlove, and Suman Basuroy, explains why many intellectual property contracts are contingent on eventual production or success, even without moral hazard on the part of risk-averse sellers. It also predicts that more reputable sellers will be offered a very different mix of cash and contingency payments than inexperienced sellers, among other things. The conference, which is invite-only, is one of the most prestigious forums for presentation in corporate finance.
